FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced the introduction of its latest technology offering, Vaux Vision™, which is currently in the pilot phase. Vaux Vision transforms forklifts into intelligent mobile dimensioners to improve material handling efficiencies. This adds to the company’s suite of advanced technology solutions. This press release features multimedia. View the full release here: ArcBest's Vaux Vision is 3D perception technology designed to streamline material handling by providing precise, real-time freight measu...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced leadership and organizational updates to advance the Company’s strategic priorities and drive sustainable, long-term growth. The updates are effective February 1, 2025. “As customer supply chains continue to evolve and become increasingly complex, ArcBest keeps taking steps that ensure our customers have the right solutions and capacity to meet their needs,” said Judy R. McReynolds, ArcBest chairman and CEO. “The leadership and organizational updates announced today reflect our commitmen...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ® (Nasdaq: ARCB) will announce its fourth quarter 2024 financial results before the market opens on Friday, January 31, 2025. A conference call with company executives will be held that day at 9:30 a.m. EST (8:30 a.m. CST) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 7688695. Following the call, a recorded playback will be available through the end of the day on February 14, 2025. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 7688695. ...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that it has been named to Fast Company’s annual Next Big Things in Tech list. Now in its fourth year, the influential list honors emerging technology spanning a variety of industries for their profound impact on consumers, businesses and society in general. This year, Fast Company recognizes 138 technologies in 28 categories for their potential to revolutionize the way we work and live. ArcBest’s Vaux Smart Autonomy is highlighted in the General Excellence category for “helping robots an...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share in the prior year. On a non-GAAP basis, third quarter 2024 net income was $38.8 million, or $1.64 per diluted share, compared to $56.7 millio...
FORT SMITH, Ark.--(BUSINESS WIRE)-- 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 November 13, 2024, payable on November 27, 2024. ABOUT ARCBEST ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 15,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers ...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced that its household goods moving service ® has partnered with to offer financing options for long-distance moves. This collaboration allows customers who apply and qualify to book a move now and pay on a payment plan later. U-Pack joins Affirm’s network of 292,000 retail partners. “U-Pack has been helping people move for over 27 years and has earned a reputation for delivering an excellent customer experience,” said Andrew Schweizer, vice president of yield at ArcBest. “We’re excited ...
FORT SMITH, Ark.--(BUSINESS WIRE)-- 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 13, 2024, payable on August 27, 2024. ABOUT ARCBEST ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 15,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers wi...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that Seth Runser, president of ABF Freight, will become president of ArcBest effective August 1, 2024. Judy R. McReynolds will remain chief executive officer and chairman of the board. This press release features multimedia. View the full release here: Left to right: Matt Godfrey, Judy McReynolds, Seth Runser (Photo: Business Wire) Runser has been president of ABF Freight since 2021. In this role, he has navigated unprecedented change — guiding ABF through a global pandemic, successfully ...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ® (Nasdaq: ARCB) will announce its second quarter 2024 financial results before the market opens on Friday, August 2, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 4743250. Following the call, a recorded playback will be available through the end of the day on August 15, 2024. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 4743250. Th...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced its partnership with ® to offer the company’s first Employee Dependent Scholarship Program, providing recipients $2,000 per academic year. Applications for the 2024-2025 school year opened in January 2024, and 10 students were selected to receive ArcBest’s inaugural scholarship funding based on their academic record, leadership and participation in school and community activities, statement of educational and career goals, and financial need. "We're excited about partnering with Scho...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2023 revenue from continuing operations of $1.1 billion, compared to $1.3 billion in the third quarter of 2022. ArcBest’s third quarter 2023 operating income from continuing operations was $45.1 million, compared to $115.3 million in the third quarter of 2022, and net income from continuing operations was $34.9 million, or $1.42 per diluted share, compared to $88.6 million, or $3.49 per diluted share, in the prior-year period. ArcBest’s third quarter 2023 results were i...
FORT SMITH, Ark.--(BUSINESS WIRE)-- 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 November 8, 2023, payable on November 22, 2023. ABOUT ARCBEST ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with over 15,000 employees across nearly 250 campuses and service centers, the company is a logistics powerhouse fueled by the simple notion of finding a way to ge...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ® (Nasdaq: ARCB) will announce its third quarter 2023 financial results prior to the opening market on Friday, October 27, 2023. A conference call with company executives will be held that day at 9:00 a.m. EDT (8:00 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 916-9049. Following the call, a recorded playback will be available through the end of the day on December 15, 2023. To listen to the playback, dial (800) 633-8284 or (402) 977-9140 (for international callers). The conference ID for the playback is 220...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced that the company, in collaboration with the Fort Smith Symphony, is hosting a free concert Saturday, October 7, to celebrate ArcBest’s 100th year in business and the Symphony’s 100th season. The concert will take place on the front lawn of ArcBest’s headquarters located at 8401 McClure Drive in Fort Smith, Arkansas. Doors will open at 4:00 p.m., and the concert begins at 5:00 p.m. — attendees are encouraged to bring a lawn chair. For the combined 100th celebration performance, concert-g...
FORT SMITH, Ark.--(BUSINESS WIRE)-- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that the company has been named to the 2023 for the fourth consecutive year. ArcBest ranks No. 3 in Arkansas and No. 1 in the state’s transportation and logistics sector. The company was also named a top employer in Ohio, ranking No. 65. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. This press release features multimedia. View the full release here:
Downgrading Utilities and Staples to Market Weight We are starting to see some positive signals that suggest the lows for this bear market may have already been established, or at the very least, that additional downside is limited from here. At the same time, the S&P 500 remains in a 4-month downtrend, and the Russell 2000 (IWM) and Russell Micro-Caps (IWC) remain in 8.5-month downtrends. We need to see these indexes reverse their downtrends (get above 4030-4040 on SPX, $189 on IWM, and $115 o...
All Eyes On The Small Cap Russell 2000 We continue to believe we are nearing the end of the "mixed market environment," and the beginning of a new, broad-based bull market advance. With that said, we are still waiting for confirmation in the form of breakouts for small-caps (IWM) and Industrials (XLI) in order to turn bullish. Additionally, we would like to see MSCI China (MCHI) break above $74 resistance; this would be a major boon for risk sentiment. Semiconductors & Transports Breaking Out....
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Breakaway Gaps In Place Last week we noted some deterioration in market dynamics, all while reiterating our overall constructive outlook looking weeks and months ahead. The fact is, “perfectly bullish” conditions rarely exist, and a weight of the evidence approach is necessary. To that end, the positives continue to outweigh the negatives and our outlook remains constructive. · S&P 500 Breakaway Gap. The S&P 500 broke out to all-time highs this past Thursday, and yesterday displayed so...
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