ArcBest Reports Accelerated Tonnage Growth and Raises Q3 Asset-Light Guidance
Transportation company ArcBest (NASDAQ: ARCB) reported stronger-than-expected performance for its asset-light segment in August, leading to an upward revision of third-quarter guidance. The firm noted a 9% year-over-year increase in tonnage driven by higher shipment weights despite a decline in the number of shipments. This growth was supported by improved demand across industrial sectors and tight truckload market conditions. The company's asset-based unit also saw revenue per day rise, with diesel prices contributing to increased costs but not deterring overall performance. Meanwhile, ArcBest raised its adjusted operating income forecast for the asset-light segment from $6 million–$8 million to $10 million–$12 million due to yield discipline and productivity improvements. The update highlights continued strength in logistics demand amid a broader manufacturing expansion as indicated by ISM's PMI. The results offer insight into LTL trucking, where public data is limited.
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