Exhibit 99.1 Investor Relations Contact: Amy Mendenhall Media Contact: Autumnn Mahar Title: Vice President – Treasury & Investor Relations Phone: 479-785-6200 Title: Director External Communications and Public Relations Email: invrel@arcb.com Phone: 479-494-8221 Email: amahar@arcb.com ArcBest Announces Second Quarter 2024 Results Strong gains in productivity and service metrics ● Delivered second quarter 2024 net income of $46.9 million, or $1.96 per diluted share, and nonGAAP net income of $47.4 million, o ...

The market expects ArcBest (ARCB) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Aug ...

LOS ANGELES, June 13, 2024 (GLOBE NEWSWIRE) -- SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe, today announced that ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, has received “Robotics Innovation of the Year” in the annual SupplyTech Breakthrough Awards program. ArcBest’s Vaux is material handling technology ...

Core Insights - ArcBest has been awarded "Robotics Innovation of the Year" by SupplyTech Breakthrough for its Vaux technology, which enhances supply chain logistics through advanced automation solutions [1][5]. Company Overview - ArcBest is a multibillion-dollar integrated logistics company founded in 1923, employing 15,000 people across 250 campuses and service centers, focusing on connecting shippers with various transportation solutions [7]. - The company has a history of innovation and is committed to developing technologies that address current and future supply chain challenges [7][8]. Technology Details - Vaux technology includes the Vaux Freight Movement System™ and Vaux Smart Autonomy™, which utilize autonomous mobile robots (AMRs) to improve material handling efficiency in warehouses and distribution centers [2][3]. - The Vaux Freight Movement System allows for the unloading of an entire trailer in under five minutes, significantly enhancing operational efficiency [2]. - Vaux Smart Autonomy prioritizes safety with built-in protocols and obstacle detection, reducing the risk of accidents and injuries associated with traditional material handling [3][4]. Market Impact - The Vaux system enables data-driven decision-making by syncing with warehouse management systems, providing insights into performance metrics and optimizing workflows [4]. - The technology is designed to adapt to various facility conditions and processes, allowing businesses to implement automation without significant structural changes, thus making it a cost-effective solution [6]. Industry Recognition - The SupplyTech Breakthrough Awards program evaluates top technology companies and products in the supply chain and logistics industry, with this year's program receiving thousands of nominations from over 15 countries [5][9].

Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List, indicating a negative outlook for these companies based on recent earnings estimate revisions [1] Company Summaries - **ArcBest (ARCB)**: This company provides freight transportation services and solutions. The Zacks Consensus Estimate for its current year earnings has been revised downward by 16.2% over the last 60 days [1] - **Atlantic Union Bankshares (AUB)**: This company offers banking services to consumers and businesses. The Zacks Consensus Estimate for its current year earnings has been revised downward by almost 9% over the last 60 days [1] - **B&G Foods (BGS)**: This company manufactures, sells, and distributes high-quality, shelf-stable, frozen food and household products across the United States, Canada, and Puerto Rico. The Zacks Consensus Estimate for its current year earnings has been revised downward by 6% over the last 60 days [1]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ARMOUR Residential REIT, Inc. (ARR) invests in residential mortgage-backed securities. The Zacks Consensus Estimate for its current year earnings has been revised 18.6% downward over the last 60 days.ArcBest Corporation (ARCB) is a freight transportation and integrated logistics services company. The Zacks Consensus Estimate for its current year earnings has been revised 16.2% downward over the last 60 days.B&G Foods, Inc. (BGS) is a ...

Core Viewpoint - Transportation stocks are currently underperforming, with the Dow Jones Transportation Index up only 5% over the past six months compared to the S&P 500's 18% gain, suggesting a potential sell-off in this sector [1] Group 1: Transportation Stocks Overview - The transportation sector is sensitive to fuel price hikes, regulatory changes, and economic conditions, leading to a recommendation to consider selling transportation stocks [1] - Major transportation companies have missed earnings expectations despite a generally positive earnings season for corporate America [1] - The Biden administration's new rule for automatic cash refunds to airline passengers is negatively impacting the transportation sector [1] Group 2: Company-Specific Analysis Southwest Airlines (LUV) - Southwest Airlines experienced a strong recovery during the pandemic but is now facing rising labor costs and inflation, which have reduced its profitability margins [2] - The airline received only 20 jets this year instead of the forecasted 84, complicating its revenue growth efforts [2] - The company reported a significant miss in both top and bottom lines for Q1 earnings, indicating a challenging near-term outlook [2] JB Hunt (JBHT) - JB Hunt has missed earnings estimates in five out of the last six quarters, resulting in a year-to-date stock decline of over 14% [3][4] - The trucking industry is experiencing overcapacity, leading to intensified pricing pressures that are negatively affecting JB Hunt's bottom line [4] - The Intermodal segment is particularly struggling, with a 0.2% year-over-year drop in volume growth, indicating a loss of competitive edge [4] ArcBest (ARCB) - ArcBest's stock surged by 34% last year despite weak fundamentals, with net income dropping from $298.2 million to $195.4 million in 2023 [5][6] - The company reported a 3% year-over-year sales decline in Q1 amidst a softer freight environment, with total daily tonnage down by 16.8% [6] - The long-term strategies of ArcBest are unlikely to provide immediate relief, given the current operational challenges [5][6]

ArcBest (ARCB) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower after a recent earnings miss.  The company is best known for its freight transportation services and solutions. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionArcBest Corporation provides freight transportation services and solutions. The company's Freight Transportation segment offers transportation of general commodities; motor carrier freight transpor ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 000-19969 ARCBEST CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of in ...

ArcBest Corporation (NASDAQ:ARCB) Q1 2024 Earnings Conference Call April 30, 2024 9:30 AM ET Company Participants David Humphrey - VP, IR Judy McReynolds - Chairman, President & CEO Matt Beasley - CFO Seth Runser - President-ABF Freight Conference Call Participants Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Ken Hoexter - Bank of America Merrill Lynch Daniel Imbro - Stephens Brian Ossenbeck - JPMorgan Ben Mohr Mok - Deutsche Bank Tom Wadewitz - UBS Stephanie Moore - J ...