other material
confidence high
sentiment negative
materiality 0.70
ArcBest Q1 update: Asset-Based tonnage down 6% QTD; Asset-Light expects $3-5M operating loss
ARCBEST CORP /DE/
- Asset-Based QTD revenue/day -2%, tons/day -6%; February sequential improvement from January.
- February workdays 20 vs 21 last year; January workdays 22 in both years.
- Asset-Light QTD revenue/day -7%, expects non-GAAP operating loss $3M-$5M in Q1 2025.
- Ex-fuel surcharge, Asset-Based revenue/cwt up mid-single digits; pricing environment rational.
- Operating ratio expected to increase 350-400 bps QoQ from Q4 to Q1, within historical range.