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ArcBest shared its earnings for the third quarter, showing a 15% rise in revenue to $1.2 billion.

ResultsRead the original at Benzinga
Good for ARCB

ArcBest's sales, adjusted profit per share, and operating income rose, and it expects $7 million to $10 million in fourth-quarter asset-light operating income. Shipment counts slipped modestly, but heavier shipments, lower costs, and stronger freight conditions supported the gains.

ARCB · ArcBest

AI read · Good for ARCB

The AI's read

Lower costs from July's organizational changes and tighter freight conditions helped lift ArcBest's profit. Better pricing and contract renewals averaging a 5.1% increase also helped. Shipment counts slipped modestly, but heavier shipments and expected fourth-quarter asset-light profit support a positive reading.

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