ITEM 7.01 - REGULATION FD DISCLOSURE
There were 22 working days in
ArcBest Consolidated
On a preliminary basis,
Asset-Based Operating Segment
For the month of
? Daily Billed Revenue increased approximately 16%.
Total Tonnage/Day decreased approximately 4% compared to a total Tonnage/Day
? increase of 3.7% in
unseasonable increase in U-Pack household goods shipments and other spot-quoted
shipments during the second half of 2020.
? Total Shipments/Day decreased approximately 3%.
? Total Billed Revenue/CWT increased approximately 21% including higher fuel
surcharge.
? Total Billed Revenue/Shipment increased approximately 19%.
? Total Weight/Shipment decreased approximately 1%.
On both a year-over-year and sequential basis average daily
Asset-Light ArcBest Segment (not including FleetNet)
For the month of
? Total revenue per day increased approximately 31%.
? Purchased transportation expense per day increased approximately 33%.
? Purchased transportation expense represented approximately 84.5% of revenues in
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. Terms such as "anticipate,"
"believe," "could," "estimate," "expect," "forecast," "foresee," "intend,"
"may," "plan," "predict," "project," "scheduled," "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. 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: widespread outbreak of an illness or
disease, including the COVID-19 pandemic and its effects, 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; a failure of our information systems, including
disruptions or failures of services essential to our operations or upon which
our information technology platforms rely, data breach, and/or cybersecurity
incidents; interruption or failure of third-party software or information
technology systems or licenses; untimely or ineffective development and
implementation of, or failure to realize potential benefits associated with, new
or enhanced technology or processes, including the pilot test program at ABF
Freight; the loss or reduction of business from large customers; the ability to
manage our cost structure, and the timing and performance of growth initiatives;
maintaining our corporate reputation and intellectual property rights;
competitive initiatives and pricing pressures; increased prices for and
decreased availability of new revenue equipment, decreases in value of used
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 develop 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; governmental regulations;
environmental laws and regulations, including emissions-control regulations;
default on covenants of financing arrangements and the availability and terms of
future financing arrangements; self-insurance claims and insurance premium
costs; potential impairment of goodwill and intangible assets; 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 and adverse weather conditions; and
other financial, operational, and legal risks and uncertainties detailed from
time to time in
For additional information regarding known material factors that could cause our
actual results to differ from our projected results, please see our filings with
the
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.
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