ArcBest reported second-quarter 2026 revenue of $1,184.5 million and a GAAP net loss of $13.8 million (loss of $0.62 per diluted share), driven by elevated operating expenses and impairment charges. On a non-GAAP basis, the company reported net income of $53.6 million, or $2.38 per diluted share, excluding impairment and restructuring items. Management highlighted sequential margin improvement in Asset‑Based operations, growth in Asset‑Light volumes, and the launch of its ArcBest View™ platform.

Financial Highlights

  • Revenue: $1,184,533 thousand for the three months ended June 30, 2026 (compared with $1,022,256 thousand in Q2 2025).
  • Operating income (GAAP): Loss of $20,623 thousand for the quarter; operating loss for six months of $17,193 thousand.
  • Net income (GAAP): Net loss of $13,824 thousand for the quarter; net loss of $14,861 thousand for the six months ended June 30, 2026.
  • Non-GAAP net income: $53,577 thousand for the quarter (non-GAAP diluted EPS $2.38); $60,728 thousand for six months (non-GAAP diluted EPS $2.70).
  • Consolidated Adjusted EBITDA: $114,984 thousand for the quarter and $164,360 thousand for the six months ended June 30, 2026.

Business Highlights

  • Asset‑Based segment: Revenue increased to $783.7 million (per‑day increase of 9.9%), with tonnage per day up 4.9%; operating income improved to $74.3 million and operating ratio improved to 90.5% (non‑GAAP operating income $72.3 million; operating ratio 90.8%).
  • Asset‑Light segment: Revenue grew to $438.7 million (per‑day increase of 28.3%) driven by higher shipment volumes, with shipments per day up 14.6%; Asset‑Light reported improved non‑GAAP operating income and Adjusted EBITDA expansion (Asset‑Light Adjusted EBITDA $7.0 million for the quarter).
  • Operational mix shift: Asset‑Based saw higher weight per shipment and increased billed revenue per shipment (up 12.5%) and per hundredweight (up 4.2%), with heavier freight profiles contributing to sequential daily revenue and margin expansion.
  • Productivity and technology: Company advanced strategic priorities including the launch of ArcBest View™, continued cost optimization, network efficiency, and technology-driven productivity initiatives; pilot investments in Vaux and related asset write-offs were recorded.
  • Sequential seasonality: Asset‑Based daily revenue rose 17.8% sequentially from Q1 to Q2 2026, with non‑GAAP operating ratio decreasing by 650 basis points versus typical seasonality due to pricing, fuel surcharge recovery and efficiency gains.

Original SEC Filing:

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