Arcbest Corporation · NASDAQ:ARCB
Arcbest — Investor Day (September 2025)
84 slides from Arcbest's investor day presentation, Sep 29, 2025
Slide 1: Welcome – Investor Day
Welcome Investor Day September 29, 2025
Slide 2: Video
Video PLAYING INVESTOR DAY | 2025
Slide 3: Welcome and Opening Remarks
Welcome and Opening Remarks Amy MENDENHALL Vice President Treasury & Investor Relations
Slide 4: Forward Looking Statements
Forward Looking Statements The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this presentation may constitute “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of
Slide 5: Today's Agenda
Today’s 1:00 Welcome and Opening Remarks Amy Mendenhall | Vice President Treasury & Investor Relations Agenda 1:05 Strategic Differentiation Judy R. McReynolds | Chairman, CEO INVESTOR DAY 1:30 Executing with Purpose Seth Runser | CEO-Elect & President 2:00 Break 2:15 Delivering Value Matt Beasley |
Slide 6: Built to Deliver
Built to DELIVER Investor Day September 29, 2025
Slide 7: Strategic Differentiation
Strategic Differentiation Judy McREYNOLDS Chairman and Chief Executive Officer
Slide 8: At a Glance
AT A GLANCE NASDAQ: ARCB We are a leading integrated logistics company that leverages technology and a full suite of solutions to meet customers’ supply chain needs 1923 ~$400B 99% 14K EMPLOYEES Founded Addressable United States 30K Market* Coverage CUSTOMERS ~240 ~40K TOP 15 Asset-Based Service Cen
Slide 9: Diversified Customer Base
DIVERSIFIED CUSTOMER BASE Industry 30K CUSTOMERS Manufacturing Wholesalers 12% 36% Transportation/Utilities 12% Top 10 Customers account for only Retailers 11% 13% of 2024 consolidated Business Services 9% revenues Other 20% INVESTOR DAY | 2025 Customer-base statistics as of 2Q 2025. 9
Slide 10: Motto, Mission, Vision, Strategy and Values
M O T T O : “We’ll find a way” MISSION VISION STRATEGY To connect and To be the leading To drive long-term positively impact logistics partner and value by delivering a the world through innovator, working premium experience solving logistics with customers to and growing informed, challenges build
Slide 11: Experienced, Engaged Executive Team
EXPERIENCED, ENGAGED EXECUTIVE TEAM Judy R. McReynolds Seth Runser Matt Godfrey Matt Beasley Christopher Adkins Chairman and Chief CEO-elect and President of Chief Financial Officer Chief Strategy Officer Executive Officer President ABF Freight Employee since 2022 Employee since 2012 Employee since
Slide 12: Well-Positioned to Deliver Sustainable Value Through Key Differentiators
WELL-POSITIONED TO DELIVER SUSTAINABLE VALUE THROUGH KEY DIFFERENTIATORS CUSTOMER LED DIVERSE & FLEXIBLE CAPACITY SOLUTIONS INNOVATIVE SPIRIT VALUES-DRIVEN CULTURE PROVEN TRACK RECORD INVESTOR DAY | 2025 12
Slide 13: Building Trust Through Customer-Led Conversations
CUSTOMER LED BUILDING TRUST THROUGH CUSTOMER-LED CONVERSATIONS Customers have Customers use Customers want a increasingly complex multiple modes to keep trusted advisor and supply chains supply chains moving strategic partner “ArcBest is the most holistic solution to supply chain and logistics. No o
Slide 14: ArcBest Is a Strategic Partner to Customers
CUSTOMER LED ARCBEST IS A STRATEGIC PARTNER TO CUSTOMERS CUSTOMERS PARTNERING WANT WITH CUSTOMERS AND NEED TO PROVIDE ArcBest Actionable Supply Chain Insights Seamlessly Flexibility Efficiency Connects Operational Efficiencies Customers & Resiliency Reliability Capacity Cost Savings INVESTOR DAY | 2
Slide 15: Managed Solutions
CUSTOMER LED MANAGED SOLUTIONS ArcBest is a 3PL with assets – servicing Managed Solutions business with internal and external capacity sources Planning & Tech & Execution Visibility • Supply Chain • Technology • End-to-End Optimization Enabled Visibility Integrations & Reporting • Network Design and
Slide 16: ArcBest Solves Customers' Needs Through Multiple Services
CUSTOMER LED ARCBEST SOLVES CUSTOMERS’ NEEDS THROUGH MULTIPLE SERVICES Managed Less-than- Truckload Expedite Truckload and Other Services Customers use an average of 4 services INVESTOR DAY | 2025 16
Slide 17: Customer Led Strategy Yields Results
CUSTOMER LED CUSTOMER LED STRATEGY YIELDS RESULTS > 70% Asset-Light + 3x > Revenue 5% Higher Asset-Based & Profit Customer Retention Over 70% of Revenue & Profit per Retention rates are 5 customers who use account is over 3X higher percentage points higher on Asset-Light services also utilize on cro
Slide 18: Cross-Sell Case Study: Top Auto Manufacturer
CUSTOMER LED CROSS-SELL CASE STUDY: Top 10 Auto Manufacturer LONGER CUSTOMER LIFECYCLES LEAD TO ENHANCED VALUE 2.75x REVENUE $47M INCREASE REVENUE $17M Vaux Smart REVENUE Expanded to Autonomy Expanded into Managed Solutions Pilot Expanded into Full Truckload – reengineering Less-than- the supply cha
Slide 19: ArcBest Is a Trusted Partner
CUSTOMER LED ARCBEST IS A TRUSTED PARTNER “ArcBest has an excellent team, they are always “ArcBest is a first-class 99% available to help” organization and a true partner” Retention Deep Customer Of our top 500 “ArcBest is always willing to help” customers Relationships 80% From 2023 to 2024 “Everyt
Slide 20: Diverse & Flexible Capacity Solutions
DIVERSE & FLEXIBLE CAPACITY SOLUTIONS OWNED AND SOURCED CAPACITY ~240 ~40K Service Owned ~600Owner Centers Equipment Operators LTL Expedite TOP 15 U.S. Truckload 70K+ Contract Broker Third-Party Carriers Truckload Contract Carriers Enables excellent service for customers regardless of transportation
Slide 21: Award Winning Service
DIVERSE & FLEXIBLE CAPACITY SOLUTIONS AWARD WINNING SERVICE Exceeded Industry Benchmark for 19 Years Excellence in Security 19x Excellence in The Only Cargo Claims 10+ Winner DELIVERING ON-TIME AND DAMAGE FREE ENABLES: Claims Website #1 Process #1 Ease of Use Revenue growth Price alignment with valu
Slide 22: Innovation – Built to Deliver for What's Next
INNOVATIVE SPIRIT INNOVATION – BUILT TO DELIVER FOR WHAT’S NEXT Created Innovation team with priorities closely aligned to business goals Close connectivity to start-up community Focus on long-term Culture encourages new idea generation transformation with near-term agility Innovation ambassadors tr
Slide 23: History of Forward-Thinking Innovation
INNOVATIVE SPIRIT HISTORY OF FORWARD- THINKING INNOVATION 1960s 2021 2023 Adopted IBM Accelerated ABF Launched Award- Computing Systems Optimization Winning Vaux Solution 1990s 2000s 2024+ U.S. Patent #: 7,003,720 Migrated Docks and Built and Launched First Street to Paperless Digital Transformation
Slide 24: Innovative Mindset Fuels Continuous Improvement
INNOVATIVE SPIRIT INNOVATIVE MINDSET FUELS CONTINUOUS IMPROVEMENT CUSTOMER NEED OUR RESPONSE Trusted advisor and partner Managed Solutions Improved retail compliance Retail + Easier way to procure LTL – customers move to quote every shipment Dynamic Pricing End-to-end visibility of freight movement
Slide 25: Vaux Solves Real Challenges
INNOVATIVE SPIRIT VAUX SOLVES REAL CHALLENGES ~7,500 Forklift injuries in the US INJURIES that require days away from work -THE WALL STREET JOURNAL $50B Higher Customer Expectations MARKET SOURCE: OSHA “The Labor Shortage is Why OPPORTUNITY Supply Chains Are Disrupted” - FORTUNE BUSINESS - FORBES IN
Slide 26: Vaux Technology Suite
INNOVATIVE SPIRIT VAUX TECHNOLOGY SUITE VAUX PRIMARY PRIMARY SOLUTION CUSTOMER NEED BENEFIT Reduces transportation costs 25-50% for non- Freight stackable workflows More Efficient Movement System Way to Work 90% faster loading and unloading; ideal for shuttle-style operations Autonomy with human-in-
Slide 27: People Strength
VALUES-DRIVEN CULTURE PEOPLE STRENGTH 83% of employees plan to be working at ArcBest in 5 years 90% of employees recommend ArcBest as a great place to work ArcBest Compared to Other Large Companies: AVERAGE TENURE: 9 Higher Engagement (1) Lower Turnover (2) YEARS 7 pts ~30% Non-Union Other Companies
Slide 28: ArcBest Is Delivering Solid Results
PROVEN TRACK RECORD ARCBEST IS DELIVERING SOLID RESULTS Operating Earnings Revenues +49% Income +81% Per Share +112% $6.28 $4.2 $203 $2.8 $2.96 $112 2019 2024 2019 2024 2019 2024 Revenues Operating Income Earnings Per Share ($B, unaudited) (1) ($M) (Non-GAAP, unaudited) (2) (Non-GAAP, unaudited) (2)
Slide 29: ArcBest Is Driving Operating Ratio Improvements
PROVEN TRACK RECORD ARCBEST IS DRIVING OPERATING RATIO IMPROVEMENTS 94.5% 95% 94.2% 91.2% 330 bps 90.4% 90% 88.8% 86.4% IMPROVEMENT 85% 80% In Asset-Based OR (Non-GAAP) 75% 2019 2020 2021 2022 2023 2024 FREIGHT RECESSION COVID-19 IMPACTS FREIGHT RECESSION Union Pension Impact on Operating Ratio INVE
Slide 30: Investing Through Cycles to Position for the Future
PROVEN TRACK RECORD INVESTING THROUGH CYCLES TO POSITION FOR THE FUTURE Transition into U-Pack Logistics with Data Analytics Moving Panther and AI Innovation Business Acquisition Infrastructure Portfolio 1997 2012 2019 2021 2012 2019-2025 2021 2021 - 2025 Strategic Vaux Freight Added Truckload Netwo
Slide 31: Well-Positioned to Deliver Sustainable Value Through Key Differentiators
WELL-POSITIONED TO DELIVER SUSTAINABLE VALUE THROUGH KEY DIFFERENTIATORS CUSTOMER LED DIVERSE & FLEXIBLE CAPACITY SOLUTIONS INNOVATIVE SPIRIT VALUES-DRIVEN CULTURE PROVEN TRACK RECORD INVESTOR DAY | 2025 31
Slide 32: Executing with Purpose
Executing with Purpose Seth RUNSER CEO-Elect & President
Slide 33: Strategic Pillars
STRATEGIC PILLARS Accelerating PROFITABLE GROWTH Increasing EFFICIENCY Driving INNOVATION INVESTOR DAY | 2025 33
Slide 34: Strategic Pillars: Profitable Growth
STRATEGIC PILLARS ✓ Refined Go-to-Market Approach Accelerating ✓ Maintaining Yield Discipline PROFITABLE GROWTH ✓ Expanding Quote Pool ✓ Enhancing Customer Service and Visibility Tools Increasing EFFICIENCY Driving INNOVATION INVESTOR DAY | 2025 34
Slide 35: Refined Go-to-Market Approach
ACCELERATING PROFITABLE GROWTH REFINED GO-TO-MARKET APPROACH Aligned Growth Engine Teams Customer Obsessed Revenue Engine Accelerating Managed Opportunities Growing Core LTL Business Customer Marketing Yield Sales Growing Truckload Service Business & Optimizing Mix Enhancing Expedite Growth INVESTOR
Slide 36: Accelerating Managed Opportunities
ACCELERATING PROFITABLE GROWTH ACCELERATING MANAGED OPPORTUNITIES As Managed Solutions grows, it benefits all solutions 90% Managed feeds LTL, Truckload and Expedite 44% CAGR ‘17-24 Retention $1B & G R O W I N G Customers shipped in 2024, retained in 2025 PIPELINE as of 2Q 2025 Growth initiatives, d
Slide 37: Growing Core LTL Business
ACCELERATING PROFITABLE GROWTH GROWING CORE LTL BUSINESS Clear Prioritization Focused Sales Campaign Narrowing the focus on new core Shipments per Day Growth Targets LTL shipment growth 6000 Focused Sales Campaign 5000 Launched in 2024, resulted in ~2,000 new core LTL shipments per 4000 day and grow
Slide 38: Price Grows as We Deliver and Build Trust
ACCELERATING PROFITABLE GROWTH PRICE GROWS AS WE DELIVER AND BUILD TRUST Revenue per CWT Year One Demonstrates +Low Double Value Digit % Tonnage with first-year accounts grew by ~70% in the second year, while securing average revenue per cwt growth in the low double digits. Market Growth Growth Year
Slide 39: Growing Truckload Business and Optimizing Mix
ACCELERATING PROFITABLE GROWTH GROWING TRUCKLOAD BUSINESS AND OPTIMIZING MIX INVESTMENT STRUCTURE FOCUS Sales teams to Restructured Generate higher Revenue Diversification expand presence to accelerate margin revenue % of Total Truckload Revenue in SMB space growth growth 40% Profit per Load TTM ave
Slide 40: Enhancing Expedite Growth
ACCELERATING PROFITABLE GROWTH ENHANCING EXPEDITE GROWTH Best-in-class Expedite service that meets every customer deadline TOP 5 Provider of Expedite 98% O N - T I M E SUCCESS YoY Net Margin Expansion of Services in the U.S. Measured within 15 140 Basis Points minutes of the promised As of 2Q’25 pic
Slide 41: Tech-Enabled Yield Expertise
ACCELERATING PROFITABLE GROWTH TECH-ENABLED YIELD EXPERTISE Decades of rich knowledge of growth and profit drivers coupled with disciplined execution 1980’s 1992 2017 2020 Costing Model Cost Calculator Space-based Pricing Dynamic Pricing Built years before Using AI and predictive First in industry t
Slide 42: Maintaining Yield Discipline Through Centralized Pricing Strategy
ACCELERATING PROFITABLE GROWTH MAINTAINING YIELD DISCIPLINE THROUGH CENTRALIZED PRICING STRATEGY Cost Market Value How much will it What is the What additional value cost to handle? market price? are we providing? Revenue/CWT Revenue/Shipment Strongest $550 $50 LTL Pricing Metrics Among Competitors
Slide 43: Expanding Quote Pool
ACCELERATING PROFITABLE GROWTH EXPANDING QUOTE POOL Dynamic pricing leads to capacity utilization at optimized price and channel Quote Pool Right Offer Market Pricing Proprietary Labor Planning Dynamic Right Channel Capacity Technology Right Time Costing INVESTOR DAY | 2025 43
Slide 44: Video
Video PLAYING INVESTOR DAY | 2025
Slide 45: Expanding Quote Pool Drives Profitable Growth
ACCELERATING PROFITABLE GROWTH EXPANDING QUOTE POOL DRIVES PROFITABLE GROWTH ArcBest View TMS Providers Profitable Selectively fill capacity to Growth 3PLs optimize yield and profitability NMFC Changes INVESTOR DAY | 2025 45
Slide 46: Enhancing Customer Service and Visibility Tools
ACCELERATING PROFITABLE GROWTH ENHANCING CUSTOMER SERVICE AND VISIBILITY TOOLS ARCBEST INITIATIVES Continuous Investing in Onboarding Continuation of Increasing Digital Focusing on Key Improvement Teams and Retention Teams Quality Training Connectivity Account Management and Ops Optimization to Redu
Slide 47: Enhancing Customer Service and Visibility Tools
ACCELERATING PROFITABLE GROWTH ENHANCING CUSTOMER SERVICE AND VISIBILITY TOOLS Improving customer digital options leads to enhanced customer experience Customer Service Interactions are Decreasing ArcBest Virtual Assistant (AVA) Improving ETA accuracy ~20% Less Reducing customer service interactions
Slide 48: Enhancing Customer Service with the Launch of ArcBest View
ACCELERATING PROFITABLE GROWTH ENHANCING CUSTOMER SERVICE WITH THE LAUNCH OF ARCBEST VIEW New customer Differentiated digital service platform experience Drives more volume Set to roll out to each solution publicly in 2026 INVESTOR DAY | 2025 48
Slide 49: Key Takeaways
ACCELERATING PROFITABLE GROWTH KEY TAKEAWAYS Aligned Growth Engine Teams TECH-ENABLED Accelerating Managed Opportunities YIELD EXPERTISE Growing Core LTL Business Refined Growing Truckload Business Maintaining Go-to-Market & Optimizing Mix Yield CENTRALIZED Enhancing Expedite Growth PRICING STRATEGY
Slide 50: Strategic Pillars: Efficiency
STRATEGIC PILLARS ✓ Refined Go-to-Market Approach Accelerating ✓ Maintaining Yield Discipline PROFITABLE GROWTH ✓ Expanding Quote Pool ✓ Enhancing Customer Service and Visibility Tools Increasing ✓ Network Capacity EFFICIENCY ✓ Fleet Optimization ✓ Continuous Improvement Training Driving INNOVATION
Slide 51: Network Capacity
INCREASING EFFICIENCY NETWORK CAPACITY Disciplined investments in our long-term LTL network facility roadmap Strategically Adding Capacity ENABLES: ~800 Net Door Expansion Since 2021 Revenue Growth 9,635 9,497 138 9,254 243 IMPROVES: 299 8,955 Efficiency 8,820 135 9,254 9,497 8,955 Productivity 8,82
Slide 52: Network Capacity
INCREASING EFFICIENCY NETWORK CAPACITY Proximity to customers is valuable ~240 service centers Strategic coverage Lean, efficient network Premium service INVESTOR DAY | 2025 52
Slide 53: Network Capacity
INCREASING EFFICIENCY NETWORK CAPACITY Network optimization drives linehaul efficiency Trailer Capacity Utilization Investment in Network Tools and Training 8 million miles reduced vs. 2021 +4.9% CAGR Improved Equipment Utilization Rates 1% improvement = $9M annualized cost savings 2017 2018 2019 20
Slide 54: Fleet Optimization
INCREASING EFFICIENCY FLEET OPTIMIZATION Disciplined investments in our fleet Fleet Investment Fleet Efficiency Safety Sustainability • $160M annual • Maintaining young • Piloting speed • Testing electric reinvestment cycle and modern fleet limiter and control vehicles as of 2Q’25 technology • Optim
Slide 55: Continuous Improvement Training
INCREASING EFFICIENCY CONTINUOUS IMPROVEMENT TRAINING Positioning our people for success Significant Runway to Expand Benefits • Culture of continuous improvement by Training Additional Locations • Deploying training teams Total # Location Visits • Expanding transfer capacity and performance 2026 ma
Slide 56: Strategic Pillars: Innovation
STRATEGIC PILLARS ✓ Refined Go-to-Market Approach Accelerating ✓ Maintaining Yield Discipline PROFITABLE GROWTH ✓ Expanding Quote Pool ✓ Enhancing Customer Service and Visibility Tools Increasing ✓ Network Capacity EFFICIENCY ✓ Fleet Optimization ✓ Continuous Improvement Training Driving ✓ Innovatio
Slide 57: Innovation Portfolio
DRIVING INNOVATION INNOVATION PORTFOLIO 70+ 45% 25% Drives growth, ongoing cost savings and service Projects Implemented In Pilot Stages improvements Idea Pilot Learn Refine Expand Operationalize Iterative approach for optimization efforts INVESTOR DAY | 2025 57
Slide 58: Optimization Example
DRIVING INNOVATION OPTIMIZATION EXAMPLE City Route Optimization Phase 1 CITY ROUTE OPTIMIZATION TOOLS Realized Annual Savings Optimized Daily Demand Optimized $13M+ Per Year Delivery Routes Projections Pickup Routes K E Y F E A T U R E S Dynamic route Leverages AI to Integrates with optimization red
Slide 59: Technology Roadmap
DRIVING INNOVATION TECHNOLOGY ROADMAP Blending human relationships + tech to support processes and improve productivity Inbound Call Quote Email Automation Capacity Augmentation Sourcing Augmentation Pricing Enhancements Carrier Appointment Portal Scheduling INVESTOR DAY | 2025 59
Slide 60: Strategic Pillars Built to Deliver
STRATEGIC PILLARS BUILT TO DELIVER ✓ Refined Go-to-Market Approach Accelerating ✓ Maintaining Yield Discipline PROFITABLE GROWTH ✓ Expanding Quote Pool ✓ Enhancing Customer Service and Visibility Tools Increasing ✓ Network Capacity EFFICIENCY ✓ Fleet Optimization ✓ Continuous Improvement Training Dr
Slide 61: 15-Minute Break
15-Minute BREAK Investor Day September 29, 2025
Slide 62: Delivering Value
Delivering Value Matt BEASLEY Chief Financial Officer
Slide 63: Historical Financial Performance 2019-2024
HISTORICAL FINANCIAL PERFORMANCE 2019 -2024 Proven Track Record of Driving Value MARGIN IMPROVEMENT EPS GROWTH ROCE 330 bps improvement 112% growth 15% in Asset-Based OR in EPS Annual average (Non-GAAP) (Non-GAAP) (Non-GAAP) OPERATING CAPITAL STRONG CASH FLOW RETURNED BALANCE SHEET ~$300M Nearly $40
Slide 64: Strategic Pillars Built to Deliver
STRATEGIC PILLARS BUILT TO DELIVER Accelerating PROFITABLE GROWTH Disciplined Shareholder + = Increasing Capital Value EFFICIENCY Allocation Creation Driving INNOVATION INVESTOR DAY | 2025 64
Slide 65: Asset-Based Margin Expansion & Growth
ASSET-BASED MARGIN EXPANSION & GROWTH 2028 Non-GAAP Operating Ratio Target: 87 to 90 Non-GAAP Operating Ratio K E Y D R I V E R S : Rev/ship to outpace cost by ~80 bps/yr on average Revenue per Shipment Changes 95 90 Go-to-market strategy 90 Target Yield Optimization & Quote Pool Expansion Range Imp
Slide 66: Profitably Scaling Asset-Light
PROFITABLY SCALING ASSET-LIGHT 2028 Non-GAAP Operating Income Target: $40 to $70 Million Solution Non-GAAP Op Income Contribution K E Y D R I V E R S : Go-to-market strategy $70 $70M Rising demand for managed $60 solutions Target Range $50 Truckload Cyclical market tailwinds $40M $40 Experienced lea
Slide 67: Market Tailwinds and Pathways to Outperformance
MARKET TAILWINDS AND PATHWAYS TO OUTPERFORMANCE Modeled Impact Upside Potential Up to 140 bps operating ratio improvement if industrial Manufacturing ASSET-BASED production returns to 2000–2019 trend 100 bps Non-GAAP OR Up to 100 bps operating ratio improvement Housing improvement (50 bps from U-Pac
Slide 68: Balanced Approach to Capital Allocation
BALANCED APPROACH TO CAPITAL ALLOCATION Prioritizing high-return, organic Sustain & investments in real estate, equipment, Drive Growth and innovative projects $400M Return Returning cash to shareholders through TO Capital share repurchases and dividends $500M Mergers & Selectively using mergers & a
Slide 69: Capital Intensity Decreasing
CAPITAL INTENSITY DECREASING Capital Expenditures % of Revenue K E Y D R I V E R S : 5.5% Normalization following ‘22-‘25 strategic investments 4% Asset-Light strategy requires minimal capital Below Efficiency gains from tech, training, 5% process improvements Rigorous capital investment evaluation
Slide 70: Strong Return of Capital
RETURN OF CAPITAL Increasing returns to shareholders through dividends and share repurchases $125M New $125M share repurchase program authorized $500M Nearly $500M returned to shareholders since 2019 STRONG OUTLOOK Generates significant free cash flow, enabling opportunistic share 2019 2020 2021 202
Slide 71: Solid Financial Foundation
SOLID FINANCIAL FOUNDATION Net Debt to EBITDA ~$400M (Non-GAAP)(1) 2.0 Potential Future 1.5 Debt Capacity(2) 1.0 ~$400M 0.5 Cash and Current Debt Capacity 0.0 2019 2020 2021 2022 2023 2024 2025F -0.5 ~$800M of Current and S&P 500 Net Debt to EBITDA ArcBest Debt to EBITDA Potential Capacity 1) See Re
Slide 72: Path to Non-GAAP EPS Expansion
P A T H T O N O N - G A A P E P S E X P A N S I O N (1) $16.00 $13.50 $14.00 $12.00 $10.00 $8.00 $6.40 $6.00 $4.00 $2.00 2024 Asset-Based Asset-Based Asset-Light 2028 Actual(2) OR Improvement Shipment Growth Op Income Improvement Potential 1) Non-GAAP diluted EPS assumes consistent outstanding share
Slide 73: 2028 Financial Targets
2028 FINANCIAL TARGETS Margin Expansion and Growth 87%-90% Strong EPS Growth $12-$15 Asset-Based Non-GAAP Operating Ratio (1) $40M-$70M Non-GAAP Diluted EPS (1)(2) Asset-Light Non-GAAP Operating Income (1) $400M-$500M Annual Operating Cash Flow 16-19% Non-GAAP Return on Capital Employed (1) 1) See R
Slide 74: Strategic Pillars Built to Deliver
STRATEGIC PILLARS BUILT TO DELIVER Accelerating PROFITABLE GROWTH Disciplined Shareholder + = Increasing Capital Value EFFICIENCY Allocation Creation Driving INNOVATION INVESTOR DAY | 2025 74
Slide 75: Question & Answer
Question & Answer Investor Day September 29, 2025
Slide 76: Built to Deliver
Built to DELIVER Investor Day September 29, 2025
Slide 77: Reconciliations of GAAP to Non-GAAP Financial Measures
ADDITIONAL INFORMATION Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) Note: ArcBest Corporation reports its financial results in accordance with generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP performance measures utilized for
Slide 78: ArcBest Consolidated
ADDITIONAL INFORMATION ArcBest RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES* (Unaudited) 2019 2024 Consolidated ArcBest Corporation – Consolidated ($ millions) (continuing operations)(1) Operating Income *See “Notes to Non-GAAP Amounts on a GAAP basis $57.9 $ 244.4 Financial Tables” for fo
Slide 79: ArcBest Consolidated
ADDITIONAL INFORMATION (Unaudited) ArcBest RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES* 2019 2024 Consolidated ArcBest Corporation – Consolidated (continuing operations)(1) Diluted Earnings Per Share Amounts on a GAAP basis $ 1.33 $ 7.28 *See “Notes to Non-GAAP Financial Tables” for footn
Slide 80: ArcBest Consolidated – Return on Capital Employed
ADDITIONAL 2019 2020 2021 2022 2023 2024 RETURN ON CAPITAL EMPLOYED (ROCE)(14) INFORMATION ($ millions) Net Income (Amounts on a GAAP basis from continuing operations) $ 35.2 $ 67.3 $ 210.5 $ 294.6 $ 142.2 $ 173.4 Non-GAAP Adjustments ArcBest Innovative technology costs, after-tax (includes related
Slide 81: ArcBest Consolidated Adjusted EBITDA
ADDITIONAL INFORMATION ArcBest CONSOLIDATED ADJUSTED EBITDA(21) 2019 2020 2021 2022 ($ millions) 2023 2024 Consolidated Net Income (Amounts on a GAAP basis from continuing operations) $ 35.2 $ 67.3 $ 210.5 $ 294.6 $ 142.2 $ 173.4 (continuing operations)(1) Non-GAAP Adjustments Interest and other rel
Slide 82: Notes to Non-GAAP Financial Tables
ADDITIONAL INFORMATION ArcBest Consolidated (continuing operations)(1) Notes to Non-GAAP Financial Tables The following footnotes apply to the non-GAAP financial tables on the additional information slides in this presentation. 1) Historical results of FleetNet have been excluded from results for al
Slide 83: Asset-Based
ADDITIONAL INFORMATION Asset-Based (Unaudited) RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES 2019 2020 2021 2022 2023 2024 Asset-Based ($ millions, except percentages) Operating Income Amounts on a GAAP basis $ 102.1 95.2% $ 98.9 95.3% $ 260.7 89.9% $ 381.1 87.3% $ 253.2 91.2% $ 242.6 91.2%
Slide 84: Forward-Looking Non-GAAP Financial Measures
ADDITIONAL INFORMATION Forward-Looking Non-GAAP Financial Measures All forward-looking financial targets in this presentation assume a consolidated (Unaudited) tax rate of 25%. RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES* 2028 Target Consolidated non-GAAP earnings per share and non-GAAP r