ArcBest’s Q2 a step on path to recovery

ArcBest’s second-quarter performance demonstrated gains in operational efficiency across its two primary business divisions. The asset-based segment, which encompasses less-than-truckload operations including ABF Freight, generated $784 million in revenue, representing a 10% year-over-year increase. Despite a 3% decline in the number of shipments, tonnage per day climbed 5% due to an 8% increase in weight per shipment. Tonnage growth remained relatively consistent throughout the quarter,