Yield Gains Accelerate in ArcBest’s 4Q, But Shares Looking Rich
In the fourth quarter, less-than-truckload carrier ArcBest posted roughly 3% top-line growth year over year, driven by accelerating LTL yields (revenue per hundredweight), growth in expedite services (Panther), and higher fuel surcharges. Consolidated revenue didn’t deviate significantly from our expectations; in the core LTL shipping division, tonnage was once again softer than we anticipated due to pricing efforts, but that was more than offset by strong yield gains. Total adjusted profitabili...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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