ArcBest Reports Quarterly Earnings Miss Amidst Challenging Freight Market
Transportation and logistics provider ArcBest Corporation reported earnings that fell short of Wall Street expectations this week, citing a persistently soft freight rate environment that pressured total revenue throughout the third quarter. The Arkansas-based company, which operates a significant less-than-truckload (LTL) network, faced headwinds as reduced shipping volumes and aggressive pricing competition across the logistics…