Business
ArcBest Announces Further Progress on Environmental, Social and Corporate Governance Initiatives
FORT SMITH, Ark., July 20, 2022 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today provided an update on the significant
About this update from Arcbest Corporation
[{"type":"text","content":"FORT SMITH, Ark., July 20, 2022 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today provided an update on the significant progress the company has made advancing its Environmental, Social and Corporate Governance (\"ESG\") priorities. This update follows the release of ArcBest's third annual ESG report in June.\n\n \n \n\n \n\"The actions we've taken already this year demonstrate ArcBest's commitment to investing in and advancing ESG initiatives that are critical to our business, our customers' businesses, and the world we live in — and we are not slowing down,\" said Judy R. McReynolds, ArcBest chairman, president and CEO. \"As we press forward, we are investing in innovative technologies, developing our talented and hardworking employees, enhancing ArcBest's capabilities and service for customers, and focusing on the sustainability of our operations and supply chains across the world. We are confident that our proactive approach will differentiate ArcBest as a sustainable investment opportunity and an industry leader.\"\nFulfilling the company's commitment to conduct business in a way that helps build a safer, more sustainable and more inclusive company and world, and aligning with its materiality assessment completed at the end of 2021, ArcBest made notable progress in several areas throughout the first part of 2022:\nPurchased electric straight trucks to pilot at its ABF Freight service center in San Bernardino, California: The company purchased a pair of electric \"Lion6\" Class 6 straight trucks from Lion Electric, a leading manufacturer of zero-emissions vehicles in North America. Early testing will assess where electric vehicles fit best in less-than-truckload operations and options for charging infrastructure.The company also recently purchased Orange EV electric yard tractors, soon to be in operation at ABF service centers in San Bernardino, California; Dallas, Texas; and Salt Lake City, Utah, as well as Mitsubishi lithium-ion battery electric forklifts in operation ABF's Kansas City, Missouri, service center.Joined with partners across the transportation industry to end human trafficking: ArcBest has been a long-time supporter of the fight against human trafficking through its partnerships with Truckers Against Trafficking® and Polaris. In June 2022, ArcBest expanded its human rights eff...