Several factors have dimmed the sentiment of the Zacks Transportation - Truck industry. These factors include worries regarding global economic growth and reduced freight demand. Truck driver shortages and supply-chain woes act as deterrents. Despite macroeconomic challenges causing uncertainty in demand, the industry demonstrates resilience, especially for companies prioritizing growth and operational efficiency. Among the companies in the industry that will probably survive the business challenges are J.B ...

Company Performance - ArcBest (ARCB) shares increased by 6% to $146.23 in the last trading session, contrasting with a 1.7% loss over the past four weeks [1] - Year-to-date, ArcBest's shares have gained 21.7%, attributed to the company's automation efforts in the supply chain and operational efficiencies [1] - The upcoming quarterly earnings are expected to be $1.66 per share, reflecting a year-over-year increase of 5.1%, while revenues are projected at $1.04 billion, down 5.6% from the previous year [1] Earnings Estimates and Trends - The consensus EPS estimate for ArcBest has been revised 1.1% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] Industry Context - ArcBest operates within the Zacks Transportation - Truck industry, where peers like Saia (SAIA) have also shown performance fluctuations, with SAIA closing 0.8% lower at $601.36 and returning 13% over the past month [2] - Saia's consensus EPS estimate has increased by 0.3% to $3.38, representing an 18.6% change compared to the previous year [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023. ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Common Stock, $0.01 Par Value ARCB The Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act: None (Title of Class) Indi ...

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Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with ArcBest (ARCB) identified as a strong candidate due to its favorable growth metrics and Zacks Rank [1][6]. Group 1: Earnings Growth - ArcBest has a historical EPS growth rate of 41.4%, with projected EPS growth of 30.2% for the current year, significantly outperforming the industry average of 11.9% [3]. Group 2: Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets ratio) of 1.81, indicating it generates $1.81 in sales for every dollar in assets, compared to the industry average of 1.16 [4]. - ArcBest's sales are expected to grow by 3% this year, surpassing the industry average growth of 2.8% [4]. Group 3: Earnings Estimate Revisions - The current-year earnings estimates for ArcBest have been revised upward, with the Zacks Consensus Estimate increasing by 1.2% over the past month, indicating positive momentum [5]. Group 4: Overall Assessment - ArcBest has achieved a Growth Score of A and holds a Zacks Rank of 2, suggesting it is a solid choice for growth investors and a potential outperformer in the market [6][7].

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FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced the next step in its first-of-its-kind Vaux suite: Vaux Smart Autonomy. The offering combines autonomous mobile robot (AMR) forklifts and reach trucks, intelligent software and remote teleoperation capabilities to autonomously handle materials movement within warehouses, distribution centers and manufacturing facilities — all while keeping humans in the loop. Vaux Smart Autonomy is the only autonomou ...

Trucking company ArcBest (ARCB 8.45%) managed to navigate past speedbumps, including demand questions and market disruptions, and still deliver earnings that were above expectations. Investors were excited, sending shares of ArcBest up as much as 12.4% for the day and up 8.5% as of 12:30 Eastern Tuesday.A focus on costs drives an earnings beatArcBest earned $2.47 per share in its fourth quarter on revenue of $1.1 billion, surpassing Wall Street expectations for $2.21 per share in earnings on sales of $1.09 ...

Financial Data and Key Metrics Changes - In Q4 2023, the company generated $1.1 billion in revenue, down 6% year-over-year, primarily due to lower revenue in the Asset Light segment [12] - Full year 2023 revenue was $4.4 billion, down from record levels in 2022, with non-GAAP operating income at $258 million and adjusted earnings per share at $7.88, both down from the prior year [12][18] - Non-GAAP operating income for Q4 was $81.7 million, comparable to the same period last year, with adjusted earnings per share slightly increasing to $2.47 from $2.42 [12][18] Business Line Data and Key Metrics Changes - Asset-Based revenue in Q4 was $710 million, consistent with the same quarter last year, with an improved non-GAAP operating ratio of 87.7%, a 90 basis point improvement year-over-year [13][14] - In the Asset Light segment, Q4 revenue was $413 million, down 14% year-over-year, while shipments per day increased by 12% [17] - For the full year 2023, Asset Light revenue was $1.7 billion, down 21% from 2022, with a non-GAAP operating income of $5 million [17] Market Data and Key Metrics Changes - Preliminary January 2024 results indicated a decline in total shipments and tonnage from 2023 levels due to lower transactional shipments [15][18] - The company experienced about 130 service center closures in January due to extreme winter weather, significantly higher than the 10-year average of 57 closures [27] Company Strategy and Development Direction - The company is focused on investing in technology and operational excellence while navigating a slower freight market [7][24] - A five-year labor agreement was finalized, and the company is expanding its asset-based capacity through service center facility plans [8][9] - The company aims to enhance its integrated logistics solutions and is evaluating additional real estate investment opportunities [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market challenges and emphasized a focus on long-term growth and profitability [23][24] - The company is optimistic about its core business growth and has implemented cost controls to manage expenses effectively [32][33] - Management highlighted the importance of customer feedback and the launch of new digital tools to improve service visibility [25][71] Other Important Information - The company returned over $100 million to shareholders through dividends and share repurchases in 2023 [9][22] - The company plans to increase net capital expenditures in 2024 to between $325 million and $375 million, including investments in revenue equipment and real estate [20] Q&A Session Summary Question: Impact of January trends and weather - Management noted that January's weather was more extreme than usual, with 130 service center closures compared to a 10-year average of 57 [27] Question: Seasonal trends and operating ratio - Management discussed the typical seasonal increase in operating ratio from Q4 to Q1 and highlighted the impact of market disruptions and cost controls [30][32] Question: Capital expenditures and competitive risks - Management emphasized a purposeful capital expenditure plan and the strategic acquisition of facilities to enhance efficiency and growth opportunities [38][39] Question: Core vs. transactional business mix - Management indicated a focus on optimizing the mix between core and transactional business, with a preference for core business growth [64][69] Question: Service levels and customer perception - Management acknowledged the need for improvement in service perception and highlighted ongoing efforts to enhance communication and service quality [70][71]

For the quarter ended December 2023, ArcBest (ARCB) reported revenue of $1.09 billion, down 12.4% over the same period last year. EPS came in at $2.47, compared to $2.45 in the year-ago quarter.The reported revenue represents a surprise of +0.80% over the Zacks Consensus Estimate of $1.08 billion. With the consensus EPS estimate being $2.19, the EPS surprise was +12.79%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...