Newsfeeds - Spark Newswire

5 minute read

Rate Guidance Should Drive TL Estimates Higher, Morgan Stanley Says

Today, 4:46 PM

In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida's impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.

ARCB

1 minute read

Morgan Stanley Raises Price Target For Several Transportation Companies

By Akanksha

Today, 4:46 PM

Morgan Stanley analyst Ravi Shanker raised Price Target for some transportation and logistics companies.

ARCB

1 minute read

Morgan Stanley Maintains Overweight on ArcBest, Raises Price Target to $100

By Benzinga Newsdesk

Today, 4:46 PM

Morgan Stanley analyst Ravi Shanker maintains ArcBest (NASDAQ:ARCB) with a Overweight and raises the price target from $96 to $100.

ARCB

1 minute read

Cowen Raises ArcBest Price Target By 16%, Maintains Outperform Rating

By Akanksha

Today, 4:46 PM

Cowen analyst Jason Seidl raised ArcBest Corp’s (NASDAQ:ARCB) price target to $115 (implying an upside of 39.8%) from $99 and maintained an Outperform rating on…

ARCB

1 minute read

Cowen & Co. Maintains Outperform on ArcBest, Raises Price Target to $115

By vishwanath@benzinga.com

Today, 4:46 PM

Cowen & Co. analyst Jason Seidl maintains ArcBest (NASDAQ:ARCB) with a Outperform and raises the price target from $99 to $115.

ARCB

4 minute read

M&A
News

ArcBest® to Acquire MoLo Solutions For $235M, Enhancing Scale and Accelerating Growth

By Michael Horton

Today, 4:46 PM

ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today announced that it has entered into a definitive agreement to acquire MoLo Solutions, LLC ("MoLo"), a Chicago-based truckload

ARCB

3 minute read

ArcBest Sees August Tonnage Dip In Efforts To Bolster LTL Service

By FreightWaves

Today, 4:46 PM

Transportation and logistics provider ArcBest Corp. provided an update on August's trends on Wednesday. The company's asset-based segment, which includes less-than-truckload, saw tonnage decline 4% year-over-year during August, a turnaround from the 5% increase recorded during July.

ARCB

1 minute read

Dividends

Analyzing ArcBest’s Ex-Dividend Date

By Benzinga Insights

Today, 4:46 PM

ArcBest (NASDAQ:ARCB) declared a dividend payable on August 25, 2021 to its shareholders as of July 27, 2021. It was also announced that shareholders of ArcBest's stock as of August 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date.

ARCB

1 minute read

ArcBest: Q2 Earnings Insights

By Benzinga Insights

Today, 4:46 PM

Shares of ArcBest (NASDAQ:ARCB) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 194.03% year over year to $1.97, which beat the estimate of $1.61.

ARCB

1 minute read

ArcBest Q2 Adj. EPS $1.97 Beats $1.61 Estimate, Sales $949.00M Beat $915.95M Estimate

By Bill Haddad

Today, 4:46 PM

ArcBest (NASDAQ:ARCB) reported quarterly earnings of $1.97 per share which beat the analyst consensus estimate of $1.61 by 22.36 percent. This is a 194.03 percent increase over earnings of $0.67 per share from the same

ARCB