Tonnage Trends are soft for ArcBest and its LTL peers, but pricing remains rational.
Less-than-truckload carrier ArcBest’s top line contracted 3% year over year. Core LTL division revenue once again saw pressure from softer average daily tonnage and lingering declines in fuel surcharges, which reduced yields (revenue per hundredweight). Panther’s expedited trucking services continued to grapple with sluggish freight activity and excess truckload-industry capacity, particularly in terms of weak pricing. Revenue came in below our expected run rate because of generally lackluster f...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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