Company Strategy and Performance - ArcBest leverages technology and a full suite of solutions to meet customer supply chain needs, addressing a $398 billion addressable market[8] - The company focuses on a three-point strategy: increasing efficiency, driving innovation, and accelerating growth to enhance shareholder value[11, 12, 13] - Cross-selling accounts yields over 3x higher revenue and profit compared to single-solution accounts, with customer retention rates 5 percentage points higher[29, 30, 32, 33] - ArcBest's strategy has improved the asset-based operating ratio by 240 bps compared to 2019[79] Technology and Innovation - The company is improving efficiency through technology, training, and network design, achieving a +1% increase in asset-based shipments/DSY hour and a +24% increase in asset-light shipments/employee/day[24] - Dynamic pricing improves as quotes grow, leading to approximately 50% more revenue per shipment since 2020[40] - Vaux Vision transforms forklifts into intelligent mobile dimensioners, capturing certified dimensions and shipment attributes[43] Q1 2025 Financial Results - ArcBest's consolidated revenue for Q1 2025 was $967 million, a decrease of 7% year-over-year[89, 90] - Non-GAAP earnings per diluted share for Q1 2025 were $0.51, a decrease of 62% year-over-year[91] - Asset-Based revenue in Q1 2025 was $646 million, with a 3% decrease per day[95] - Asset-Light revenue in Q1 2025 was $356 million, a decrease of 9% per day[109]

Company Performance - ArcBest reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.52 per share, and down from $1.34 per share a year ago, representing an earnings surprise of -1.92% [1] - The company posted revenues of $967.08 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.48%, and down from $1.04 billion year-over-year [2] - Over the last four quarters, ArcBest has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - ArcBest shares have lost approximately 36.7% since the beginning of the year, compared to a decline of -6% for the S&P 500 [3] - The current Zacks Rank for ArcBest is 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.57 on revenues of $1.08 billion, and for the current fiscal year, it is $5.87 on revenues of $4.3 billion [7] - The estimate revisions trend for ArcBest is currently unfavorable, which may change following the recent earnings report [6] Industry Context - The Transportation - Truck industry, to which ArcBest belongs, is currently in the bottom 5% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly impact stock performance [5][8]

Exhibit 99.1 Investor Relations Contact: Amy Mendenhall Media Contact: Autumnn Mahar Phone: 479-785-6200 Phone: 479-494-8221 Email: invrel@arcb.com Email: amahar@arcb.com ArcBest Announces First Quarter 2025 Results FORT SMITH, Arkansas, April 29, 2025 — ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today reported first quarter 2025 revenue of $967.1 million, compared to $1.0 billion in first quarter 2024. Net income from continuing operations was $3.1 million, or $0.13 per diluted share, co ...

The market expects ArcBest (ARCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. 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 Apr ...

Freight and logistics remain challenged amid the sticky inflation and softer demand. Even ArcBest Corporation (NASDAQ: ARCB ) , an industry player that has existed for nearly 60 years, cannot cushion the impact. Its weaker topline performance was evident in 2024. Despite allI have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logist ...

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Financial Performance - Revenues for 2024 were $4,179,019, a decrease of 5.6% from $4,427,443 in 2023[455] - Operating income increased to $244,434 in 2024, up 41.6% from $172,619 in 2023[455] - Net income from continuing operations was $173,361, representing a 22% increase compared to $142,164 in 2023[455] - Net income for 2024 was $173.961 million, a decrease of 10.9% from $195.433 million in 2023 and a significant drop from $298.209 million in 2022[460] - The company reported a total comprehensive income of $169,909 in 2024, down from $192,654 in 2023[457] - Total consolidated revenues decreased to $4.179 billion in 2024 from $4.427 billion in 2023, a decline of approximately 5.6%[622] - The Asset-Based segment generated revenues of $2.750 billion in 2024, down from $2.871 billion in 2023, a decrease of 4.2%[622] - The Asset-Light segment's revenues fell to $1.553 billion in 2024 from $1.681 billion in 2023, a decline of 7.6%[622] Assets and Liabilities - Total current assets decreased to $675,642 in 2024, down 23.6% from $884,783 in 2023[454] - Total assets decreased to $2,429,731 in 2024, down 2.2% from $2,485,094 in 2023[454] - Total stockholders' equity increased to $1,314,362 in 2024, up 5.8% from $1,242,363 in 2023[454] - Cash and cash equivalents decreased to $127,444 in 2024, down 51.4% from $262,226 in 2023[454] - Total accrued expenses increased to $394.9 million in 2024 from $378.0 million in 2023, driven by higher workers' compensation and casualty claims reserves[569] - Long-term debt as of December 31, 2024, totaled $189.1 million, an increase from $178.9 million in 2023, with a weighted-average interest rate of 4.6%[557] Cash Flow and Investments - The Company reported net cash provided by operating activities of $285.846 million in 2024, down from $322.167 million in 2023[460] - The Company purchased property, plant, and equipment totaling $223.103 million in 2024, compared to $219.021 million in 2023[460] - Cash and cash equivalents at the end of 2024 were $127.444 million, a decrease from $262.226 million at the end of 2023[460] - The fair value of the company's equity investment in Phantom Auto increased by $3.7 million in 2023[627] Market Risks - Future borrowings under the Credit Facility and A/R Securitization are at a SOFR based variable interest rate, exposing the company to interest rate risks[435] - The company is exposed to market risk from changes in interest rates, diesel fuel prices, and foreign currency exchange rates[433] - The company has not engaged in a program for fuel price hedging and had no fuel hedging agreements outstanding as of December 31, 2024[438] - The company has not entered into any foreign currency forward exchange contracts to hedge against adverse fluctuations in foreign currency exchange rates[440] Employee and Pension Obligations - The Company recognized discretionary contribution expenses of $11.5 million in 2024, compared to $13.1 million in 2023 and $19.1 million in 2022[580] - The Company reported a matching expense for nonunion 401(k) plans totaling $9.2 million in 2024, up from $7.1 million in 2023[580] - Approximately 4% of ABF Freight's multiemployer pension plan contributions in 2024 were made to plans in "critical and declining status" and 54% to plans in "critical status"[592] - The funded percentage of the Central States Pension Plan was reported at 98.5% as of January 1, 2023, despite being in critical status through 2051 due to SFA Program funding[599] Shareholder Returns - The Company declared dividends on common stock amounting to $11.295 million in 2024, slightly down from $11.542 million in 2023[460] - Dividends declared for 2024 were consistent at $0.12 per share across all four quarters, totaling approximately $11.3 million for the year[608] - In 2024, the company repurchased 654,707 shares for a total cost of $75.2 million, leaving $56.6 million remaining under the share repurchase program[611] Impairments and Write-offs - The company recorded a pre-tax, noncash impairment charge of $28.7 million for its equity investment in Phantom Auto in Q1 2024 due to the company's cessation of operations[530] - The accumulated impairment of goodwill remained at $20 million as of December 31, 2024, with no impairment identified during the annual evaluation[537] - The company recorded impairment charges for revenue equipment and software totaling $1.7 million in Q4 2024 as part of a strategic decision to adjust capacity[531] Revenue Recognition and Accounting Policies - The company recognizes revenue based on the expense incurred relative to each shipment's transit time, utilizing a bill-by-bill analysis for revenue recognition[501] - The company estimates variable consideration for discounts based on historical expectations, ensuring revenue recognition aligns with actual amounts earned[502] - The company has adopted an amendment to ASC Topic 280, enhancing disclosures of significant segment expenses, effective from the fourth quarter of 2024[515]

Core Viewpoint - The Zacks Transportation-Truck industry is currently facing significant challenges, including weak freight rates, driver shortages, inflation, and ongoing supply-chain disruptions, which are impacting its overall performance and outlook [1][4][6]. Industry Overview - The Zacks Transportation-Truck industry consists of truck operators that transport freight across North America, offering various services such as full-truckload and less-than-truckload (LTL) [3]. - Companies in this industry also provide logistics, intermodal services, and value-added services like supply-chain consulting and warehousing [3]. Current Trends - Supply-chain disruptions and weak freight rates are negatively affecting the industry, with the Cass Freight Shipments Index declining by 8.2% year over year in January, indicating a consistent downward trend throughout 2024 [4]. - The industry is experiencing a prolonged truck-driver shortage, with an expected shortfall of over 160,000 drivers by 2030, exacerbating supply-chain challenges [6]. Financial Performance - Companies in the industry are returning value to shareholders through dividends and buybacks, reflecting their financial strength. For instance, Old Dominion Freight Line (ODFL) announced an increase in its quarterly dividend [5]. - The Zacks Transportation-Truck industry has underperformed the S&P 500, declining by 31.7% over the past year compared to the S&P 500's increase of 19.7% [11]. Valuation Metrics - The industry is currently trading at an EV-to-EBITDA ratio of 17.1X, slightly below the S&P 500's 17.52X but above the sector's 11.11X [13]. Company Highlights - **Forward Air Corporation (FWRD)**: This asset-light freight and logistics company is focused on growth through acquisitions, recently acquiring Edgmon Trucking. The Zacks Consensus Estimate for its 2025 earnings has been revised upward by 8.3% [15]. - **ArcBest Corporation (ARCB)**: The company is improving productivity and service quality, expecting a 11.5% increase in its 2025 earnings per share compared to 2024 [18]. - **Old Dominion Freight Line (ODFL)**: Known for its shareholder-friendly measures, ODFL anticipates a 3.7% increase in its 2025 earnings per share from 2024 [20].

Core Insights - ArcBest reported revenue of $1 billion for the quarter ended December 2024, reflecting an 8.1% decrease year-over-year, with EPS at $1.33 compared to $2.47 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $997.94 million by 0.37%, while the EPS surpassed the consensus estimate of $1.05 by 26.67% [1] Financial Performance Metrics - Asset-Based billed revenue per CWT was $49.27, slightly above the average estimate of $48.86 [4] - Asset-Light operating ratio was reported at 100.4%, better than the average estimate of 102.1% [4] - Asset-Based shipments per day were 19,698 tons, compared to the estimated 19,865.21 tons [4] - Asset-Based operating ratio (Non-GAAP) was 92%, compared to the average estimate of 93% [4] - Asset-Based workdays were consistent at 62, matching the average estimate [4] - Asset-Based pounds per shipment were 1,092 lbs, slightly below the average estimate of 1,098.08 lbs [4] - Asset-Based tons per day were reported at 10,758 tons, lower than the average estimate of 10,906.58 tons [4] - Asset-Light operating ratio (Non-GAAP) was 101.6%, close to the average estimate of 101.7% [4] - Revenues from Asset-Based operations were $656.22 million, slightly above the estimate of $653.87 million, but down 7.6% year-over-year [4] - Revenues from Asset-Light operations were $375.43 million, below the average estimate of $376.19 million, representing a 9.2% decline year-over-year [4] - Revenues from other and eliminations were -$30.01 million, better than the estimate of -$31.83 million, with an 11.4% decrease compared to the previous year [4] Stock Performance - ArcBest shares returned +2.8% over the past month, slightly underperforming the Zacks S&P 500 composite's +2.9% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]

Earnings Presentation Three-Point Strategy Continues to Deliver Shareholder Value & Drive Business Growth 1 2 3 Increase Efficiency Leverage technology Optimize ABF network Drive scale and productivity to improve Asset-Light operating margin Drive Innovation Develop and implement disruptive and game changing innovations Launch new revenue streams Co-create and scale with customers Accelerate Growth Secure new customers to maximize profitability Expand with existing customers through market penetration Retai ...