ArcBest Corp reported second-quarter 2026 results with consolidated revenue up 15.9% year over year to $1.18B while the company posted a net loss of ($13.82M) and diluted EPS of ($0.62), reflecting noncash impairments and restructuring charges during the quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.18B$1.02B15.9% | Net income²($13.82M)$25.81M(153.6%) | Diluted EPS³($0.62)$1.12(155.4%) |
¹ Reported as “Revenues”. ² Reported as “Net Income (Loss)”. ³ Reported as “Diluted earnings Per Common Share”.
Business Highlights
- Revenue growth was driven by higher fuel, improved rates and gains in Asset‑Light volumes; consolidated revenues rose 15.9% for the quarter and 9.8% year to date.
- Asset‑Light mix expanded to about 36% of revenues in Q2, supported by higher managed solutions shipments and increased revenue per shipment.
- Company consolidated the MoLo and Panther brands under the ArcBest name; Panther trade name was impaired and the Vaux Freight Movement business was discontinued.
- Operational efficiency improved with higher asset‑based tonnage per day and billed revenue per CWT; restructuring is expected to yield approximately $40M of annualized run‑rate cost savings.
- Quarter included $85.3M of noncash impairments related to Vaux, Panther and leases, offset in part by a gain on the sale of a service center as part of operational realignment.
Original SEC Filing:
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