secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001558370-24-012559
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

ArcBest Q3 preliminary update: Asset-Light op loss ~$5-6M; QTD revenue/day -3%
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- Asset-Based QTD billed revenue/day -3% YoY; tonnage/day -11% on softer macro and higher spot pricing.
- Effective Sept 9, 2024, 5.9% GRI for LTL services; contractual wage/benefit up ~2.7% in Q3.
- Expects Q3 Asset-Based operating ratio flat to -50bps vs Q2 2024.
- Asset-Light QTD revenue/day -7%; purchased transport expense 86% of revenue; non-GAAP op loss $5-6M.
- MoLo contingent consideration subject to Monte Carlo simulation based on 2023-2025 adjusted EBITDA targets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837024012559/0001558370-24-012559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837024012559/arcb-20240903x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012559

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