ArcBest ( (ARCB) ) just unveiled an update.
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ArcBest’s recent financial update reveals a challenging landscape marked by a decrease in billed revenue and shipments due to weak industrial production and a shift in LTL shipments to the truckload market. Despite these hurdles, LTL pricing remains stable, and revenue per hundredweight is slightly up excluding fuel surcharges. The asset-light segment faces reduced demand and softer freight market conditions, leading to an anticipated operating loss. ArcBest is navigating these complexities while managing strategic acquisitions and market pressures.
Learn more about ARCB stock on TipRanks’ Stock Analysis page.
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