Thu, Nov. 3, 6:04 AM
Wed, Nov. 2, 5:30 PM
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Tue, Nov. 1, 5:25 PM
Mon, Oct. 31, 11:25 AM
- ArcBest Corporation (ARCB +1.5%)announces the selection of two new board members and the retirement of one current member.
- John Morris steps down after 28 years on the board.
- GameStop VP Michael Hogan and Motorola Solutions exec Eduardo Conrado are the new additions.
- The board will now have 11 members.
- Source: Press Release
Sat, Oct. 29, 10:42 AM
- The trucking industry is anxiously waiting for the release of key heavy-duty truck order releases next week as it assesses demand for 2017.
- Overcapacity has impacted trucking pricing this year and forced several companies to idle parts of their fleets and rethink strategy. More than half of trucking stocks with a market cap of over $50M are showing a negative YTD return.
- There's a sense that the extended downturn in freight demand could be bottoming out, a theory that could be confirmed by the upcoming reports from ACT Research and FTR.
- Looking further down the road, it can't be ignored that autonomous vehicle technology could have an impact with trucking services, logistics firms and truck makers. The dramatic delivery of 50K Budweisers (NYSE:BUD) by self-driving transport company Otto (Private:UBER) is considered by some analysts as much more than a publicity stunt.
- Ford (NYSE:F) announced last summer that it's developing smaller self-driving delivery trucks and Google has a USPTO-approved patent on a self-driving delivery truck. On the long-haul side, Daimler's (OTCPK:DDAIF) Freightliner is still testing autonomous 18-wheelers.
- Related article: MIT Technology Review on Uber Freight
- Related stocks: ULH, USAK, SAIA, PATI, PTSI, JBHT, KNX, SWFT, LSTR, MRTN, HTLD, WERN, ECHO, ODFL, CVTI, CGI, ARCB, YRCW, NAV, CMI, PCAR, FDX, UPS.
Tue, Aug. 16, 4:08 PM
- A major announcement from Ford that it will develop a 100% autonomous vehicle in 2021 could have far-reaching implications in a variety of sectors.
- “The first application of the fully autonomous vehicle will be commercial applications, whether it’s ride-hailing or parcel delivery,” Ford CEO Mark Fields told Recode. Companies that could be eyeing the implication of purchasing self-driving car fleets include FedEx (NYSE:FDX), Amazon (NASDAQ:AMZN), UPS (NYSE:UPS), Domino's Pizza (NYSE:DPZ), and Papa John's International (NASDAQ:PZZA).
- There's also relevance on Ford's big bet on autonomy for Avis Budget Group (NASDAQ:CAR) and Hertz (NYSE:HTZ).
- The trucking and shipping sectors (ARCB, KNX, MRTN, CGI, YRCW, HTLD, UACL, SWFT) will also be monitoring how autonomous vehicle technology fits into the future.
- Previously: Ford to produce mass market autonomous vehicle (Aug. 16)
Fri, Jul. 29, 6:03 AM
Thu, Jul. 28, 5:30 PM
Thu, Jul. 28, 1:03 PM
Fri, Apr. 29, 6:05 AM
- ArcBest (NASDAQ:ARCB): Q1 EPS of -$0.23 misses by $0.12.
- Revenue of $621.46M (+1.3% Y/Y) misses by $4.52M.
Thu, Apr. 28, 5:30 PM| Thu, Apr. 28, 5:30 PM | 3 Comments
Tue, Apr. 26, 12:51 PM
- ArcBest (NASDAQ:ARCB) declares $0.08/share quarterly dividend, in line with previous.
- Forward yield 1.46%
- Payable May 24; for shareholders of record May 10; ex-div May 6.
Mon, Feb. 22, 10:19 AM
- Shipping stocks are on the move after the large jump in crude oil prices eases some anxiety over demand.
- Notable gainers include Diana Shipping (DSX +12.1%), Navios Maritime Partners (NMM +6.5%), Frontline (FRO +6.6%), and Scorpo Bulkers (SALT +5.9%).
- The trucking sector is also ahead of broad market averages off the oil news. ArcBest (ARCB +4.4%), Swift Transportation (SWFT +1.6%), Celadon Group (CGI +2%), and Knight Transportation (KNX +2.6%) (also upgraded) are on the rise.
- Railroad industry players CSX (CSX +3.8%) and Genesee & Wyoming (GWR +3.7%) are up sharply.
- On the vehicle manufacturing/supplier side, solid gainers include Meritor (MTOR +6.7%), Dana Holding (DAN +2.7%), Westport Innovations (WPRT +3.9%), Oshkosh (OSK +3.8%), Navistar (NAV +5.4%), and PACCAR (PCAR +2.3%).
- The Detroit Three are all in rally mode as well. Ford (NYSE:F) and GM (NYSE:GM) are up 2%, while Fiat Chrysler Automobiles (NYSE:FCAU) is 3.3% higher.
- Previously: Oil prices rebound, WTI heads back above $30 (Feb. 22 2016)
Thu, Feb. 4, 10:13 AM
- Trucking stocks are in rally mode off a mix of macroeconomic news and earnings.
- Notable gainers include ArcBest (ARCB +11.7%), Old Dominion Freight Line (ODFL +4.2%), Heartland Express (HTLD +4%), Celadon Group (CGI +8.4%), YRC Worldwide (YRCW +7.7%), Knight Transportation (KNX +2.2%), and Marten Transport (MRTN +4.1%).
- It's a moonshot for Roadrunner Transportation Systems (RRTS +37.5%) after earnings.
- Shipping companies FedEx (FDX +2.6%), AirT (AIRT +3.9%), and UPS (UPS +0.8%) are also well-ahead of broad market averages.
Wed, Feb. 3, 12:49 PM
Wed, Feb. 3, 5:33 AM
- ArcBest (NASDAQ:ARCB): Q4 EPS of $0.21 misses by $0.20.
- Revenue of $648.13M (-2.5% Y/Y) misses by $4.39M.