ArcBest Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>ArcBest Corp. has filed its 2023 10-K annual report, detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

ARCBEST CORP /DE/ (ARCB) filed a Annual Report (10-K) with the SEC on February 23, 2024. ArcBest Corp. filed its 2023 10-K report on February 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company's Standard Industrial Classification is Trucking (No Local) [4213]. ArcBest Corp. was formerly known as Arkansas Best Corp. /DE/. The filing includes details on various financial statement line items and disclosures.

Why It Matters

For investors and stakeholders tracking ARCBEST CORP /DE/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of ArcBest's financial health, operational strategies, and risk factors for the past fiscal year, crucial for investors and stakeholders to assess the company's performance and future outlook. The detailed financial data and disclosures within the report are essential for understanding ArcBest's position in the trucking industry and its ability to navigate market challenges and opportunities.

Risk Assessment

Risk Level: medium — ARCBEST CORP /DE/ shows moderate risk based on this filing. The company operates in the trucking industry, which is subject to economic fluctuations, fuel price volatility, and regulatory changes, all of which can impact financial performance and operational stability.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess ArcBest's performance and potential risks.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-23 — Filing Date (Filed as of date)
• 138 — Public Document Count (Document count)
• 000-19969 — SEC File Number (SEC file number)

Key Players & Entities

• ARCBEST CORP /DE/ (company) — Filer name
• 0000894405 (company) — Central Index Key
• 4213 (company) — Standard Industrial Classification
• ARKANSAS BEST CORP /DE/ (company) — Former company name
• FORT SMITH (company) — Business address city
• AR (company) — Business address state
• 72916 (company) — Business address zip
• 4797856000 (company) — Business phone

FAQ

Industry Context

ArcBest Corp. operates within the trucking industry, a sector critical to the transportation and logistics of goods across the United States.

Regulatory Implications

As a publicly traded company, ArcBest Corp. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the annual filing of Form 10-K.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the risk factors section to understand potential challenges facing ArcBest.
3. Compare ArcBest's 2023 performance against previous years and industry benchmarks.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-23: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This filing is the 2023 annual report (10-K) for ArcBest Corp., providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.01 — ge on which registered Common Stock , $0.01 Par Value ARCB The Nasdaq Global Se

Filing Documents

• arcb-20231231x10k.htm (10-K) — 4757KB
• arcb-20231231xex4d1.htm (EX-4.1) — 36KB
• arcb-20231231xex10d11.htm (EX-10.11) — 76KB
• arcb-20231231xex21.htm (EX-21) — 39KB
• arcb-20231231xex23.htm (EX-23) — 6KB
• arcb-20231231xex31d1.htm (EX-31.1) — 13KB
• arcb-20231231xex31d2.htm (EX-31.2) — 13KB
• arcb-20231231xex32.htm (EX-32) — 11KB
• arcb-20231231xex97.htm (EX-97) — 53KB
• 0001558370-24-001622.txt (&nbsp;) — 21674KB
• arcb-20231231.xsd (EX-101.SCH) — 112KB
• arcb-20231231_cal.xml (EX-101.CAL) — 175KB
• arcb-20231231_def.xml (EX-101.DEF) — 482KB
• arcb-20231231_lab.xml (EX-101.LAB) — 1046KB
• arcb-20231231_pre.xml (EX-101.PRE) — 833KB
• arcb-20231231x10k_htm.xml (XML) — 5074KB

Forward-Looking Statements

Forward-Looking Statements 3 Item 1.

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 20 Item 1B. Unresolved Staff Comments 35 Item 1C. Cybersecurity 35 Item 2.

Properties

Properties 37 Item 3.

Legal Proceedings

Legal Proceedings 37 Item 4. Mine Safety Disclosures 38 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 38 Item 6. Reserved 38 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 66 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 68 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 114 Item 9A.

Controls and Procedures

Controls and Procedures 114 Item 9B. Other Information 117 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 117 PART III Item 10. Directors, Executive Officers and Corporate Governance 117 Item 11.

Executive Compensation

Executive Compensation 117 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 117 Item 13. Certain Relationships and Related Transactions, and Director Independence 117 Item 14. Principal Accountant Fees and Services 117 PART IV Item 15. Exhibits and Financial Statement Schedules 118 Item 16 . Form 10-K Summary 122

SIGNATURES

SIGNATURES 123 2 Table of Contents PART I

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included or incorporated by reference in this Annual Report on Form 10-K, including, but not limited to, those in Item 1 (Business), Item 1A (Risk Factors), Item 3 (Legal Proceedings), and Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations), are forward-looking statements. Terms such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "foresee," "intend," "may," "plan," "predict," "project," "scheduled," "should," "would," and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management's beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: the effects of a widespread outbreak of an illness or disease or any other public health crisis, as well as regulatory measures implemented in response to such events; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, acts of war or terrorism, or military conflicts; data privacy breaches, cybersecurity incidents, and/or failures of our information systems, including disruptions or

BUSINES S

ITEM 1. BUSINES S ArcBest Corporation ArcBest Corporation (together with its subsidiaries, the "Company," "ArcBest," "we," "us," and "our") is a multibillion-dollar integrated logistics company that leverages technology and a full suite of solutions to meet our customers' supply chain needs. With the ability to optimize, connect and deliver across various modes of transportation, we serve as a single logistics resource. This integrated approach, combined with our technology, expertise, and scale, helps ensure our customers have the right solutions and capacity to meet their constantly changing needs. We started over a century ago as a local Arkansas freight hauler. Today, we are a logistics powerhouse with global reach and 15,000 employees across 250 campuses and service centers. This is the result of organic growth, strategic acquisitions, visionary leadership, and resilient people who are driven to always find a way to get the job done. We are a trusted advisor to some of the world's biggest and most recognizable brands. Our customers are at the center of our strategy. We listen, thoughtfully analyze how our processes, services, and technologies impact their business, and customize solutions that align with their goals. Our long history of innovation enriches these deep customer relationships. With a meaningful investment in strategic initiatives aimed at transformation and a strong emphasis on disruptive technology and advanced analytics, we enable more sustainable supply chains and deliver intelligent solutions that meet our customers' needs. In pursuit of our mission to connect and positively impact the world through solving logistics challenges, and aligned with our values-driven culture, we are also focused on conducting business in a way that helps create a safer, more sustainable, and inclusive company and world. United as ArcBest, we offer a variety of ground, air, and ocean transportation solutions, including our less-than-truckload ("LTL") carrier

View Full Filing

View this 10-K filing on SEC EDGAR