ARCBEST CORPORATION ITEM 7.01 - REGULATION FD DISCLOSURE
There were 20 working days in
ArcBest Consolidated
On a preliminary basis,
Asset-Based Operating Segment
For the month of
? Daily Billed Revenue increased approximately 24%.
? Total Tonnage/Day increased approximately 7%.
? Total Shipments/Day increased approximately 4%.
? Total Billed Revenue/CWT increased approximately 16% including higher fuel
surcharge.
? Total Billed Revenue/Shipment increased approximately 20%.
? Total Weight/Shipment increased approximately 4%.
Asset-Light ArcBest Segment (not including FleetNet)
For the month of
? Total revenue per day increased approximately 107%.
? Purchased transportation expense per day increased approximately 109%.
? Purchased transportation expense represented approximately 85% of revenues in
For the month of
? Total revenue per day increased approximately 39%.
? Purchased transportation expense per day increased approximately 37%.
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," "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: market fluctuations and interruptions
affecting the price of our stock or the price or timing of our share repurchase
programs; 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; the cost, integration, and performance of any
recent or future acquisitions, including the MoLo acquisition, and the inability
to realize the anticipated benefits of the acquisition within the expected time
period or at all; the timing or amount of the earnout payments for the MoLo
acquisition, if any; 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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