ArcBest Announces Closure of Service Centers and Workforce Reduction as Part of Restructuring Plan
ArcBest is closing 10 service centers in smaller markets, reducing its workforce by 2%, and consolidating operations under a unified brand to improve efficiency. The restructuring aims to save $40 million annually but will incur initial implementation costs exceeding that amount.
Tickers: $ARCB
Topics: logistics restructuring transportation workforce reduction