ArcBest rate hike masks slowing LTL market fortunes
At a time when truckload carriers are speculating if they have finally reached the bottom ...
ID 141544975
© Lovelyday12
| Dreamstime.com
If you haven’t heard how the main financial metrics of $2.6bn-market-cap ArcBest looked in its Q1 24 release yesterday, you’d do well to read this from FreightWaves – that coverage neatly summed up all the main developments for the LTL, truckload and brokerage firm.
(The investor pack can be found here.)
Don’t ignore how the company fared yesterday on the market: -14.32%; -$18.54/share gone; closing price: $110.91.
The worst performer in our demo portfolio, it was eventful for all the wrong reasons ...
Comment on this article