ArcBest addresses concerns of capacity pressure in the market, reports improved first-quarter earnings.

From Yahoo Finance: 2025-04-29 14:39:00

Less-than-truckload transportation provider ArcBest addressed concerns of capacity pressure in the market, describing it as rational. The company reported first-quarter adjusted earnings per share of 51 cents, slightly better than consensus estimates. Yields for the asset-based unit saw a 1.7% y/y increase, with tonnage improving in April but yields turning negative. ArcBest is taking on more TL freight and adopting a dynamic pricing model. The company anticipates seasonal demand uptick in the second quarter and is focused on efficiency programs to reduce costs. Shares of ARCB were down 5.1% on Tuesday.



Read more at Yahoo Finance: ArcBest says LTL pricing not under attack