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ArcBest's profit jumped 79.45% last quarter, thanks to cost cuts and more demand for freight.

ResultsRead the original at Benzinga
Good for ARCB

ArcBest reported higher profit, sales and results from both freight businesses. Higher wages, benefits, fuel and transportation costs add pressure, but the broad gains and stronger cash flow point to a stronger outlook.

ARCB · ArcBest Corp.

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The AI's read

Both freight businesses brought in more revenue, and the Asset-Light business earned much more from its work. Cost savings and stronger cash flow also helped. Higher wages, benefits, fuel and purchased transportation raised costs, but the reported gains across the business point to a stronger outlook.

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