Why ArcBest Stock Drove Off the Road Today
ARCBArcBest(ARCB) The Motley Fool·2024-05-01 03:25

Earnings were weak as truckers continue to drive through a soft patch. A miserable earnings season for the trucking sector continued on Tuesday with results from ArcBest (ARCB -12.89%). Shares of the Arkansas-based transportation and logistics provider traded down 13% as of 2:30 p.m. ET following the release of its quarterly earnings report. A cool climate for demand ArcBest investors were likely fearing the worst, ahead of the company's earnings release. A number of trucking stocks that have already report ...