ArcBest (ARCB) Misses Q2 EPS by 5c
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ArcBest Corporation® Announces Second Quarter 2016 Results
July 29, 2016 6:00 AM EDTFORT SMITH, Ark., July 29, 2016 /PRNewswire/ -- ArcBest Corporation® (Nasdaq: ARCB) today reported second quarter 2016 net income of $10.2 million, or $0.39 per diluted share, compared to second quarter 2015 net income of $20.0 million, or $0.74 per diluted share. The inconsistent economic operating environment combined with a surplus of transportation capacity continues to impact available business levels and operating margins at ABF Freight and at each of ArcBest's asset-light logistics companies. In the midst of this challenging period, ArcBest continues to successfully build on the strategic opportunities it has to gain new business, strengthen shipper relationships and... More
