Reported 25 days ago
ArcBest announced its Q3 earnings with adjusted EPS of $1.64, falling short of estimates and reflecting a year-over-year decline. Consolidated revenue dropped 5.8% to $1.06 billion, driven by a significant decrease in tonnage amid higher operational costs. The asset-light unit showed a $3.9 million adjusted operating loss, marking the fifth consecutive loss, and the company anticipates further operating losses in Q4.
Source: YAHOO