ArcBest Raises Q2 Outlook for LTL and Asset-Light Units
ArcBest (NASDAQ: ARCB) raised its second-quarter outlook for both asset-based and asset-light units, citing disciplined pricing execution, fuel surcharge benefits from higher diesel prices, and cost optimization. The company expects a significant sequential improvement in operating ratios due to these factors.
Tickers: $ARCB
Topics: asset-light operations fuel surcharge logistics LTL freight