secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001558370-23-011774
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ArcBest fully ratifies new five-year Teamsters labor agreement with wage increases and profit-sharing bonus
--------------------------------------------------------------------------------

- Agreement covers ~82% of Asset-Based segment employees; implemented July 16, 2023, runs through June 30, 2028.
- First-year wage increase of $3.50/hour or $0.0875/mile; subsequent years $0.75/hour or $0.01875/mile.
- Profit-sharing bonus triggers when ABF annual operating ratio is 93.0% or below.
- Location-specific wage increases for competitive hiring areas; additional sick and holiday PTO.
- Health/welfare and pension contribution increases effective August 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837023011774/0001558370-23-011774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837023011774/arcb-20230707x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011774

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer