ArcBest ( (ARCB) ) has provided an update.
ArcBest’s first quarter 2025 financial update reveals a decline in daily tonnage and shipment levels in its Asset-Based segment compared to the previous year, attributed to a soft manufacturing economy and low truckload prices. Despite these challenges, the company managed to increase revenue per hundredweight, although lower fuel prices offset these gains. Meanwhile, the Asset-Light segment experienced a decrease in daily revenue due to winter weather impacts and strategic reductions in less profitable volumes, leading to an expected operating loss for the quarter.
More about ArcBest
ArcBest is a logistics company that operates in the transportation and logistics industry, providing services such as less-than-truckload (LTL) shipping and truckload brokerage. The company focuses on optimizing its asset-based and asset-light segments to improve operational efficiency and financial performance.
YTD Price Performance: -19.26%
Average Trading Volume: 302,909
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.74B
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