Core Insights - ArcBest reported a net loss of $8.1 million in Q4 2025, a significant decline from a net income of $29.0 million in Q4 2024, primarily due to a $9.1 million noncash impairment charge [2][3] - For the full year 2025, revenue decreased to $4.0 billion from $4.2 billion in 2024, with net income dropping to $60.1 million from $173.4 million in the previous year [3][4] Financial Performance - Q4 2025 revenue was $972.7 million, down from $1.0 billion in Q4 2024, with a diluted loss per share of $0.36 compared to earnings of $1.24 per share in the prior year [2][24] - Full year 2025 net income was $60.1 million, or $2.62 per diluted share, compared to $173.4 million, or $7.28 per diluted share, in 2024 [3][24] - On a non-GAAP basis, Q4 2025 net income was $8.2 million, or $0.36 per diluted share, down from $31.2 million, or $1.33 per diluted share, in Q4 2024 [2][3] Operational Highlights - The company experienced tonnage growth in Q4 2025, driven by an increase in daily shipments from newly onboarded core LTL customers, although existing customer shipments showed softness [5][6] - Customer contract renewals and deferred pricing agreements averaged a 5.0% increase in Q4 2025, but billed revenue per hundredweight declined approximately 3% year-over-year [6][7] - Operating expenses rose due to additional labor, annual wage adjustments, and higher equipment depreciation [6][7] Segment Performance - In the Asset-Based segment, revenue for the full year 2025 was $2.7 billion, down from $2.8 billion in 2024, with a per-day decrease of 0.2% [12][32] - The Asset-Light segment saw a revenue decline primarily due to lower revenue per shipment in a soft-rate environment, although shipments per day increased slightly [8][11] - Despite revenue declines in the Asset-Light segment, disciplined cost management led to breakeven non-GAAP operating results [8][9] Capital Management - ArcBest returned over $86 million to shareholders in 2025 through share repurchases and dividends, while maintaining a focus on organic capital investments [14] - Total net capital expenditures in 2025 were $198 million, with significant investments in revenue equipment and real estate [13]

Board Changes - ArcBest has appointed Ann Bordelon and Bobby George as independent directors on its Board, both of whom will serve on the Audit Committee [1] - Fredrik Eliasson and Kathy McElligott will retire from the board effective February 28, 2026, along with Craig Philip on January 28, 2026, resulting in a board of ten directors, eight of whom will be independent [2] New Board Members - Ann Bordelon brings over 36 years of finance experience, currently serving as Executive Vice Chancellor – Finance & Administration at the University of Arkansas, and has held significant roles at Walmart and NOWDiagnostics, enhancing the board's financial expertise [3] - Bobby George has over 25 years of experience in tech strategy and digital innovation, currently serving as Senior Vice President & Chief Digital Officer at Carrier, and has held leadership positions at General Electric and St. Jude Medical, contributing valuable IT expertise to the board [4] Strategic Focus - The addition of Bordelon and George is aimed at sharpening the board's strategic oversight as ArcBest continues to execute its growth plans, emphasizing excellence in governance and ongoing board refreshment [5] - ArcBest is committed to best-in-class corporate governance and is focused on advancing its strategic pillars, which include accelerating profitable growth, increasing efficiency, and driving innovation [6] Company Overview - ArcBest is a multibillion-dollar integrated logistics company founded in 1923, employing 14,000 people across 250 campuses and service centers, and is recognized for its technology and expertise in connecting shippers with logistics solutions [7] - The company is developing innovative technologies, such as Vaux, which was recognized as one of TIME's Best Inventions of 2023, to help customers navigate supply chain challenges [8]

Core Points - ArcBest has appointed Chris Sultemeier to its Board of Directors, effective October 29, 2025, following the retirement of Dr. Craig E. Philip in January 2026 [1][2][3] Group 1: Board Changes - Chris Sultemeier brings over 30 years of experience in logistics and transportation, having served as EVP of Logistics and President and CEO of Walmart Transportation [2][3] - Dr. Craig E. Philip has been a director since 2011 and has contributed valuable insights through his engineering background and extensive experience in transportation and logistics [3][5] - Eduardo Conrado has been appointed as the lead independent director, succeeding Steve Spinner [4][5] Group 2: Strategic Importance - The appointment of Sultemeier aligns with ArcBest's commitment to enhancing long-term sustainable value for shareholders by incorporating diverse perspectives [2][5] - The board changes are part of an ongoing assessment of board size, composition, and the balance of skills, with further updates expected [5] Group 3: Company Overview - ArcBest is a multibillion-dollar integrated logistics company founded in 1923, employing over 14,000 people across 250 campuses and service centers [6][7] - The company focuses on connecting shippers with various transportation solutions and is committed to innovation in supply chain management [7]

Company Overview - ArcBest is a leading integrated logistics company with an addressable market of approximately $400 billion[16] - The company has extensive United States coverage with 99% reach[16] - ArcBest has a diversified customer base, with the top 10 customers accounting for only 13% of 2024 consolidated revenues[20] Financial Performance & Targets - ArcBest's revenues increased from $2.8 billion in 2019 to $4.2 billion in 2024, a 49% increase[100] - Operating income grew from $112 million in 2019 to $203 million in 2024, an 81% increase[100] - Earnings per share increased from $2.96 in 2019 to $6.28 in 2024, a 112% increase[100] - The company targets an Asset-Based Non-GAAP Operating Ratio of 87%-90% by 2028[249] - ArcBest aims for Asset-Light Non-GAAP Operating Income between $40 million and $70 million by 2028[249] - The company projects Non-GAAP Diluted EPS between $12 and $15 and annual operating cash flow between $400 million and $500 million[250, 251] Strategic Growth & Innovation - Customers using both Asset-Light and Asset-Based services represent over 70% of the customer base[56] - Revenue and profit per account are over 3 times higher on cross-sold accounts[58]