secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001558370-24-015971
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

ArcBest reports preliminary Q4 trends; Nov Asset-Based rev/day down 7%, Asset-Light expects $5-7M loss
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- Asset-Based billed rev/day down 9% QTD; Oct -11.2%, Nov -7%; Oct 2023 comp boosted by competitor cyberattack.
- Asset-Light rev/day down 10% QTD; purchased transpo expense 86% of rev; expects $5-7M non-GAAP Q4 operating loss.
- Revenue/CWT decrease driven by lower fuel surcharges; ex-fuel, low-single-digit increase in Asset-Based pricing.
- Asset-Based operating ratio expected at high end of historical 100-200 bps sequential increase due to manufacturing softness.
- November results impacted by weak industrial production and shift of higher-weight LTL to truckload market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837024015971/0001558370-24-015971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837024015971/arcb-20241203x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015971

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