ArcBest Corporation (NASDAQ:ARCB) Q4 2022 Earnings Conference Call February 3, 2023 9:30 AM ET Company Participants David Humphrey - Vice President, Investor Relations Judy McReynolds - Chairman, President, and Chief Executive Officer David Cobb - Chief Financial Officer Danny Loe - President of Asset-light Logistics, and Chief Yield Officer Dennis Anderson - Chief Customer Officer Conference Call Participants Chris Wetherbee - Citigroup Ravi Shanker - Morgan Stanley Jason Seidl - Cowen Jordan Alliger - Gol ...

Earnings Presentation 4Q'22 Forward Looking Statements Certain statements and information in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. Terms such as "anticipate," "believe," "could," "estimate," "e ...

ArcBest Corporation (NASDAQ:ARCB) Q3 2022 Earnings Conference Call November 1, 2022 9:30 AM ET Company Participants David Humphrey – Vice President-Investor Relations Judy McReynolds – Chairman, President and Chief Executive Officer David Cobb – Chief Financial Officer Danny Loe – President-Asset-light Logistics & Chief Yield Officer Dennis Anderson – Chief Customer Officer Conference Call Participants Chris Wetherbee – Citigroup Jordan Alliger – Goldman Sachs Jack Atkins – Stephens Incorporated Jason Seidl ...

ArcBest Corporation (NASDAQ:ARCB) Q2 2022 Earnings Conference Call July 29, 2022 9:30 AM ET Company Participants David Humphrey - Vice President, Investor Relations Judy McReynolds - Chairman, President & Chief Executive Officer David Cobb - Chief Financial Officer Dennis Anderson - Chief Customer Officer Danny Loe - President, Asset-light Logistics & Chief Yield Officer Conference Call Participants Chris Wetherbee - Citi Jack Atkins - Stephens Ken Hoexter - BOA Todd Fowler - KeyBanc Capital Markets Jordan ...

Financial Data and Key Metrics Changes - ArcBest achieved record revenues of $1.3 billion, a 60% increase year-over-year [16] - Non-GAAP consolidated operating income increased by 166% to $109 million [16] - Adjusted earnings per diluted share grew by 191% to $3.08 [16] Business Line Data and Key Metrics Changes - Asset-Based revenue for Q1 was $705 million, a 26% increase compared to the previous year [17] - Non-GAAP asset-based operating ratio improved by 570 basis points to 87.7% [17] - Asset-Light revenue increased by 115% year-over-year, with non-GAAP operating income up 163% [19] Market Data and Key Metrics Changes - Daily tonnage in the Asset-Based segment increased by 3.6% [17] - Total billed revenue per hundredweight increased by 21%, including higher fuel surcharges [17] - Preliminary April 2022 data showed strong trends in tonnage and shipments, reflecting some of the best year-over-year changes in 11 years [18] Company Strategy and Development Direction - The company continues to focus on a three-point strategy aimed at sustainable value creation, emphasizing investments in people, solutions, and technology [8][10] - The integration of MoLo is progressing well, enhancing customer relationships and operational capacity [13] - Partnerships, such as with Phantom Auto, align with long-term goals and innovation efforts [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic direction and growth prospects despite macroeconomic uncertainties [8] - The company is well-positioned to navigate market volatility due to its balanced mix and customer-led strategy [15] - Management highlighted the importance of ongoing investments in technology and employee development to sustain growth [10][12] Other Important Information - The company ended Q1 with $101 million in unrestricted cash and short-term investments, and total liquidity of $303 million [20] - A $100 million accelerated share repurchase was completed, with an additional $17 million purchased in Q1 [21] - The quarterly dividend was increased from $0.08 to $0.12 per share, reflecting confidence in sustainable cash flows [21][22] Q&A Session Summary Question: Volume environment on the LTL side - Management noted that customers are still experiencing labor shortages impacting supply chains, but demand remains strong [36] Question: Sustainability of pricing environment - Management acknowledged that while comps will become more challenging, they are focused on providing value to customers [38] Question: Integration of MoLo and its impact - The integration is progressing well, with improved access to capacity and better service for customers [50] Question: Wage and benefit inflation - Wage and health benefit increases are averaging about 2%, with potential for margin improvement due to pricing exceeding inflation [57][59] Question: Impact of inflation on trucking business - Management highlighted that fuel surcharges are a significant factor, and they are engaging customers in supply chain optimization discussions [78] Question: Technology initiatives for the year - The company is investing significantly in strategic technology initiatives, including city route optimization and dock scheduling [86]