Latest news with #ArcBest
Yahoo
an hour ago
- Automotive
- Yahoo
A closer look at ArcBest's Class EV Pilot
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. When ArcBest tested a Class 8 electric semi-truck between service centers in Reno, Nevada, and Sacramento, California, the EV met performance expectations but one challenge the LTL carrier highlighted was the need for more robust charging infrastructure. During its three-week pilot, ArcBest determined there was a need for more charging spots to adequately match those performance needs. For its test, the carrier selected a lane with heavy-duty chargers at both ends to maintain its dispatch schedule without disruption. But the setup is the exception and not the norm, a spokesperson for the company told Trucking Dive in an email. 'While charging worked well in this controlled scenario, the current availability of high-capacity chargers is limited. Expanding infrastructure will be essential to support broader electrification of over-the-road operations,' the spokesperson said. While charging infrastructure remains a challenge, the number of EV charging stations across California has grown. WattEV recently broke ground for a new charging depot at the Port of Oakland and a Northwest Seaport Alliance grant will assist Zeem Solutions to build an EV charging facility in SeaTac, Washington. ArcBest's Class 8 EV pilot operated with standard freight loads and pulled full-length trailers, hauling the typical mix of cargo the carrier handles daily. 'The electric Semi logged 4,494 miles, averaging 321 miles per day with an overall energy efficiency of 1.55 kWh per mile,' according to a July 9 press release. The carrier is focused on applying what it learned during the pilot to identify additional use cases and transit lanes where electric semis can deliver similar results, the spokesperson said. The pilot also got positive driver feedback — with operators noting the vehicle's comfort, safety and ease of use. 'We're not looking for a truck that performs well 'for an EV,'' Matt Godfrey, ABF Freight president, said in the release. 'It must meet or exceed the performance and total cost of ownership targets of our most efficient diesel units. This pilot gives us great insight into the potential of electric semis in our operations,' he said. While this was the company's first pilot of a Class 8 over-the-road electric semi, it's not its first involvement with EVs. ArcBest operates two class 6 EV straight trucks, nine EV yard tractors and two electric forklifts, per the release. 'Our customers increasingly value partners who are forward-thinking and environmentally responsible,' the spokesperson said. 'Continuing to explore and adopt electric vehicles is one of the ways we are delivering a reliable, premium service while helping our customers meet their own sustainability goals. Recommended Reading ABF Freight expands EV yard truck fleet Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
8 hours ago
- Business
- Yahoo
BofA Raises PT on ArcBest Corporation (ARCB) Amid Leadership Transition
With a low P/E multiple and potential upside for investors, ArcBest Corporation (NASDAQ:ARCB) is among the . An Airbus single-aisle aircraft overfly a major city, showcasing the airline services of the company. On July 17, 2025, BofA increased its price target on ArcBest Corporation (NASDAQ:ARCB) from $74 to $86, maintaining a 'Neutral' rating. The analysts at BofA cited the upcoming leadership change of the company as a critical driver of its future outlook. Judy McReynolds, CEO of ArcBest Corporation (NASDAQ:ARCB), is set to retire, effective December 31, 2025, having served the company as the CEO since 2010. Seth Runser, ARCB's President, who has been with the company for the past 18 years, leading the company's LTL subsidiary, is set to succeed McReynolds. ArcBest Corporation (NASDAQ:ARCB) is an integrated logistics company, offering ground, air, and ocean transportation services. It is on the list of cheap transportation stocks. While we acknowledge the potential of ARCB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Business
- Yahoo
3 Industrials Stocks We Think Twice About
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems confused about where we could go next. This uncertainty has led to a flat return for the industry over the past six months while the S&P 500 was up 4.1%. Investors should tread carefully as timing cyclical companies is a challenging task, and any misstep can have you catching a falling knife. Keeping that in mind, here are three industrials stocks best left ignored. Rockwell Automation (ROK) Market Cap: $40.13 billion One of the first companies to address industrial automation, Rockwell Automation (NYSE:ROK) sells products that help customers extract more efficiency from their machinery. Why Is ROK Risky? Absence of organic revenue growth over the past two years suggests it may have to lean into acquisitions to drive its expansion Earnings per share decreased by more than its revenue over the last two years, showing each sale was less profitable Eroding returns on capital suggest its historical profit centers are aging Rockwell Automation's stock price of $355.02 implies a valuation ratio of 35.6x forward P/E. To fully understand why you should be careful with ROK, check out our full research report (it's free). ArcBest (ARCB) Market Cap: $1.80 billion Historically owning furniture, banking, and other subsidiaries, ArcBest (NASDAQ:ARCB) offers full-truckload, less-than-truckload, and intermodal deliveries of freight. Why Should You Sell ARCB? Declining unit sales over the past two years show it's struggled to increase its sales volumes and had to rely on price increases Earnings per share have dipped by 32.9% annually over the past two years, which is concerning because stock prices follow EPS over the long term Shrinking returns on capital suggest that increasing competition is eating into the company's profitability ArcBest is trading at $78.54 per share, or 12.3x forward P/E. If you're considering ARCB for your portfolio, see our FREE research report to learn more. Universal Logistics (ULH) Market Cap: $662.3 million Founded in 1932, Universal Logistics (NASDAQ:ULH) is a provider of customized transportation and logistics solutions operating throughout the United States and in Mexico, Canada, and Colombia. Why Do We Pass on ULH? Sales tumbled by 5.1% annually over the last two years, showing market trends are working against its favor during this cycle Earnings per share have contracted by 22.9% annually over the last two years, a headwind for returns as stock prices often echo long-term EPS performance Free cash flow margin shrank by 9.6 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive At $25.15 per share, Universal Logistics trades at 8x forward P/E. Check out our free in-depth research report to learn more about why ULH doesn't pass our bar. Stocks We Like More Trump's April 2024 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines. Take advantage of the rebound by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
ArcBest CEO McReynolds to retire
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Longtime ArcBest leader Judy McReynolds will retire as CEO at the end of this year but continue to serve as chairman of the board, the company announced Thursday. Company President Seth Runser will take over as CEO on Jan. 1, 2026, and will also join the board of directors. McReynolds has worked with the Arkansas-based transportation company for 28 years and spent over three decades in the industry. She became CEO of the company in 2010, leading 'the company's transformation into a full-service, multibillion-dollar logistics powerhouse,' ArcBest said in a news release. 'Under her leadership, ArcBest has been a pioneer in the industry, making smart investments and implementing innovative technology at scale to deliver customized logistics solutions and provide a premium customer experience,' lead independent director Steven Spinner said. McReynolds started with the company as director of corporate accounting in 1997 before taking on the roles of controller, VP-controller and chief financial officer. ArcBest announced in 2009 the then 47-year-old would take over as CEO starting Jan. 1, 2010. Runser has spent 18 years with the company and became president in August 2024, a step up from his time as president of ABF Freight, the LTL carrier of ArcBest. He began as a management trainee; he helped the carrier navigate the COVID-19 pandemic as well as record highs in revenues and complete a five-year bargaining unit renewal; and added over 500 doors in recent years. The announcement comes amid further change for the company starting next year — when former C.H. Robinson Worldwide executive Mac Pinkerton will start as ArcBest COO of asset-light logistics on Jan. 5. Retirements of longtime execs are fueling the changes. Pinkerton's announcement fills the retirement of Steven Leonard, who had 24 years of service with the company. Former Chief Innovation Officer Michael Newcity capped over three decades with the company last year as Dennis Anderson took over the role. Recommended Reading Former CH Robinson exec Mac Pinkerton to join ArcBest Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
ArcBest CEO Judy McReynolds to retire
Trucking and logistics provider ArcBest announced that CEO Judy McReynolds will retire at the end of the year, with company President Seth Runser set to succeed her on Jan. 1. McReynolds will continue to serve as the company's chairman after the transition. 'Since her appointment as CEO in 2010, Judy has led ArcBest through transformative change, delivering outstanding results and building a strong foundation for the future,' said Steven Spinner, the board's lead independent director, in a Thursday news release. McReynolds has served at ArcBest (NASDAQ: ARCB) for 28 years and was tapped to lead the company in 2010. She's credited with executing five acquisitions, navigating major industry disruptions and advancing several innovations, like the company's material handling offering, Vaux. During her tenure, ArcBest's annual revenue has more than doubled to $4 billion and its adjusted earnings before interest, taxes, depreciation and amortization has grown to over $300 million. The company has also transitioned from being a predominantly asset-based, less-than-truckload carrier to a full-service trucking and asset-light logistics provider over than time. McReynolds was elected as the company's chairman in 2016. 'It has been a tremendous honor to lead ArcBest and work alongside such a talented and committed team,' McReynolds said. 'Seth has played a pivotal role in ArcBest's evolution into a leading integrated logistics company, helping to deliver record results while steering the team through unprecedented change. I have complete confidence in his leadership and ArcBest's continued success.' Runser will continue in his role as president and will also become a member of the board at the beginning of the year. He's been with the company for 18 years, starting as a management trainee and holding various leadership roles since. He was tapped to lead LTL subsidiary, ABF Freight, in 2021 and became ArcBest's president in August 2024. 'Over the past 18 years, Seth has consistently demonstrated exceptional leadership and achieved strong results,' Spinner said. 'His strategic insight and operational expertise have been instrumental in fostering innovation and advancing ArcBest's customer-centric approach as a leading logistics partner.' The announcement caps several recent leadership changes at ArcBest. In May, ArcBest announced former C.H. Robinson (NASDAQ: CHRW) brokerage head Mac Pinkerton will join the company on Jan. 5 to lead operations at its struggling asset-light logistics business. ArcBest announced 30-year company veteran Eddie Sorg as its new chief commercial officer at the beginning of the year. Matt Godfrey succeeded Runser as president of ABF last August. 'Judy has shaped ArcBest's culture and championed the customer-led approach that defines who we are today and uniquely positions us to serve our customers using various modes of transportation across our integrated suite of solutions,' Runser said. … 'I am committed to carrying that legacy forward and leading ArcBest into the future.' More FreightWaves articles by Todd Maiden: J.B. Hunt still waiting for market to turn LTL pricing index to hit record high in Q3 June produces mixed freight trends, recovery remains 'elusive' The post ArcBest CEO Judy McReynolds to retire appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
