ARCB 8-K
Arcbest Corp /Tx/ (ARCB)
June 30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Date of Report (Date of earliest event reported): December 1, 2025 (
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ITEM 7.01 – REGULATION FD DISCLOSURE
ArcBest® (Nasdaq: ARCB) is providing an update on the most recent information related to its fourth quarter 2025 financial results and business trends.
Summary Operating and Financial Impacts
| ● | Statistics for November 2025 are preliminary but are not expected to differ materially from actual results. |
| ● | There were 23.0 workdays in October 2025 and 23.0 workdays in October 2024. |
| ● | There were 18.0 workdays in November 2025 and 19.0 workdays in November 2024. |
| ● | The fourth quarter to date reflects the period from October 1 through November 30, 2025, compared to the same period in 2024. |
Asset-Based Operating Segment
Year-over-Year Monthly Business Trends:
| October 2025 | November 2025 | QTD 2025 | |||||||
Billed Revenue(1) / Day | -1.9 | % | +1 | % | -1 | % | ||||
Tonnage / Day |
| -1.2 | % |
| +3 | % |
| +1 | % | |
Shipments / Day |
| +0.6 | % |
| +3 | % |
| +2 | % | |
Billed Revenue(1) / CWT | -0.7 | % | -2 | % | -1 | % | ||||
Billed Revenue(1) / Shipment | -2.4 | % | -2 | % | -2 | % | ||||
Weight / Shipment | -1.8 | % | flat | -1 | % | |||||
| 1) | Revenue for undelivered freight is deferred for financial statement purposes in accordance with the Asset-Based segment revenue recognition policy. Billed revenue per day has not been adjusted for the portion of revenue deferred for financial statement purposes. |
In November 2025, Asset-Based daily shipments and tonnage increased compared to the same period last year, while weight per shipment remained flat. Revenue per hundredweight, both including and excluding fuel, declined by approximately 2%. The pricing environment continues to be rational.
Sequentially, from October to November, shipments per day increased approximately 3% and weight per shipment increased 5%, which resulted in a tonnage per day increase of 8%. Revenue per hundredweight including fuel was down 4% and excluding fuel was down 5%.
Historically, ABF’s non-GAAP operating ratio has deteriorated by roughly 100 to 200 basis points from the third to the fourth quarter. For the current quarter, we anticipate a sequential deterioration of about 400 basis points, driven by continued softness in the broader freight market and the impact of three fewer workdays compared to the third quarter.
Asset-Light Operating Segment
| October 2025 | November 2025 | QTD 2025 | |||||||
Revenue / Day (Year-over-Year) | -10.3 | % | -1 | % | -6 | % | ||||
Shipments / Day (Year-over-Year) | -2.7 | % | +5 | % | +1 | % | ||||
Revenue / Shipment (Year-over-Year) | -7.8 | % | -6 | % | -7 | % | ||||
Purchased Transportation Expense as a % of Revenue |
| 86.5 | % |
| 86 | % |
| 86 | % | |
In November 2025, Asset-Light daily revenue declined year-over-year, primarily reflecting lower revenue per shipment driven by soft freight market conditions and a higher mix of Managed business, which typically involves smaller shipment sizes. Shipment growth during the month was supported by continued strength in our Managed solution.
On a sequential basis, from October to November, daily revenue and shipments both increased 12%, and revenue per shipment was flat.
Considering seasonality and current market dynamics, we expect a non-GAAP operating loss in the range of $1 million to $3 million for the fourth quarter of 2025. This estimate excludes GAAP impacts from changes in the fair value of contingent consideration, which we currently estimate at zero, and purchase accounting amortization, which we anticipate will total approximately $3 million for the quarter.
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this report may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. Terms such as “anticipate,” “believe,” “could,” “designed,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “likely,” “may,” “plan,” “predict,” “project,” “scheduled,” “seek,” “should,” “would,” and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management’s beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct and caution the reader not to place undue reliance on our forward-looking statements. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: data privacy breaches, cybersecurity incidents, and/or failures of our information systems, including disruptions or failures of services essential to our operations or upon which our information technology platforms rely; interruption or failure of third-party software or information technology systems, including but not limited to licensed software; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with, new or enhanced technology or processes; the loss or reduction of business from large customers or an overall reduction in our customer base; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of acquisitions and the inability to realize the anticipated benefits of the acquisition within the expected time period or at all; unsolicited takeover proposals, proxy contests, and other proposals or actions by activist investors; maintaining our corporate reputation and intellectual property rights; establishing and maintaining adequate internal controls over financial reporting; nationwide or global disruption in the supply chain resulting in increased volatility in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of equipment, including new revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates, and the inability to collect fuel surcharges; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight’s collective bargaining agreement; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner-operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; the effects, costs and potential liabilities related to changes in and compliance with, or violation of, existing or future governmental laws and regulations, including, but not limited to, environmental laws and regulations, such as emissions-control regulations and fuel efficiency regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims, insurance premium costs, and loss of our ability to self-insure; potential impairment of long-lived assets and goodwill and intangible assets; the effects of a widespread outbreak of an illness or disease or any other public health crisis, as well as regulatory measures implemented in response to such events; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, the occurrence of natural disasters, health epidemics, geopolitical conflicts, acts of war, cybersecurity incidents, or trade restrictions; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers’ access to adequate financial resources; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation’s public filings with the Securities and Exchange Commission (“SEC”).
For additional information regarding known material factors that could cause our actual results to differ from those expressed in these forward-looking statements, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARCBEST CORPORATION | |||
(Registrant) | |||
Date: | December 1, 2025 | /s/ J. Brent Hagy | |
J. Brent Hagy | |||
Vice President – Legal & Assistant Secretary | |||