Fort Smith-based ArcBest is likely to again post impressive financial numbers in its third quarter report. The logistics and shipping company on Thursday (Sept. 8) said its July revenue was… The post ArcBest reports continued ‘momentum,’ says August revenue up 18% appeared first on Talk Business & Politics .
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Fort Smith-based ArcBest is likely to again post impressive financial numbers in its third quarter report. The logistics and shipping company on Thursday (Sept. 8) said its July revenue was…
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ArcBest is undervalued despite seeing explosive growth and being well-positioned for more. Here''s what you need to know.
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Judy R McReynolds , Chairman at ArcBest (NASDAQ: ARCB ), reported a large insider sell on August 25, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that McReynolds sold 25,000 shares of ArcBest . The total transaction amounted to $2,219,250. ArcBest shares are trading down 0.93% at $90.47 at the time of this writing on Friday morning. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. The Importance of Insider Transactions Insider transactions shouldn''t be used primarily to make an … Full story available on Benzinga.com
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Looking at the universe of stocks we cover at Dividend Channel, on 8/9/22, ArcBest Corp (Symbol: ARCB), Sonoco Products Co. (Symbol: SON), and PPG Industries Inc (Symbol: PPG) will all trade ex-dividend for their respective upcoming dividends. ArcBest Corp will pay its quarter
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ArcBest Corporation (NASDAQ:NASDAQ:ARCB) Q2 2022 Earnings Conference Call July 29, 2022 9:30 AM ET Company Participants David Humphrey - Vice President, Investor Relations Judy McReynolds -…
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Unwinding the global supply chain continues to benefit Fort Smith-based ArcBest. The logistics and shipping company on Friday (July 29) reported a 104% increase in net income in the first…
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Unwinding the global supply chain continues to benefit Fort Smith-based ArcBest. The logistics and shipping company on Friday (July 29) reported a 104% increase in net income in the first… The post ArcBest net income up 104% in the first half of 2022 appeared first on Talk Business & Politics .
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In trading on Thursday, shares of ArcBest Corp (Symbol: ARCB) crossed above their 200 day moving average of $87.60, changing hands as high as $87.77 per share. ArcBest Corp shares are currently trading up about 7.3% on the day. The chart below shows the one year performance o
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ArcBest''s long-term growth prospects look good due to large cross-selling opportunity and MoLo acquisition. Check out why I have a buy rating on ARCB stock.
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ArcBest (ARCB) is scheduled to announce Q2 earnings results on Friday, July 29th, before market open.The consensus EPS Estimate is $3.95 (+100.5% Y/Y) and the consensus Revenue Estimate…
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FORT SMITH, Ark., July 27, 2022 /PRNewswire/ -- The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on August 10, 2022, payable on August 24, 2022. ABOUT…
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The ARCBEST CORPORATION POLITICAL ACTION COMMITTEE successfully filed their F3XN JULY MONTHLY with the coverage period of 06/01/2022 to 06/30/2022 and a confirmation ID of FEC-1611208 *********CommitteeId: C00193383 | FilingId: 1611208 | FormType: F3XN | CoverageFrom: 06/01/2022 | CoverageThrough: 06/30/2022 | ReportType: JULY MONTHLY*********
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FORT SMITH, Ark., July 5, 2022 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) will announce its second quarter 2022 financial results prior to the opening market on Friday, July 29, 2022. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss…
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Trucking Stocks Massacred After Target Warns Of $1 Billion In Incremental Freight Costs Remember when freight, trucking and logistics data provider Freightwaves warned at the last day of April that a freight recession was imminent and was set to cripple the trucking sector and broader economy (prompted Jim Cramer to declare that "Mr Freightwaves" knows nothing). Well, as always, Cramer was wrong and Freightwaves was right, and today we are seeing nothing short of bloodbath in the trucking and logistics space, where stocks have plunged the most in over six weeks amid weak outlook from several retailers, including Target, which just like Walmart plunged the most since 1987 as inflation crippled its profit margins, and as it warned that fuel and freight costs soared in the first quarter. How bad is it looking? On the Target earnings call, the COO said the company is now expecting $1 billion in incremental freight costs this year. The Russell 3000 Index Trucking Subsector (RGUSPTK) dropped over 10% versus a 3.3% drop in the S&P 500 Index, although both are still sliding.
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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Point of Sale is sponsored by ArcBest. ArcBest is more than logistics. Whatever you do, whatever you ship, ArcBest makes it easier for you to do business. ArcBest combines reliable capacity, innovative technology and trusted relationships to take the complexity out of your supply chain and keep your shipments moving. That''s what makes ArcBest more than logistics. Amazon (NASDAQ: Full story available on Benzinga.com
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Within the last quarter, ArcBest (NASDAQ: ARCB ) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 0 1 0 Somewhat Bullish 0 1 0 1 Indifferent 0 1 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 7 analysts have offered 12-month price targets for ArcBest. The company has an average price target of $81.14 with a high of $96.00 and a low of $70.00. This current average represents a 14.28% increase from the previous average price target of $71.0. What Are Analyst Ratings? Ratings come from analysts, Full story available on Benzinga.com
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This is an excerpt from Thursday's (6/3) Point of Sale retail supply chain newsletter sponsored by ArcBest. Plants are the new pets and pets are the new kids. This is the sentiment I hear often in my friend group and on social media. Younger generations are waiting longer to have children and are having fewer of them. Younger people, like myself, are giving our excess care to pets and when the pandemic locked us inside, pet adoption skyrocketed. This trend has been a boon for pet and wellness companies, both digitally native and traditional brick-and-mortar players. The intense battle between pet companies for market share and pet parents' trust was well underway prior to the pandemic, but all these new furry friends have intensified it. On Petco 's (NASDAQ: WOOF ) Q1 earnings call, Chairman and CEO Ron Coughlin spoke directly about what he believes is his company's competitive advantage over Chewy (NYSE: CHWY ), Amazon (NASDAQ: AMZN ), and other online peers. "Our structural advantage of 1,453 micro-distribution points through our Pet Care Centers is a strategic differentiator versus pure-play online competitors," Coughlin said. "We can get to the customer faster for lower cost than shipping from a DC." Petco has been able to leverage its stores to fulfill 83% of online sales through ship-from-store, same-day delivery and BOPIS.
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ArcBest (NASDAQ: ARCB ) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months
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In trading on Friday, trucking shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of Arcbest, off about 10.7% and shares of Yellow Corporation off about 9.1% on the day.
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A zoning change will allow ArcBest to expand its operations in the old Walmart distribution center at 8100 Zero St.
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ArcBest stock fell Friday after Wolfe Research suggested investors take profits from gains in the trucking company’s stock.
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The Daily Dash is a quick look at what''s happening in the freight ecosystem. In today''s edition, we highlight second-quarter updates from ArcBest and Saia, a $50 million round of funding for Locus and more. The High Five 1. A couple of less-than-truckload carriers provided updates through the first two months of the second quarter. The year-over-year advances were very large and reflected easy comparisons to 2020, which experienced a sharp falloff as parts of the economy were knocked offline amid expanding COVID-related shutdowns. Todd Maiden''s report 2. Livestock shippers are asking the Biden administration to issue an emergency waiver of work-rule restrictions Full story available on Benzinga.com
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This is an excerpt from Monday''s (5/3) Point of Sale retail supply chain newsletter sponsored by ArcBest. The what. Amazon (NASDAQ: AMZN ) confirmed last week that its annual Prime Day sales bonanza will occur earlier than normal this year. Prior to last year, Prime Day always landed in July and acted as a jump-start to Q3 and a segway into the back-to-school season. During its Q1 earnings call, CFO Brian Olsavsky said Amazon intended to hold Prime Day earlier in the year in 2020, but those plans were thwarted by the COVID pandemic. Instead, the event was held in October and kick-started the " 75-day peak season " last year. Amazon has yet to confirm a specific date, but the company said Prime Day will take place in the second quarter, implying a June event. The why. There are a number of factors Amazon executives have pointed to in their reasoning for moving the event up, including the Tokyo Olympics taking place in July, as well as it being a "vacation month" for families. "It might be better for
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This is an excerpt from Monday's (5/13) Point of Sale retail supply chain newsletter sponsored by ArcBest. There's a startup that was first created to deliver stoner essentials to college kids but is quietly capturing the imagination (and venture capital) of the tech world, and it's time the logistics world took notice. Gopuff, founded by two friends at Drexel University in 2013, began delivering items like vaporizers, grinders and rolling papers. Soon after, munchies like Ben & Jerry's became supplemental offerings to smoking and quickly became the bulk of their sales. The founders, Rafael Ilishayev and Yakir Gola, both came from families steeped in brick-and-mortar retail business. Ilishayev, who emigrated from Russia when he was 2, worked for his family's sandwich shop and banquet hall business. Gola's father, who moved to the U.S. from Israel, is a well-known jeweler in the Philadelphia area. I believe this background is a principal reason Gopuff was not built to be a third-party distributor. "As first-generation Americans, Yakir and I, we grew with values from our parents that you need to create a business that makes money," Ilishayev said in an interview .
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Logistics provider ArcBest Corp . (NASDAQ: ARCB ) reported record first-quarter results Tuesday. Adjusted earnings per share were $1.01 compared to the consensus estimate of 58 cents per share and the year-ago result of 36 cents per share. Total revenue increased 18.2% year-over-year to $829 million and the company recorded a 95.3% consolidated operating ratio, a 290-basis point improvement. "We're pleased to report our best-ever operating income for the first quarter as well as increased revenue and profitability in what is historically the most challenging quarter of the year," stated Judy McReynolds, chairman, president and CEO. "These strong results reflect our ability to create solutions to support our customers as they continue to face supply chain challenges associated with their rebound from the COVID-19 pandemic." Compared to the fourth quarter of 2020, the OR improved 10 bps. Typically, ArcBest's margins … Full story available on Benzinga.com
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This is an excerpt from Thursday's (4/22) Point of Sale retail supply chain newsletter sponsored by ArcBest. The best-in-class retailers are aggressively pursuing logistical control over their products (and therefore the customer experience) while trying to avoid patchwork responses to final-mile delivery. These same retailers are also in an intense battle to develop faster and faster fulfillment methods. This week, Target (NYSE: TGT ) announced that it will enlist the help of its gig economy delivery fleet, Shipt, to deliver more than just bagged grocery and household goods. What's Target doing? The new approach is being tested in Target's hometown of Minneapolis, where the company's first sortation center opened last fall. This new sortation center and the underlying strategy will be powered by three of Target's recent supply chain technology acquisitions. For many years, Target's e-commerce strategy has been built with its stores, the one true advantage it feels it has over Amazon (NASDAQ: AMZN), at the center.
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Cowen & Co. Stick to Their Buy Rating for ArcBest Corporation
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This is an excerpt from Thursday's (3/12) Point of Sale retail supply chain newsletter sponsored by ArcBest. Retailers are stuck between playing the ocean waiting game and ponying up for air cargo. The number of container ships in San Pedro Bay has hovered around 30 since the start of the year and levels remain stubbornly high. As of Wednesday, there were 31 at anchor. The CMA CGM Marco Polo — with a capacity of 16,022 twenty-foot equivalent units (TEUs) — has been stuck at anchor the longest, since Feb. 27. The median time a container ship spent anchored outside the port last week was just over 7.5 days before it could head to berth. The Ports of Los Angeles and Long Beach have received the lion's share of media attention given their scale and importance to the U.S. consumer, but it is a common story playing out around the country (and the world). Up the coast of California, ship-positioning data from MarineTraffic showed 13 ships at anchor off Oakland as of Wednesday. Even further to the north, MarineTraffic data showed 11 ships at anchor off Vancouver in British Columbia, as Asian exports to the U.S. are flowing heavily through Canada as well.
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This is an excerpt from Tuesday's (3/9) Point of Sale retail supply chain newsletter sponsored by ArcBest. Instacart had a crazy year. Capped off by last week's funding announcement of another $265 million at a valuation of $39 billion (more than 4x where it was to begin 2020), Instacart has seen every piece of its business explode over the past 12 months. By some accounts, the 8-year-old company now has roughly 50% of the online grocery market. With an IPO almost guaranteed this year, I wanted to look back at how Instacart has gone from niche to necessity and question whether it can maintain this dominant position in a highly competitive, highly sought-after market post-COVID. Instacart was not Apoorva Mehta's first startup attempt. In fact, he tried his hand at more than 20 low-budget technology startups, but all either failed or eventually lost his interest. There is a story involving a lone Sriracha bottle in his empty fridge, leading to him and two of his startup friends launching Instacart to solve for quick grocery deliveries for people who, like him, lived far from supermarkets and didn't own cars.
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FORT SMITH, Ark., March 9, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce it was recently awarded a Bronze medal for its 2021 sustainability rating from EcoVadis. EcoVadis monitors sustainability in global supply chains by rating…
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This is an excerpt from Thursday's (3/4) Point of Sale retail supply chain newsletter sponsored by ArcBest. Ordering apparel inventory is hard. In normal times, retailers order inventory upwards of six months in advance, hoping what they ordered isn't out of fashion by the time it hits the shelves. Although consumer preferences changed rapidly, at least overall demand was steady and predictable. COVID has and continues to rampage through the apparel industry, suppressing demand for pretty much everything besides athleisure. Over the summer, retailers had difficult planning decisions to make. Remember back to May, June and July… We had no idea what to expect. Vaccines were barely dreamed of but we had just come through what we believed was "it" (the first wave). Optimism was brewing, the stock market was rebounding quickly, consumer confidence was growing and consumers were flush with the first round of stimulus. There were many variables apparel companies could have pointed to as evidence for normal, or even slightly higher holiday ordering.
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This is an excerpt from Thursday's (2/25) Point of Sale retail supply chain newsletter sponsored by ArcBest. Retail sales are expected to grow this year between 6.5% and 8.2%, amounting to more than $4.33 trillion, according to the National Retail Federation's annual sales forecast released Wednesday. Preliminary results indicate retail sales grew 6.7% in 2020, despite the challenges from the global health crisis. That total nearly doubles the NRF original forecast of 3.5% prior to the pandemic and was driven by sky-high online demand that totaled 22% of all spending by year's end. This year, the NRF forecasts online sales to maintain a pressing pace between 18% and 23% growth over last year to hit $1 trillion for the first time. ( Chart: National Retail Federation) "The trajectory of the economy is predicated on the effectiveness of the vaccine and its distribution," said NRF Chief Economist Jack Kleinhenz in the press release. "Our principal assumption is that the vaccination will be effective and permits accelerated growth during the midyear.
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This is an excerpt from Monday's (2/22) Point of Sale retail supply chain newsletter sponsored by ArcBest. Walmart (NYSE: WMT ) reported Q4 earnings last week that fell short of Wall Street's expectations, despite posting same-store sales growth of 8.6%. That's a huge handle for a company Walmart's size and is by far the highest growth among comparable stores in the past 10 years, more than double the next closest growth rate of 3.7% in 2019. But Walmart's stock sold off hard after earnings were posted because Walmart's costs came in well above expectations (it tallied $1.1 billion in COVID-related expenses in Q4 alone) and the company guided for sales to moderate this year. Here are the highlights: ( Data: Company Filings) Walmart and other general retailers benefited greatly from pandemic spending trends. I don't need to spend much time explaining that Walmart began the year with Americans hoarding household essentials — y'all remember the toilet paper tussles. Nor do I need to explain why Walmart maintained extremely strong same-store sales growth throughout the year — y'all weren't eating out either.
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This is an excerpt from Monday's (2/8) Point of Sale retail supply chain newsletter sponsored by ArcBest. The Container Store's (NYSE: TCS ) most recent earnings call details the reality of shifting to a greater mix of e-commerce sales at a time when transportation capacity is extremely tight. To manage limited capacity, logistics providers have implemented surcharges and placed limits on its largest customers. These additional costs are putting significant strain on retailer bottom lines at a time when many are dealing with major top line declines. Fortunately for TCS, the company is not dealing with major sales declines. In fact, the company rode COVID-induced in-home spending to the tune of 21% revenue growth yoy this quarter. The cost catalyst for TCS was much of that in-home spending was done in the home . Online sales surged 98% yoy in the third quarter of fiscal 2020. "We certainly saw headwinds related to the higher mix of online sales, incurring a lot more in shipping costs than we originally expected," Chief Financial Officer Jeff Miller …
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This is an excerpt from Monday's (2/15) Point of Sale retail supply chain newsletter sponsored by ArcBest. Amazon's (NASDAQ: AMZN ) grocery growth has been remarkable and part of that is thanks to leveraging the Whole Foods brands and store infrastructure. However, that growth has been to the detriment of stores, many of which are now effectively mini-fulfillment centers crammed full of pickers walking the aisles and shops and restaurants — once a calling card for stores — turned into packing areas. Whole Foods lost market share in 2020. In-store grocery sales at most other retailers — from specialists like Kroger and Sprouts to generalists like Walmart and Target — were up (a lot) in 2020. Overall, grocery spending has been up between 15% and 25% since the pandemic began in March. Whole Foods is an expectation and its stores have not performed well throughout the pandemic. Admittedly, some of this is a deliberate part of Amazon's efforts to shift sales online, but there's more to the story. ( Chart: Bank of America) In 2020, Amazon saw sales from brick-and-mortar stores — mostly Whole Foods — decline 8%, but Amazon's 46% sales growth confirms huge online gains, presumably at Whole Foods, as well.
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FORT SMITH, Ark., Feb. 17, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce its employee training program has been recognized in Training magazine's 2021 Top 100. ArcBest is No. 16 on the 2021 list. This marks the 12th consecutive…
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FORT SMITH, Ark., Feb. 15, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce that it has been recognized as one of America's Best Large Employers for 2021. The award is presented by Forbes and Statista Inc., the world-leading…
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On January 28, 2021, ArcBest (NASDAQ:ARCB) announced shareholders can expect to receive a dividend payable on February 25, 2021. The stock will then go …
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FORT SMITH, Ark., Feb. 2, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported fourth quarter 2020 revenue of $816.4 million compared to fourth quarter 2019 revenue of $717.4 million. ArcBest's fourth quarter 2020 operating income was $30.3…
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Logistics provider ArcBest Corp. (NASDAQ: ARCB ) announced Monday that Tim Thorne, president of its less-than-truckload carrier, ABF Freight, will retire at the end of June. The division's current VP of linehaul operations, Seth Runser, will succeed Thorne in the role. Runser has been promoted to the new role of chief operating officer at ABF Freight effective Feb. 1 and will take the helm of the division on July 1. Thorne's 31-year career with ABF started as a supervisor assistant in 1990. He would go on to manage service centers, run operations in Utah as a regional vice president and head ABF's linehaul operations before becoming president in 2014. His tenure saw many milestones, including the ratification of the 2018 labor agreement with Teamsters … Full story available on Benzinga.com
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FORT SMITH, Ark., Jan. 8, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) will announce its fourth quarter 2020 financial results prior to the opening market on Tuesday, February 2, 2021. A conference call with company executives will be held that day at 9:30 a.m. ET (8:30 a.m. CT) to…
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SAN FRANCISCO–(BUSINESS WIRE)–Doctor On Demand, the nation’s leading virtual care provider, and ArcBest (Nasdaq: ARCB), a multibillion-dollar leader in supply chain logistics, today announced a partnership to offer a new Virtual Primary Care health plan benefit to its employees and their dependents nationwide. The partnership expands on the existing urgent care and behavioral health services… Read More »ArcBest Partners With Doctor On Demand to Roll out New Virtual Primary Care Benefit Nationwide
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FORT SMITH, Ark. , Dec. 7, 2020 /PRNewswire/ -- ArcBest ® (NASDAQ: ARCB ), a leader in supply chain logistics, is pleased to announce that its less-than-truckload carrier ABF Freight® has been recognized as a 2021 Military Friendly® Employer. "At ArcBest and ABF, we are proud to support our military veterans as they transition out of the service and into opportunities that … Full story available on Benzinga.com
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