ArcBest, LTLs still waiting on recovery
ArcBest is continuing to prep its less-than-truckload network and asset-light business for an eventual recovery. The company is hoping the implementation of better technology tools, along with structural cost takeouts, will amplify returns when demand improves. ArcBest (NASDAQ: ARCB) reported a fourth-quarter headline net loss of $8.1 million, or 36 cents per share, on Friday ahead of the market open. The number included a noncash impairment charge in its asset-light business and other one-off items. Adju ...