ArcBest Corporation reported its financial results for the first quarter of 2025, revealing a decline in both revenue and profitability compared to the same period in 2024. The company generated total revenues of $967.1 million, a decrease of 6.7% from $1.036 billion in the prior year. Operating income also fell to $6.6 million from $22.4 million, reflecting the impact of lower market rates and shipment levels, particularly in the Asset-Light segment, which saw a 10.2% drop in revenue. Net income from continuing operations was $3.1 million, compared to a loss of $2.9 million in the same quarter last year.
The decline in revenue was attributed to a softer market environment, characterized by lower shipment levels and reduced tonnage per day. The Asset-Based segment, which accounted for approximately 64% of total revenues, experienced a 3.7% decrease in revenue, while the Asset-Light segment's revenue fell significantly due to a strategic reduction in less profitable truckload volumes. The company noted that the decrease in tonnage was primarily driven by a weaker manufacturing sector and changes in business mix.
In terms of operational metrics, ArcBest reported a decrease in average daily shipments and tonnage per day, with shipments per day declining by 0.4%. The company also saw a reduction in its employee headcount, which was aligned with lower shipment levels. Despite these challenges, the company continued to invest in technology and operational improvements, including the Vaux™ suite, aimed at enhancing efficiency in freight handling.
Looking ahead, ArcBest's management expressed cautious optimism, noting that while the current economic conditions present challenges, the company remains focused on strategic investments to enhance service offerings and strengthen customer relationships. The company plans to continue its share repurchase program and maintain its quarterly dividend, reflecting confidence in its long-term growth potential despite the ongoing market volatility.
About ARCBEST CORP /DE/
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