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ArcBest's Q2 profit missed expectations due to lower revenue per shipment. Net income increased to $46.9 million, but adjusted EPS missed consensus. Revenue fell 2.3% to $1.08 billion, with declines in asset-based and asset-light revenue. Company cites soft rate environment impacting asset-light revenues and margins. Stock gained 1.2% YTD, underperforming compared to S&P 500's 14.2% gain.
- ArcBest's Q2 profit missed expectations due to lower revenue per shipment.
- Net income increased to $46.9 million, but adjusted EPS missed consensus.
- Revenue fell 2.3% to $1.08 billion, with declines in asset-based and asset-light revenue.
- Company cites soft rate environment impacting asset-light revenues and margins.
- Stock gained 1.2% YTD, underperforming compared to S&P 500's 14.2% gain.
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