ArcBest rode a company-wide wave of freight demand in the second quarter, with less-than-truckload carrier ABF Freight System and asset-light subsidiaries increasing revenue and profit. The asset-light businesses, however, grew faster than the asset-based LTL division.
06 May 2015
USA Truck posted its first profitable first quarter in eight years this week. It also marks the fourth consecutive profitable quarter for the firm as it pursues a new corporate strategy as a “capacity solutions provider,” the company said.
04 May 2015
For the first time in seven years, ArcBest Corporation posted a first-quarter profit, thanks in large part to competitive pricing in spite of diminishing volumes, the company said Monday.
06 Apr 2015
John Simone, the CEO who drove USA Truck back to profitability last year after several years of losses, will take medical leave. Director Thomas Glaser will serve as interim chief operating officer.
13 Feb 2015
After a strenuous overhaul of its business model to better match evolving shipper supply chain needs, USA Truck returned to profitability in 2014. A stronger U.S. economy and lower fuel prices also helped.