Highlights

  • Second quarter 2026 revenues were $1,184,533 thousand, compared with $1,022,256 thousand for the second quarter of 2025.
  • The company reported a net loss of $13,824 thousand, or $0.62 per diluted share, for the second quarter of 2026.
  • Asset impairment charges totaled $85.3 million in the quarter, and the company announced a restructuring plan in July 2026.
  • Cash, cash equivalents and short-term investments were $168,431 thousand at June 30, 2026, compared with $124,234 thousand at December 31, 2025.

ArcBest Corporation (NASDAQ:ARCB) shares were trading at USD 123.68 on October 28, 2026, down 5.11%, with a relative volume at time of 3.44. The integrated logistics company announced a restructuring plan in July 2026 and filed its quarterly report for the period ended June 30, 2026 on July 30.

ArcBest is incorporated in Texas and has its principal executive offices in Fort Smith, Arkansas. The company describes itself as an integrated logistics company with a full suite of shipping and logistics solutions across multiple modes of transportation. It operates through two reportable segments: Asset-Based, which consists of ABF Freight System, Inc. and certain other subsidiaries, and Asset-Light, which includes MoLo Solutions, LLC, Panther Premium Logistics and certain other subsidiaries. Its fiscal year ends December 31. As of June 2026, approximately 81% of the Asset-Based segment's employees were covered under the 2023 ABF National Master Freight Agreement.

Second Quarter 2026 Results

This section covers the quarter ended June 30, 2026, reported in a Form 10-Q filed on July 30, 2026. Total consolidated revenues were $1,184,533 thousand, up 15.9% from $1,022,256 thousand. Asset-Based revenues were $783,671 thousand and Asset-Light revenues were $438,705 thousand.

The consolidated operating loss was $20,623 thousand, compared with operating income of $37,309 thousand. The net loss was $13,824 thousand, or $0.62 per diluted share, compared with net income of $25,809 thousand, or $1.12 per diluted share. For the six months, the net loss was $14,861 thousand, compared with net income of $28,940 thousand.

The company said the operating loss was primarily due to asset impairment charges and restructuring charges, partially offset by higher revenues. Asset-Based operating income was $74,252 thousand, compared with $51,029 thousand. Asset-Light reported an operating loss of $31,348 thousand, compared with operating income of $591 thousand.

Consolidated Adjusted EBITDA, a non-GAAP measure, was $114,984 thousand, compared with $80,979 thousand.

Restructuring Plan and Impairments

In July 2026, the company announced a restructuring plan to realign its operating structure, reduce costs and simplify brand architecture. Effective August 1, 2026, the MoLo and Panther brands and certain other subsidiaries will operate under the ArcBest brand. The plan includes the discontinuation of Vaux Freight Movement System, a reduction of approximately 2% of total positions and the proposed closure of ten ABF Freight service centers, which represent approximately 1% of network doors. The closures are subject to approval by the joint union-management Change of Operations Committee under the 2023 ABF NMFA.

Noncash asset impairment charges totaled $85.3 million in the second quarter, including $50.8 million for Vaux Freight Movement System assets, $25.7 million for the Panther trade name and $8.8 million of lease-related charges. Restructuring charges were $2.2 million pre-tax. A service center sale produced a gain of $2.9 million pre-tax.

Cash Flow and Capital

Cash provided by operating activities was $138.3 million for the six months, compared with $85.0 million. Capital expenditures were $16.3 million, net of proceeds from asset sales and financings, and promissory note payments were $52.7 million. The company repurchased 92,488 shares for $8.2 million and paid quarterly dividends totaling $5.4 million. As of June 30, 2026, $96.5 million remained available under the share repurchase program. On July 24, 2026, the Board declared a dividend of $0.12 per share payable to stockholders as of August 7, 2026.

Outlook

The 10-Q does not provide numerical earnings guidance. It estimates 2026 total capital expenditures at $140.0 million to $160.0 million, net of proceeds from asset sales, including revenue equipment purchases of $75.0 million to $80.0 million. On the August 7 call, management said the restructuring is expected to produce approximately $40 million in annualized cost savings, with Asset-Light third quarter non-GAAP operating income expected in a range of $6 million to $8 million.