ARCB - ア―クベスト （ArcBest Corporation） ア―クベスト

Cowen & Co. Stick to Their Buy Rating for ArcBest Corporation

This is an excerpt from Thursday's (3/12) Point of Sale retail supply chain newsletter sponsored by ArcBest. Retailers are stuck between playing the ocean waiting game and ponying up for air cargo. The number of container ships in San Pedro Bay has hovered around 30 since the start of the year and levels remain stubbornly high. As of Wednesday, there were 31 at anchor. The CMA CGM Marco Polo — with a capacity of 16,022 twenty-foot equivalent units (TEUs) — has been stuck at anchor the longest, since Feb. 27. The median time a container ship spent anchored outside the port last week was just over 7.5 days before it could head to berth. The Ports of Los Angeles and Long Beach have received the lion's share of media attention given their scale and importance to the U.S. consumer, but it is a common story playing out around the country (and the world). Up the coast of California, ship-positioning data from MarineTraffic showed 13 ships at anchor off Oakland as of Wednesday. Even further to the north, MarineTraffic data showed 11 ships at anchor off Vancouver in British Columbia, as Asian exports to the U.S. are flowing heavily through Canada as well.

This is an excerpt from Tuesday's (3/9) Point of Sale retail supply chain newsletter sponsored by ArcBest. Instacart had a crazy year. Capped off by last week's funding announcement of another $265 million at a valuation of $39 billion (more than 4x where it was to begin 2020), Instacart has seen every piece of its business explode over the past 12 months. By some accounts, the 8-year-old company now has roughly 50% of the online grocery market. With an IPO almost guaranteed this year, I wanted to look back at how Instacart has gone from niche to necessity and question whether it can maintain this dominant position in a highly competitive, highly sought-after market post-COVID. Instacart was not Apoorva Mehta's first startup attempt. In fact, he tried his hand at more than 20 low-budget technology startups, but all either failed or eventually lost his interest. There is a story involving a lone Sriracha bottle in his empty fridge, leading to him and two of his startup friends launching Instacart to solve for quick grocery deliveries for people who, like him, lived far from supermarkets and didn't own cars.

FORT SMITH, Ark., March 9, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce it was recently awarded a Bronze medal for its 2021 sustainability rating from EcoVadis. EcoVadis monitors sustainability in global supply chains by rating…

This is an excerpt from Thursday's (3/4) Point of Sale retail supply chain newsletter sponsored by ArcBest. Ordering apparel inventory is hard. In normal times, retailers order inventory upwards of six months in advance, hoping what they ordered isn't out of fashion by the time it hits the shelves. Although consumer preferences changed rapidly, at least overall demand was steady and predictable. COVID has and continues to rampage through the apparel industry, suppressing demand for pretty much everything besides athleisure. Over the summer, retailers had difficult planning decisions to make. Remember back to May, June and July… We had no idea what to expect. Vaccines were barely dreamed of but we had just come through what we believed was "it" (the first wave). Optimism was brewing, the stock market was rebounding quickly, consumer confidence was growing and consumers were flush with the first round of stimulus. There were many variables apparel companies could have pointed to as evidence for normal, or even slightly higher holiday ordering.

FORT SMITH, Ark., Feb. 2, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported fourth quarter 2020 revenue of $816.4 million compared to fourth quarter 2019 revenue of $717.4 million. ArcBest's fourth quarter 2020 operating income was $30.3…

Logistics provider ArcBest Corp. (NASDAQ: ARCB ) announced Monday that Tim Thorne, president of its less-than-truckload carrier, ABF Freight, will retire at the end of June. The division's current VP of linehaul operations, Seth Runser, will succeed Thorne in the role. Runser has been promoted to the new role of chief operating officer at ABF Freight effective Feb. 1 and will take the helm of the division on July 1. Thorne's 31-year career with ABF started as a supervisor assistant in 1990. He would go on to manage service centers, run operations in Utah as a regional vice president and head ABF's linehaul operations before becoming president in 2014. His tenure saw many milestones, including the ratification of the 2018 labor agreement with Teamsters … Full story available on Benzinga.com

FORT SMITH, Ark., Jan. 8, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) will announce its fourth quarter 2020 financial results prior to the opening market on Tuesday, February 2, 2021. A conference call with company executives will be held that day at 9:30 a.m. ET (8:30 a.m. CT) to…

SAN FRANCISCO–(BUSINESS WIRE)–Doctor On Demand, the nation’s leading virtual care provider, and ArcBest (Nasdaq: ARCB), a multibillion-dollar leader in supply chain logistics, today announced a partnership to offer a new Virtual Primary Care health plan benefit to its employees and their dependents nationwide. The partnership expands on the existing urgent care and behavioral health services… Read More »ArcBest Partners With Doctor On Demand to Roll out New Virtual Primary Care Benefit Nationwide

FORT SMITH, Ark. , Dec. 7, 2020 /PRNewswire/ -- ArcBest ® (NASDAQ: ARCB ), a leader in supply chain logistics, is pleased to announce that its less-than-truckload carrier ABF Freight® has been recognized as a 2021 Military Friendly® Employer. "At ArcBest and ABF, we are proud to support our military veterans as they transition out of the service and into opportunities that … Full story available on Benzinga.com

SAN FRANCISCO–(BUSINESS WIRE)–Doctor On Demand, the nation’s leading virtual care provider, and ArcBest (Nasdaq: ARCB), a multibillion-dollar leader in supply chain logistics, today announced a partnership to offer a new Virtual Primary Care health plan benefit to its employees and their dependents nationwide. The partnership expands on the existing urgent care and behavioral health services… Read More »ArcBest Partners With Doctor On Demand to Roll out New Virtual Primary Care Benefit Nationwide

FORT SMITH, Ark. , Dec. 7, 2020 /PRNewswire/ -- ArcBest ® (NASDAQ: ARCB ), a leader in supply chain logistics, is pleased to announce that its less-than-truckload carrier ABF Freight® has been recognized as a 2021 Military Friendly® Employer. "At ArcBest and ABF, we are proud to support our military veterans as they transition out of the service and into opportunities that … Full story available on Benzinga.com

FORT SMITH, Ark., Nov. 5, 2020 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce that its less-than-truckload carrier ABF Freight® has received a 2020 SmartWay Excellence Award. Each year, the U.S. Environmental Protection Agency…

ArcBest Corp (NASDAQ: ARCB ) reported third-quarter adjusted earnings per share of $1.22, well ahead of the consensus estimates ranging from 79 cents to 82 cents per share. The asset-based division, which includes less-than-truckload (LTL) operations, reported a 1% year-over-year increase in tonnage, with LTL tonnage increasing in the mid-single-digit range while spot truckload (TL) tonnage fell by double digits. Revenue per hundredweight, or yield, declined 2% year-over-year. LTL yield was down in the low single digits due to a 7% increase in weight per shipment and declines in fuel … Full story available on Benzinga.com

FORT SMITH, Ark., Oct. 6, 2020 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) will announce its third quarter 2020 financial results prior to the opening market on Tuesday, November 3, 2020. A conference call with company executives will be held that day at 9:30 a.m. ET (8:30 a.m. CT) to discuss…