ArcBest Q1 update: Asset-Based tonnage +6% QTD; Asset-Light revenue +6%; expects Q1 Asset-Light op income up to $2M

ARCBEST CORP /DE/

Asset-Based: Feb billed revenue/day flat YoY, tonnage +2%; QTD tonnage +6%, revenue/CWT -5%.
Asset-Light: Feb revenue/day +8% YoY, shipments +12%; QTD revenue +6%, shipments +13%.
Q1 Asset-Based operating ratio expected to increase 100-200 bps sequentially, improvement vs typical 260 bps.
Q1 Asset-Light non-GAAP operating income up to $2M; excludes ~$3M purchase accounting amortization.

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