Rate hikes, more tonnage boost net income, revenue at ArcBest

The City Wire Staff
The City Wire
November 03, 2014

Third quarter net income for Fort Smith-based ArcBest was $19.618 million, well ahead of the $13.982 million in the same quarter of 2013, and thanks in large part to an almost 10% gain in ABF Freight revenue.

Per share earnings of 72 cents missed the consensus estimate of 75 cents. Excluding a one-time charge for a pension settlement, the per share earnings were 74 cents.

Click here to read more at The City Wire.

Get Advice Join TDU Donate

Recent News

Zoom Call for IBT Election Volunteers on Saturday, August 14

TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register. 

Central States Assets Fall – But Relief is Coming!

The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

View More News Posts