ArcBest Corp Files 8-K
Ticker: ARCB · Form: 8-K · Filed: Dec 3, 2024 · CIK: 894405
| Field | Detail |
|---|---|
| Company | Arcbest CORP /De/ (ARCB) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $5 million, $7 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulation-fd, disclosure
Related Tickers: ARCB
TL;DR
ArcBest filed an 8-K on Dec 3rd, likely with material info. Watch closely.
AI Summary
ArcBest Corporation announced on December 3, 2024, a Regulation FD Disclosure. The filing does not contain specific financial figures or detailed operational updates, but serves as a notification of information being disclosed.
Why It Matters
This filing indicates ArcBest Corporation is making a public disclosure under Regulation FD, which could contain material information for investors.
Risk Assessment
Risk Level: medium — The filing is a standard 8-K for a Regulation FD disclosure, which could contain material information, but lacks specific details in the provided text.
Key Players & Entities
- ArcBest Corporation (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Fort Smith, Arkansas (location) — Address of principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to serve as a Regulation FD Disclosure by ArcBest Corporation.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is December 3, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 8401 McClure Drive, Fort Smith, Arkansas 72916.
What is the registrant's telephone number?
The registrant's telephone number is (479) 785-6000.
What is the company's IRS Employer Identification No.?
The company's IRS Employer Identification No. is 71-0673405.
Filing Stats: 1,808 words · 7 min read · ~6 pages · Grade level 17.3 · Accepted 2024-12-03 06:00:17
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 Par Value ARCB Nasdaq Indicate by
- $5 million — t-Light operating loss of approximately $5 million to $7 million for fourth quarter 2024.
- $7 million — ing loss of approximately $5 million to $7 million for fourth quarter 2024. This estimate
Filing Documents
- arcb-20241203x8k.htm (8-K) — 106KB
- 0001558370-24-015971.txt ( ) — 227KB
- arcb-20241203.xsd (EX-101.SCH) — 3KB
- arcb-20241203_lab.xml (EX-101.LAB) — 15KB
- arcb-20241203_pre.xml (EX-101.PRE) — 10KB
- arcb-20241203x8k_htm.xml (XML) — 5KB
01 – REGULATION FD DISCLOSURE
ITEM 7.01 – REGULATION FD DISCLOSURE ArcBest (Nasdaq: ARCB) is providing an update on the most recent information related to its fourth quarter 2024 financial results and business trends. Summary Operating and Financial Impacts Statistics for November 2024 are preliminary and not yet finalized. There were 23.0 workdays in October 2024 and 22.0 workdays in October 2023. There were 19.0 workdays in November 2024 and 20.0 workdays in November 2023. Quarter to date 2024 compares October and November 2024 to October and November 2023. Asset-Based Operating Segment Year-over-Year Monthly Business Trends: October 2024 November 2024 QTD 2024 Billed Revenue/Day (1) -11.2 % -7 % -9 % Total Tons/Day -8.7 % -6 % -8 % Total Shipments/Day -3.0 % -1 % -2 % Total Billed Revenue/CWT -2.7 % -1 % -2 % Total Billed Revenue/Shipment -8.4 % -6 % -7 % Total Weight/Shipment -5.9 % -6 % -6 % 1) Revenue for undelivered freight is deferred for financial statement purposes in accordance with the Asset-Based segment revenue recognition policy. Billed revenue per day has not been adjusted for the portion of revenue deferred for financial statement purposes. Year-over-year October comparisons are impacted by the exceptional performance in October 2023, which was driven by increased business at higher prices following a competitor's cyberattack that tightened capacity. As we served customers during the market disruption in 2023, we achieved an 8.1% year-over-year increase in billed revenue per hundredweight. November 2024 results are impacted by continued weak industrial production and some higher-weight LTL shipments that have shifted to the truckload market, with its sustained low rates and excess capacity. Despite these challenges, LTL pricing remains rational. The revenue per hundredweight decrease was driven by lower fuel prices. Excluding fuel surcharges, revenue per hundredweight incr
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Se ARCBEST CORPORATION (Registrant) Date: December 3, 2024 /s/ Michael R. Johns Michael R. Johns Chief Legal Officer and Corporate Secretary