ArcBest Announces Layoffs and Closure of 10 LTL Terminals
ArcBest is restructuring by reducing its workforce by approximately 2% and closing 10 less-than-truckload (LTL) terminals. The changes are expected to generate $40 million in annualized cost savings, though the company clarified these savings will support previously issued financial targets for 2028 rather than represent incremental improvements.
Tickers: $ARCB
Topics: cost savings layoffs logistics restructuring