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ArcBest Corporation (ARCB)

- NASDAQ
  • Wed, Jun. 24, 11:16 AM
    • Select railroad and trucking stocks trade weak after Q1 GDP figures are revised in-line with expectations. A read yesterday on durable goods was weak.
    • Stocks from the transportation sector drifting lower include Knight Transportation (KNX -4.5%), Swift Transportation (SWFT -5.5%), ArcBest (ARCB -3.9%), YRC Worldwide (YRCW -2.2%), Greenbrier (GBX -1.6%), Heartland Express (HTLD -2.6%), Kansas City Southern (KSU -2.2%), Celadon Group (CGI -2%), JB Hunt Transport (JBHT -2.1%), Trinity Industries (TRN -1.6%).
    • FedEx (FDX -0.9%) and UPS (UPS -0.8%) are also trailing broad market averages.
    | Wed, Jun. 24, 11:16 AM | 1 Comment
  • Jul. 31, 2014, 12:45 PM
    | Jul. 31, 2014, 12:45 PM | Comment!
  • Dec. 16, 2013, 2:58 PM
    • Deutsche Bank is out with some commentary and price target adjustments for a number of transport names. "We expect slow growth to continue well into 2014," analyst Justin Yagerman notes, but says "this is not a bad environment for earnings growth as cost inflation is generally modest and volumes are expanding, albeit at a slower-than-desired pace."
    • Rundown: XPO reiterated at Buy, PT hiked to $32; ODFL upgraded to Buy from Hold, PT lifted to $59 from $49; UPS reiterated at Buy, PT raised to $123 from $100; UNP reiterated at Buy, PT hiked to $198 from $175; RRTS reiterated at Buy, PT lifted to $35 from $32; SWFT reiterated at Buy, PT raised to $29 from $22; JBHT reiterated at Buy, PT upped to $89 from $83; NSC reiterated at Hold, PT to $91 from $83; LSTR reiterated at Hold, PT hiked to $58 from $56; KNX reiterated at Hold, PT lifted to $19 from $15; ABFS reiterated at Hold, PT raised to $35 from $29; CSX reiterated at Hold, PT hiked to $28 from $25.
    | Dec. 16, 2013, 2:58 PM | 3 Comments
  • Nov. 11, 2013, 9:05 AM
    • Shares of Arkansas Best (ABFS) jump higher after the company beats estimates for Q3 handily.
    • The company says its emerging business provided a nice lift during the quarter.
    • ABFS +10.2% premarket.
    | Nov. 11, 2013, 9:05 AM | Comment!
  • Sep. 16, 2013, 12:35 PM
    • Arkansas Best (ABFS -4.7%) is trading notably lower.
    • Deutsche's Justin Yagerman is out with a valuation call, cutting the shares to Hold from Buy as the risk/reward seems more balanced with the stock trading just 7% below the firm's target price.
    • "We remain optimistic that ABFS will eventually be able to implement the 7% Teamster wage reduction," Yagerman says, before cautioning that "the timetable has been pushed back by at least two months."
    • Price target maintained at $29.
    • It may indeed be time for a breather: The stock is up 169% since May 6, when the company came to a tentative agreement with the Teamsters.
    | Sep. 16, 2013, 12:35 PM | Comment!
  • Aug. 26, 2013, 11:32 AM
    • Arkansas Best (ABFS +5.1%) gets a lift from an upgrade to Strong Buy (from Market Perform) at Raymond James.
    • Price target is $46.
    • The shares are now up some 33% since the company reported Q2 earnings on August 9.
    | Aug. 26, 2013, 11:32 AM | Comment!
  • Aug. 9, 2013, 3:54 PM
    • Shares of Arkansas Best (ABFS +16.6%) are having a banner day on the heels of the company's Q2 report.
    • Revenue was up 13% Y/Y during the period to $576.9M, beating estimates.
    • Q2 EPS of $0.18 looks optically worse than the $0.44/ share profit the company posted in Q2 2012. However, a tax benefit was largely responsible for last year's Q2 EPS figure. Strip that out and add back a $0.05/ share charge associated with the Panther acquisition and you get $0.18, exactly the same as this quarter's figure. (PR)
    • The company notes that the ratification of the ABF National Master Freight Agreement is a "major step toward returning the company to consistent profitability." (previous)
    | Aug. 9, 2013, 3:54 PM | Comment!
  • Jun. 28, 2013, 12:45 PM
    Midday top 10 gainers: HALO +26%. EMMS +19%. SAND +17%. AMSC +15%. TRX +14%. RIC +13%. FSM +12%. TAHO +12%. ABFS +11%. LAS +11%.
    Midday top 10 Losers: QLTI -48%. CDTI -36%. BBRY -25%. LHCG -14%. GTIV -13%. AZZ -13%. AMED -13%. ACN -11%. ETRM -9%. AFAM -8%.
    | Jun. 28, 2013, 12:45 PM | Comment!
  • Jun. 28, 2013, 11:22 AM
    Arkansas Best (ABFS +14.7%) surges after ABF employees ratify a collective bargaining agreement — the deal represents a "critical step in helping return ABF to its historic profitability," according to the press release.
    | Jun. 28, 2013, 11:22 AM | Comment!
  • May 9, 2013, 10:09 AM
    Arkansas Best (ABFS +8.5%) trades higher after disclosing in a SEC filing that it rebuffed an offer from YRC Worlwide (YRCW +1.5%) last month. (8-K)
    | May 9, 2013, 10:09 AM | Comment!
  • May 7, 2013, 8:29 AM
    Shares of Arkansas Best (ABFS) are up another 2.9% in premarket as the buzz over the company's Teamsters deal hasn't worn out yet. Notable Calls thinks Wall Street analysts might be light with their price targets on the company.
    | May 7, 2013, 8:29 AM | Comment!
  • May 6, 2013, 12:47 PM
    Midday top 10 gainers: MBI +41%. FSGI +32%. ABFS +31%. MNGA +25%. YRCW +22%. BORN +16%. PRMW +15%. CHLN +14%. RENN +14%. YY +14%.
    Midday top 10 losers: PAL -18%. HGSH -11%. GEOS -9%. LNCO -9%. LINE -9%. CHCI -9%. VISN -8%. OSH -8%. TG -7%. LTBR -7%.
    | May 6, 2013, 12:47 PM | 1 Comment
  • May 6, 2013, 9:50 AM
    Shares of Arkansas Best (ABFS +28.8%) pop after the company announces it reached a tentative deal with the Teamsters union. The stock is playing some catch-up after trucking/freight stocks roared higher last week on positive demand news. SA contributor Money Investor nailed the call over a week ago for a rapid rally.
    | May 6, 2013, 9:50 AM | Comment!
  • May 3, 2013, 6:18 PM
    After-hours top gainers, as of 5:30 p.m.: ABFS +16.0%. RNR +3.75%. MSG +3.3%. NCT +3.1%. INCY +3.0%.
    After-hours top losers: STM -9%. GRMN -3.6%. BRCD -2.7%. H -2.6%. CPWR -2.1%.
    | May 3, 2013, 6:18 PM | Comment!
  • Jan. 10, 2013, 5:35 PM
    After-hours top gainers, as of 5:15 p.m.: RPTP +6%. BGCP +4%. VECO +4%. EXEL +4%. MNST +3%.
    After-hours top losers: KBR -8%. XRTX -5%. ABFS -5%. URBN -4%. QLTY -4%.
    | Jan. 10, 2013, 5:35 PM | Comment!
  • Sep. 24, 2012, 3:16 PM
    Struggling transport stocks may be enjoying a lift today on Citi's upgrade of the sector. "While there have been several negative profit pre-announcements of late, they appear to be priced in already," Citi says, noting transports typically do well from October through April. Trucking stocks: ABFS +6.3%, JBHT +1.7%, ODFL +1.4% CNW +1.4%. Rails: NSC +2%, UNP +1.4%.
    | Sep. 24, 2012, 3:16 PM | 1 Comment
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Company Description
ArcBest Corp is a holding company, which through its subsidiaries provides freight transportation services and solutions.
Sector: Services
Industry: Trucking
Country: United States