Higher LTL Yields Offset Sluggish Tonnage in ArcBest's 4Q
In the fourth quarter, less-than-truckload carrier ArcBest’s consolidated revenue increased 6% year over year, with help from rising LTL yields (revenue per hundredweight), demand improvement in the expedited truckload unit (Panther), and small tuck-in acquisitions. Total revenue came in slightly above our forecast due to higher-than-expected total yield in the core LTL segment driven by freight-mix changes and stable core pricing. Ignoring restructuring costs associated with internal realignmen...ArcBest is a holding company. Through its subsidiaries, the company provides a suite of freight transportation services and integrated logistics solutions. The company's operations are conducted through three reportable operating segments: Asset-Based, ArcBest, and FleetNet. The company's Asset-Based segment provides less-than-truckload services through its subsidiary, ABF Freight System, Inc., and certain other subsidiaries' motor carrier operations. The ArcBest and FleetNet reportable segments, combined, represent the company's Asset-Light operations, which provide customers end-to-end logistics solutions, designed to satisfy the supply chain and shipping requirements they encounter.
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