ArcBest
ARCBNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $133.85 Prior regular-session close from the quote source.
- $132.90–$136.29 Regular-session low and high so far today.
- 163.2K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $59.43–$176.69 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own ARCB if its technology-enabled, multi-mode logistics model lets it regain freight-cycle operating leverage without becoming just another price-taker in trucking.
ARCB price history
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Investment thesis
What must happen next
Shippers continue to value ArcBest as a single, technology-enabled provider across multiple transportation modes rather than unbundling freight spend to point-solution brokers and lower-cost carriers.HoldingMateriality: High
Item 1 description identifies ArcBest as a multibillion-dollar integrated logistics company that leverages technology and a full suite of solutions across multiple modes of transportation. If this holds, ArcBest can defend customer wallet share through freight cycles; if it breaks, revenue recovery will lag the industry and pricing will weaken.
Watch: Large shippers shift procurement toward lane-by-lane lowest-cost bidding, treating ArcBest as interchangeable capacity rather than an integrated logistics partner.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Item 1 description identifies ArcBest as a multibillion-dollar integrated logistics company that leverages technology and a full suite of solutions.
Open source ↗ArcBest’s trucking and logistics network retains enough density and pricing discipline that incremental freight in an upcycle drops through to profit instead of being competed away.WeakeningMateriality: High
GAAP annual operating income remained positive at $90.309 million in FY2025 despite lower freight demand. This is the difference between a cyclical revenue rebound and a real earnings recovery.
Watch: Old Dominion Freight Line, XPO, FedEx Freight, or other LTL carriers use available capacity to pressure rates before ArcBest rebuilds density.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating income remained positive at $90.309 million in FY2025 despite lower freight demand.
Open source ↗ArcBest’s operating model continues to generate enough cash in downcycles to maintain service capacity and avoid value-destructive retrenchment before the next freight recovery.StrengtheningMateriality: Medium
GAAP annual operating cash flow was positive at $228.953 million in FY2025. Cash resilience lets owners wait for the cycle without forced dilution, excessive borrowing, or service deterioration.
Watch: A prolonged industrial freight recession causes working-capital outflows and underutilized capacity to absorb cash.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow was positive at $228.953 million in FY2025.
Open source ↗ArcBest’s employee-intensive service model remains an execution advantage rather than a structural cost handicap versus more flexible or nonunion competitors.HoldingMateriality: Medium
ArcBest had 14,000 employees as of December 2025. Labor stability supports service quality and customer retention, but labor inflation or work-rule rigidity can erase operating leverage.
Watch: Teamsters wage escalation, work-rule constraints, or labor disruption raises unit costs faster than ArcBest can price.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
ArcBest had 14,000 employees as of December 2025.
Open source ↗
Full investment case & evidence
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Original research
Shippers continue to value ArcBest as a single, technology-enabled provider across multiple transportation modes rather than unbundling freight spend to point-solution brokers and lower-cost carriers. If this holds, ArcBest can defend customer wallet share through freight cycles; if it breaks, revenue recovery will lag the industry and pricing will weaken.
ArcBest’s trucking and logistics network retains enough density and pricing discipline that incremental freight in an upcycle drops through to profit instead of being competed away. This is the difference between a cyclical revenue rebound and a real earnings recovery.
ArcBest’s operating model continues to generate enough cash in downcycles to maintain service capacity and avoid value-destructive retrenchment before the next freight recovery. Cash resilience lets owners wait for the cycle without forced dilution, excessive borrowing, or service deterioration.
ArcBest’s employee-intensive service model remains an execution advantage rather than a structural cost handicap versus more flexible or nonunion competitors. Labor stability supports service quality and customer retention, but labor inflation or work-rule rigidity can erase operating leverage.
All standing thesis claims
Original report summary
its technology-enabled, multi-mode logistics model lets it regain freight-cycle operating leverage without becoming just another price-taker in trucking.
Bull case and bear case
Bull case and bear case for Arcbest
Where the evidence on Arcbest disagrees: Mixed on the latest evidence (Oct 15, 2026). Of its 4 thesis points, 1 strengthening, 2 holding and 1 weakening.
Bull case: what the evidence supports
Shippers continue to value ArcBest as a single, technology-enabled provider across multiple transportation modes rather than unbundling freight spend to point-solution brokers and lower-cost carriers.
ArcBest’s operating model continues to generate enough cash in downcycles to maintain service capacity and avoid value-destructive retrenchment before the next freight recovery.
ArcBest’s employee-intensive service model remains an execution advantage rather than a structural cost handicap versus more flexible or nonunion competitors.
Bear case: what the evidence questions
ArcBest’s trucking and logistics network retains enough density and pricing discipline that incremental freight in an upcycle drops through to profit instead of being competed away.
Thesis-Break Engine
Thesis-break watch · Arcbest
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedRegulation FD disclosure.
Arcbest filed an SEC 8-K on 2026-09-08: Regulation FD disclosure. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Arcbest filed an SEC 8-K on 2026-07-29: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedOther material event.
Arcbest filed an SEC 8-K on 2026-07-24: Other material event. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Large shippers shift procurement toward lane-by-lane lowest-cost bidding, treating ArcBest as interchangeable capacity rather than an integrated logistics partner.
- Old Dominion Freight Line, XPO, FedEx Freight, or other LTL carriers use available capacity to pressure rates before ArcBest rebuilds density.
- A prolonged industrial freight recession causes working-capital outflows and underutilized capacity to absorb cash.
- Teamsters wage escalation, work-rule constraints, or labor disruption raises unit costs faster than ArcBest can price.
ARCB news
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Financial statements
ARCB income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
ARCB: quick answers
- Have members of Congress traded ARCB?
- Reports made public in the last 90 days disclose 1 trade in ARCB by 1 filer: 0 purchases and 1 sale. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed ARCB trade