ArcBest Announces Third Quarter 2025 Results

About this update from Arcbest Corporation

[{"type":"text","content":" \n \nAsset-Based shipment and tonnage growth despite soft freight environment\n \n \nAsset-Light achieves record volumes and productivity\n \n \nOver $66 million returned to shareholders through share repurchases and dividends year-to-date\n \n \n FORT SMITH, Ark. --(BUSINESS WIRE)--\n ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced financial results for the third quarter ended September 30, 2025 .\n \nThird quarter 2025 revenue totaled $1.0 billion , compared to $1.1 billion in the prior-year period. Net income from continuing operations was $39.3 million , or $1.72 per diluted share, versus $100.3 million , or $4.23 per diluted share, in the third quarter of 2024, which included a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to the MoLo acquisition. On a non-GAAP basis, net income was $33.4 million , or $1.46 per diluted share, compared to $38.8 million , or $1.64 per diluted share, in the prior year.\n \n“ArcBest continues to deliver, even in this challenging freight environment,” said Judy R. McReynolds , ArcBest Chairman and CEO. “We achieved growth in LTL shipments and tonnage, and our Asset-Light segment delivered record shipment volumes and productivity. These results underscore the strength of our customer relationships and the value of our integrated solutions.”\n \n Results of Operations Comparisons \n \n Asset-Based \n \n Third Quarter 20 25 Versus Third Quarter 20 24 \n \n \nRevenue of $726.5 million compared to $709.7 million , a per-day increase of 1.6 percent\n \n \nTonnage per day increase of 2.3 percent\n \n \nShipments per day increase of 4.3 percent\n \n \nBilled revenue per hundredweight decrease of 1.1 percent\n \n \nOperating income of $70.2 million and an operating ratio of 90.3 percent, which includes $15.9 million of net gains on asset sales, compared to $64.0 million and an operating ratio of 91.0 percent\n \n \nExcluding asset gains, non-GAAP operating income of $54.4 million and an operating ratio of 92.5 percent, compared to $64.0 million and an operating ratio of 91.0 percent\n \n \nTonnage growth was driven by a 4.3 percent increase in daily shipments, primarily from newly onboarded core LTL customers. This was partially offset by a 1.9 percent decline in total weight per shipment. While new shipments were generally heavier, ongoing weakness in the manufacturing sector continues to pressure weight per shipment metrics, reducing revenue per shipment without corresponding cost decreases.\n \nTo support shipment growth, labor was added, and network capacity was supplemented with purchased transportation and local cartage during peak vacation season. Annual increases in contracted union labor rates, combined with higher purchased transportation spending and equipment depreciation, drove operating expenses higher. Despite these pressures, cost per shipment improved one percent year-over-year as a result of continued productivity gains. Cartage and purchased transportation costs normalized in September after elevated activity in July and August.\n \nCustomer contract renewals and deferred pricing agreements averaged a 4.5 percent increase during the quarter. Billed revenue per hundredweight, including and excluding fuel, decreased by 1.1 percent in the third quarter, compared to the third quarter of 2024. Price improvements were offset by a shift in freight profile. Overall, LTL industry pricing remains rational.\n \nCompared sequentially to the second quarter of 2025, third quarter revenue and shipments per day were flat, while weight per shipment declined 3.9 percent, resulting in a 3.7 percent decrease in tonnage per day. Billed revenue per shipment decreased 0.6 percent as price improvements were offset by lower-weight shipments. Billed revenue per hundredweight increased 3.4 percent, reflecting the lower-weight shipments, combined with higher prices and fuel surcharges. Excluding fuel surcharges, revenue per hundredweight increased in the low single digits. The sequential non-GAAP operating ratio improved by 30 basis points.\n \n Asset-Light \n \n Third Quarter 2025 Versus Third Quarter 2024 \n \n \nRevenue of $356.0 million compared to $385.3 million , a per-day decrease of 8.3 percent\n \n \nOperating loss of $1.6 million compared to operating income of $84.8 million , which included the $91.9 million pre-tax reduction in the fair value of contingent consideration related to the MoLo earnout\n \n \nOn a non-GAAP basis, operating income of $1.6 million compared to operating loss of $3.9 million \n \n \nAdjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”), as defined in the attached non-GAAP reconciliation tables, of $3.1 million compared to negative $2.1 million \n \n \nRevenue decline was primarily due to lower revenue per shipment in a soft-rate environment and a higher mix of managed transportation business, which typically involves smaller, lower-revenue shipments. A 2.5 percent increase in shipments per day reflects continued growth in managed solutions, partially offset by a strategic reduction in less profitable truckload volumes.\n \nDespite revenue declines, the Asset-Light segment delivered $1.6 million of non-GAAP operating income, supported by record volumes, improved margins and disciplined cost management. Productivity, measured by shipments per person per day, reached an all-time high during the quarter.\n \nCompared sequentially to second quarter of 2025, daily revenue increased 3.3 percent, driven by a 10.1 percent increase in shipments per day. This increase was offset by a 6.2 percent decline in revenue per shipment, reflecting a higher proportion of smaller, lower-revenue managed solutions shipments. However, increased revenues combined with productivity gains contributed to improved financial performance.\n \n Conference Call \n \n ArcBest will host a conference call with company executives to discuss the quarterly results. The call will be today, Wednesday, November 5, 2025 , at 9:30 a.m. ET ( 8:30 a.m. CT ). Interested parties are invited to listen by calling (800) 715‑9871 or by joining the webcast which can be found on ArcBest’s website at arcb.com . Slides to accompany this call are included in Exhibit 99.3 of the Form 8-K filed on November 5, 2025 , will be posted and available to download on the company’s website prior to the scheduled conference time, and will be included in the webcast. Following the call, a recorded playback will be available through the end of the day on November 19, 2025 . To listen to the playback, dial (800) 770-2030. The conference call ID for the live conference call and the playback is 6423434. The conference call and playback can also be accessed through November 19, 2025 , on ArcBest’s website at arcb.com .\n \n About ArcBest \n \n ArcBest ® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of innovation that is enriched by deep customer relationships. With a commitment to helping customers navigate supply chain challenges now and in the future, the company is developing ground-breaking technology like Vaux ™, one of the TIME Best Inventions of 2023. For more information, visit arcb.com .\n \n The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. Terms such as “anticipate,” “believe,” “could,” “designed,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “likely,” “may,” “plan,” “predict,” “project,” “scheduled,” “seek,” “should,” “would,” and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management’s beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct and caution the reader not to place undue reliance on our forward-looking statements. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: data privacy breaches, cybersecurity incidents, and/or failures of our information systems, including disruptions or failures of services essential to our operations or upon which our information technology platforms rely; interruption or failure of third-party software or information technology systems, including but not limited to licensed software; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with, new or enhanced technology or processes; the loss or reduction of business from large customers or an overall reduction in our customer base; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of acquisitions and the inability to realize the anticipated benefits of the acquisition within the expected time period or at all; unsolicited takeover proposals, proxy contests, and other proposals or actions by activist investors; maintaining our corporate reputation and intellectual property rights; establishing and maintaining adequate internal controls over financial reporting; nationwide or global disruption in the supply chain resulting in increased volatility in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of equipment, including new revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates, and the inability to collect fuel surcharges; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight’s collective bargaining agreement; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner-operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; the effects, costs and potential liabilities related to changes in and compliance with, or violation of, existing or future governmental laws and regulations, including, but not limited to, environmental laws and regulations, such as emissions-control regulations and fuel efficiency regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims, insurance premium costs, and loss of our ability to self-insure; potential impairment of long-lived assets and goodwill and intangible assets; the effects of a widespread outbreak of an illness or disease or any other public health crisis, as well as regulatory measures implemented in response to such events; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, the occurrence of natural disasters, health epidemics, geopolitical conflicts, acts of war, cybersecurity incidents, or trade restrictions; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers’ access to adequate financial resources; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation’s public filings with the Securities and Exchange Commission (“SEC”).\n \nFor additional information regarding known material factors that could cause our actual results to differ from those expressed in these forward-looking statements, please see our filings with the SEC , including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.\n \nReaders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.\n \n Financial Data and Operating Statistics \n \nThe following tables show financial data and operating statistics on ArcBest ® and its reportable segments.\n \n ARCBEST CORPORATION \n CONSOLIDATED STATEMENTS OF OPERATIONS \n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands, except share and per share data)\n \n \n \n \n \n \n \n \n \n REVENUES \n \n \n \n \n \n \n \n $ \n \n \n \n 1,048,137 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n1,063,124\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 3,037,470 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n3,177,374\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OPERATING EXPENSES \n \n \n \n \n \n \n \n \n \n \n \n 993,510 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n928,131\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2,938,904 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,971,101\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OPERATING INCOME \n \n \n \n \n \n \n \n \n \n \n \n 54,627 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n134,993\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 98,566 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n206,273\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTHER INCOME (COSTS) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nInterest and dividend income\n \n \n \n \n \n \n \n \n \n \n \n 1,368 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n3,130\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 3,555 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,686\n \n \n \n \n \n \n \n \n \n \n \n \n \nInterest and other related financing costs\n \n \n \n \n \n \n \n \n \n \n \n (3,334 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(2,281\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (9,045 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(6,587\n \n \n \n)\n \n \n \n \n \n \n \n \n \nOther, net\n \n \n \n \n \n \n \n \n \n \n \n 847 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n862\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 574 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(28,118\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (1,119 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n1,711\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (4,916 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(25,019\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES \n \n \n \n \n \n \n \n \n \n \n \n 53,508 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n136,704\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 93,650 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n181,254\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n INCOME TAX PROVISION \n \n \n \n \n \n \n \n \n \n \n \n 14,234 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n36,390\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 25,436 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n36,928\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NET INCOME FROM CONTINUING OPERATIONS \n \n \n \n \n \n \n \n \n \n \n \n 39,274 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n100,314\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 68,214 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n144,326\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n INCOME FROM DISCONTINUED OPERATIONS, net of tax(1) \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n600\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NET INCOME \n \n \n \n \n \n \n \n $ \n \n \n \n 39,274 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n100,314\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 68,214 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n144,926\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n BASIC EARNINGS PER COMMON SHARE(2) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nContinuing operations\n \n \n \n \n \n \n \n $ \n \n \n \n 1.73 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n4.25\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 2.97 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n6.12\n \n \n \n \n \n \n \n \n \n \n \n \n \nDiscontinued operations(1)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.03\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 1.73 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n4.25\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 2.97 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n6.14\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n DILUTED EARNINGS PER COMMON SHARE(2) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nContinuing operations\n \n \n \n \n \n \n \n $ \n \n \n \n 1.72 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n4.23\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 2.96 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n6.03\n \n \n \n \n \n \n \n \n \n \n \n \n \nDiscontinued operations(1)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.03\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 1.72 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n4.23\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 2.96 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n6.06\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n AVERAGE COMMON SHARES OUTSTANDING \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBasic\n \n \n \n \n \n \n \n \n \n \n \n 22,718,292 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n23,624,761\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 22,952,014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n23,601,548\n \n \n \n \n \n \n \n \n \n \n \n \n \nDiluted\n \n \n \n \n \n \n \n \n \n \n \n 22,811,670 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n23,690,120\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 23,037,638 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n23,923,047\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n________________________________________\n \n \n \n \n \n1)\n \n \n \nRepresents adjustments related to the gain on sale of FleetNet America® (“FleetNet”), which sold on February 28, 2023 .\n \n \n \n \n \n2)\n \n \n \nEarnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding.\n \n \n \n \n ARCBEST CORPORATION \n CONSOLIDATED BALANCE SHEETS \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n December 31 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands, except share data)\n \n \n \n \n \n \n \n \n \n ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CURRENT ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCash and cash equivalents\n \n \n \n \n \n \n \n $ \n \n \n \n 120,604 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n 127,444 \n \n \n \n \n \n \n \n \n \n \n \n \n \nShort-term investments\n \n \n \n \n \n \n \n \n \n \n \n 12,023 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 29,759 \n \n \n \n \n \n \n \n \n \n \n \n \n \nAccounts receivable, less allowances (2025 - $8,372 ; 2024 - $8,257 )\n \n \n \n \n \n \n \n \n \n \n \n 408,610 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 394,838 \n \n \n \n \n \n \n \n \n \n \n \n \n \nOther accounts receivable, less allowances (2025 - $648 ; 2024 - $648 )\n \n \n \n \n \n \n \n \n \n \n \n 23,538 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 36,055 \n \n \n \n \n \n \n \n \n \n \n \n \n \nPrepaid expenses\n \n \n \n \n \n \n \n \n \n \n \n 35,365 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 47,860 \n \n \n \n \n \n \n \n \n \n \n \n \n \nPrepaid and refundable income taxes\n \n \n \n \n \n \n \n \n \n \n \n 46,066 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 28,641 \n \n \n \n \n \n \n \n \n \n \n \n \n \nOther\n \n \n \n \n \n \n \n \n \n \n \n 10,925 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 11,045 \n \n \n \n \n \n \n \n \n \n \n \n \n \n TOTAL CURRENT ASSETS \n \n \n \n \n \n \n \n \n \n \n \n 657,131 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 675,642 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PROPERTY, PLANT AND EQUIPMENT \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLand and structures\n \n \n \n \n \n \n \n \n \n \n \n 550,883 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 520,119 \n \n \n \n \n \n \n \n \n \n \n \n \n \nRevenue equipment\n \n \n \n \n \n \n \n \n \n \n \n 1,223,311 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,166,161 \n \n \n \n \n \n \n \n \n \n \n \n \n \nService, office, and other equipment\n \n \n \n \n \n \n \n \n \n \n \n 362,243 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 351,907 \n \n \n \n \n \n \n \n \n \n \n \n \n \nSoftware\n \n \n \n \n \n \n \n \n \n \n \n 187,197 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 182,396 \n \n \n \n \n \n \n \n \n \n \n \n \n \nLeasehold improvements\n \n \n \n \n \n \n \n \n \n \n \n 37,175 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 32,263 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2,360,809 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2,252,846 \n \n \n \n \n \n \n \n \n \n \n \n \n \nLess allowances for depreciation and amortization\n \n \n \n \n \n \n \n \n \n \n \n 1,210,512 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,186,800 \n \n \n \n \n \n \n \n \n \n \n \n \n \n PROPERTY, PLANT AND EQUIPMENT, net \n \n \n \n \n \n \n \n \n \n \n \n 1,150,297 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,066,046 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n GOODWILL \n \n \n \n \n \n \n \n \n \n \n \n 304,753 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 304,753 \n \n \n \n \n \n \n \n \n \n \n \n \n \n INTANGIBLE ASSETS, net \n \n \n \n \n \n \n \n \n \n \n \n 79,227 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 88,615 \n \n \n \n \n \n \n \n \n \n \n \n \n \n OPERATING RIGHT-OF-USE ASSETS \n \n \n \n \n \n \n \n \n \n \n \n 226,033 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 192,753 \n \n \n \n \n \n \n \n \n \n \n \n \n \n DEFERRED INCOME TAXES \n \n \n \n \n \n \n \n \n \n \n \n 7,825 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 9,536 \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTHER LONG-TERM ASSETS \n \n \n \n \n \n \n \n \n \n \n \n 75,915 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 92,386 \n \n \n \n \n \n \n \n \n \n \n \n \n \n TOTAL ASSETS \n \n \n \n \n \n \n \n $ \n \n \n \n 2,501,181 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n 2,429,731 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n LIABILITIES AND STOCKHOLDERS’ EQUITY \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CURRENT LIABILITIES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAccounts payable\n \n \n \n \n \n \n \n $ \n \n \n \n 164,266 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n 168,943 \n \n \n \n \n \n \n \n \n \n \n \n \n \nAccrued expenses\n \n \n \n \n \n \n \n \n \n \n \n 392,088 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 398,700 \n \n \n \n \n \n \n \n \n \n \n \n \n \nCurrent portion of long-term debt\n \n \n \n \n \n \n \n \n \n \n \n 78,631 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 63,978 \n \n \n \n \n \n \n \n \n \n \n \n \n \nCurrent portion of operating lease liabilities\n \n \n \n \n \n \n \n \n \n \n \n 35,470 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 34,364 \n \n \n \n \n \n \n \n \n \n \n \n \n \n TOTAL CURRENT LIABILITIES \n \n \n \n \n \n \n \n \n \n \n \n 670,455 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 665,985 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n LONG-TERM DEBT, less current portion \n \n \n \n \n \n \n \n \n \n \n \n 135,469 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 125,156 \n \n \n \n \n \n \n \n \n \n \n \n \n \n OPERATING LEASE LIABILITIES, less current portion \n \n \n \n \n \n \n \n \n \n \n \n 210,958 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 189,978 \n \n \n \n \n \n \n \n \n \n \n \n \n \n POSTRETIREMENT LIABILITIES, less current portion \n \n \n \n \n \n \n \n \n \n \n \n 13,400 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13,361 \n \n \n \n \n \n \n \n \n \n \n \n \n \n DEFERRED INCOME TAXES \n \n \n \n \n \n \n \n \n \n \n \n 113,999 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 78,649 \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTHER LONG-TERM LIABILITIES \n \n \n \n \n \n \n \n \n \n \n \n 33,982 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 42,240 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n STOCKHOLDERS’ EQUITY \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommon stock, $0.01 par value, authorized 70,000,000 shares;\nissued 2025: 30,484,689 shares; 2024: 30,401,768 shares\n \n \n \n \n \n \n \n \n \n \n \n 305 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 304 \n \n \n \n \n \n \n \n \n \n \n \n \n \nAdditional paid-in capital\n \n \n \n \n \n \n \n \n \n \n \n 336,484 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 329,575 \n \n \n \n \n \n \n \n \n \n \n \n \n \nRetained earnings\n \n \n \n \n \n \n \n \n \n \n \n 1,495,194 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,435,250 \n \n \n \n \n \n \n \n \n \n \n \n \n \n Treasury stock, at cost, 2025: 7,892,752 shares; 2024: 7,114,844 shares\n \n \n \n \n \n \n \n \n \n \n \n (509,169 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (451,039 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \nAccumulated other comprehensive income\n \n \n \n \n \n \n \n \n \n \n \n 104 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 272 \n \n \n \n \n \n \n \n \n \n \n \n \n \n TOTAL STOCKHOLDERS’ EQUITY \n \n \n \n \n \n \n \n \n \n \n \n 1,322,918 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,314,362 \n \n \n \n \n \n \n \n \n \n \n \n \n \n TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY \n \n \n \n \n \n \n \n $ \n \n \n \n 2,501,181 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n 2,429,731 \n \n \n \n \n \n \n \n \n \n \n \n \n ARCBEST CORPORATION \n CONSOLIDATED STATEMENTS OF CASH FLOWS \n \n \n \n \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands)\n \n \n \n \n \n \n \n \n \n OPERATING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNet income\n \n \n \n \n \n \n \n $ \n \n \n \n 68,214 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n144,926\n \n \n \n \n \n \n \n \n \n \n \n \n \nAdjustments to reconcile net income to net cash provided by operating activities:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDepreciation and amortization\n \n \n \n \n \n \n \n \n \n \n \n 115,690 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n100,104\n \n \n \n \n \n \n \n \n \n \n \n \n \nAmortization of intangibles\n \n \n \n \n \n \n \n \n \n \n \n 9,600 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,616\n \n \n \n \n \n \n \n \n \n \n \n \n \nShare-based compensation expense\n \n \n \n \n \n \n \n \n \n \n \n 8,904 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,040\n \n \n \n \n \n \n \n \n \n \n \n \n \nProvision for losses on accounts receivable\n \n \n \n \n \n \n \n \n \n \n \n 2,386 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,038\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in deferred income taxes\n \n \n \n \n \n \n \n \n \n \n \n 37,117 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n10,547\n \n \n \n \n \n \n \n \n \n \n \n \n \nGain on sale of property and equipment\n \n \n \n \n \n \n \n \n \n \n \n (15,684 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(1,063\n \n \n \n)\n \n \n \n \n \n \n \n \n \nPre-tax gain on sale of discontinued operations\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(806\n \n \n \n)\n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration\n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n \n \nChange in fair value of equity investment\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n28,739\n \n \n \n \n \n \n \n \n \n \n \n \n \nChanges in operating assets and liabilities:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nReceivables\n \n \n \n \n \n \n \n \n \n \n \n (2,931 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n44,344\n \n \n \n \n \n \n \n \n \n \n \n \n \nPrepaid expenses\n \n \n \n \n \n \n \n \n \n \n \n 12,495 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n4,634\n \n \n \n \n \n \n \n \n \n \n \n \n \nOther assets\n \n \n \n \n \n \n \n \n \n \n \n (4,994 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(3,364\n \n \n \n)\n \n \n \n \n \n \n \n \n \nIncome taxes\n \n \n \n \n \n \n \n \n \n \n \n (17,320 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(2,870\n \n \n \n)\n \n \n \n \n \n \n \n \n \nOperating right-of-use assets and lease liabilities, net\n \n \n \n \n \n \n \n \n \n \n \n (11,194 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(7,088\n \n \n \n)\n \n \n \n \n \n \n \n \n \nAccounts payable, accrued expenses, and other liabilities\n \n \n \n \n \n \n \n \n \n \n \n (15,342 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(29,009\n \n \n \n)\n \n \n \n \n \n \n \n \n \n NET CASH PROVIDED BY OPERATING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n 184,291 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n229,048\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n INVESTING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchases of property, plant and equipment, net of financings\n \n \n \n \n \n \n \n \n \n \n \n (107,005 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(169,839\n \n \n \n)\n \n \n \n \n \n \n \n \n \nProceeds from sale of property and equipment\n \n \n \n \n \n \n \n \n \n \n \n 32,518 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n6,187\n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchases of short-term investments\n \n \n \n \n \n \n \n \n \n \n \n (12,000 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(29,236\n \n \n \n)\n \n \n \n \n \n \n \n \n \nProceeds from sale of short-term investments\n \n \n \n \n \n \n \n \n \n \n \n 30,226 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n55,874\n \n \n \n \n \n \n \n \n \n \n \n \n \nCapitalization of internally developed software\n \n \n \n \n \n \n \n \n \n \n \n (9,958 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(12,437\n \n \n \n)\n \n \n \n \n \n \n \n \n \nOther investing activities\n \n \n \n \n \n \n \n \n \n \n \n 8,756 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n NET CASH USED IN INVESTING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n (57,463 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(149,451\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FINANCING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBorrowings under credit facilities\n \n \n \n \n \n \n \n \n \n \n \n 25,000 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nPayments on long-term debt\n \n \n \n \n \n \n \n \n \n \n \n (87,275 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(102,366\n \n \n \n)\n \n \n \n \n \n \n \n \n \nNet change in book overdrafts\n \n \n \n \n \n \n \n \n \n \n \n (2,887 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(1,676\n \n \n \n)\n \n \n \n \n \n \n \n \n \nDeferred financing costs\n \n \n \n \n \n \n \n \n \n \n \n (112 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(65\n \n \n \n)\n \n \n \n \n \n \n \n \n \nPayment of common stock dividends\n \n \n \n \n \n \n \n \n \n \n \n (8,270 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(8,485\n \n \n \n)\n \n \n \n \n \n \n \n \n \nPurchases of treasury stock\n \n \n \n \n \n \n \n \n \n \n \n (58,130 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(56,108\n \n \n \n)\n \n \n \n \n \n \n \n \n \nPayments for tax withheld on share-based compensation\n \n \n \n \n \n \n \n \n \n \n \n (1,994 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(22,662\n \n \n \n)\n \n \n \n \n \n \n \n \n \n NET CASH USED IN FINANCING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n (133,668 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(191,362\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NET DECREASE IN CASH AND CASH EQUIVALENTS \n \n \n \n \n \n \n \n \n \n \n \n (6,840 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(111,765\n \n \n \n)\n \n \n \n \n \n \n \n \n \nCash and cash equivalents at beginning of period\n \n \n \n \n \n \n \n \n \n \n \n 127,444 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n262,226\n \n \n \n \n \n \n \n \n \n \n \n \n \n CASH AND CASH EQUIVALENTS AT END OF PERIOD \n \n \n \n \n \n \n \n $ \n \n \n \n 120,604 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n150,461\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NONCASH INVESTING ACTIVITIES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEquipment financed\n \n \n \n \n \n \n \n $ \n \n \n \n 87,241 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n53,939\n \n \n \n \n \n \n \n \n \n \n \n \n \nAccruals for equipment received\n \n \n \n \n \n \n \n $ \n \n \n \n 1,333 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n5,114\n \n \n \n \n \n \n \n \n \n \n \n \n \nLease liabilities arising from obtaining right-of-use assets\n \n \n \n \n \n \n \n $ \n \n \n \n 47,306 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n40,872\n \n \n \n \n \n \n \n \n \n \n \n \n ARCBEST CORPORATION \n FINANCIAL STATEMENT OPERATING SEGMENT DATA AND OPERATING RATIOS \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands, except percentages)\n \n \n \n \n \n \n \n \n \n REVENUES FROM CONTINUING OPERATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAsset-Based\n \n \n \n $ \n \n \n \n 726,475 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n709,722\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 2,086,081 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n2,093,914\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAsset-Light\n \n \n \n \n \n \n \n 355,969 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n385,324\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,053,903 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1,177,504\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOther and eliminations\n \n \n \n \n \n \n \n (34,307 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(31,922\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (102,514 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(94,044\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal consolidated revenues from continuing operations\n \n \n \n $ \n \n \n \n 1,048,137 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n1,063,124\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 3,037,470 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n3,177,374\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OPERATING EXPENSES FROM CONTINUING OPERATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAsset-Based\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSalaries, wages, and benefits\n \n \n \n $ \n \n \n \n 370,164 \n \n \n \n \n \n \n \n \n \n \n \n 51.0 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n358,469\n \n \n \n \n \n \n \n \n \n \n \n50.5\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n 1,080,234 \n \n \n \n \n \n \n \n \n \n \n \n 51.8 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n1,056,146\n \n \n \n \n \n \n \n \n \n \n \n50.4\n \n \n \n \n \n \n \n%\n \n \n \n \n \nFuel, supplies, and expenses\n \n \n \n \n \n \n \n 81,861 \n \n \n \n \n \n \n \n \n \n \n \n 11.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n79,170\n \n \n \n \n \n \n \n \n \n \n \n11.2\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 239,337 \n \n \n \n \n \n \n \n \n \n \n \n 11.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n243,152\n \n \n \n \n \n \n \n \n \n \n \n11.6\n \n \n \n \n \n \n \n \n \n \n \n \n \nOperating taxes and licenses\n \n \n \n \n \n \n \n 13,373 \n \n \n \n \n \n \n \n \n \n \n \n 1.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n13,538\n \n \n \n \n \n \n \n \n \n \n \n1.9\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 40,330 \n \n \n \n \n \n \n \n \n \n \n \n 1.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n40,624\n \n \n \n \n \n \n \n \n \n \n \n1.9\n \n \n \n \n \n \n \n \n \n \n \n \n \nInsurance\n \n \n \n \n \n \n \n 18,560 \n \n \n \n \n \n \n \n \n \n \n \n 2.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n19,819\n \n \n \n \n \n \n \n \n \n \n \n2.8\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 54,176 \n \n \n \n \n \n \n \n \n \n \n \n 2.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n51,265\n \n \n \n \n \n \n \n \n \n \n \n2.4\n \n \n \n \n \n \n \n \n \n \n \n \n \nCommunications and utilities\n \n \n \n \n \n \n \n 5,166 \n \n \n \n \n \n \n \n \n \n \n \n 0.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n4,793\n \n \n \n \n \n \n \n \n \n \n \n0.6\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 16,126 \n \n \n \n \n \n \n \n \n \n \n \n 0.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n14,004\n \n \n \n \n \n \n \n \n \n \n \n0.7\n \n \n \n \n \n \n \n \n \n \n \n \n \nDepreciation and amortization\n \n \n \n \n \n \n \n 35,054 \n \n \n \n \n \n \n \n \n \n \n \n 4.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n26,967\n \n \n \n \n \n \n \n \n \n \n \n3.8\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 97,308 \n \n \n \n \n \n \n \n \n \n \n \n 4.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n80,620\n \n \n \n \n \n \n \n \n \n \n \n3.9\n \n \n \n \n \n \n \n \n \n \n \n \n \nRents and purchased transportation\n \n \n \n \n \n \n \n 81,142 \n \n \n \n \n \n \n \n \n \n \n \n 11.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n73,600\n \n \n \n \n \n \n \n \n \n \n \n10.4\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 224,501 \n \n \n \n \n \n \n \n \n \n \n \n 10.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n209,586\n \n \n \n \n \n \n \n \n \n \n \n10.0\n \n \n \n \n \n \n \n \n \n \n \n \n \nShared services\n \n \n \n \n \n \n \n 66,892 \n \n \n \n \n \n \n \n \n \n \n \n 9.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n69,463\n \n \n \n \n \n \n \n \n \n \n \n9.8\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 199,203 \n \n \n \n \n \n \n \n \n \n \n \n 9.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n206,622\n \n \n \n \n \n \n \n \n \n \n \n9.9\n \n \n \n \n \n \n \n \n \n \n \n \n \nGain on sale of property and equipment(1)\n \n \n \n \n \n \n \n (15,874 \n \n \n \n ) \n \n \n \n \n \n \n \n (2.2 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(1,688\n \n \n \n)\n \n \n \n \n \n \n \n(0.2\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (16,010 \n \n \n \n ) \n \n \n \n \n \n \n \n (0.8 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(1,630\n \n \n \n)\n \n \n \n \n \n \n \n(0.1\n \n \n \n)\n \n \n \n \n \n \n \n \n \nOther\n \n \n \n \n \n \n \n (25 \n \n \n \n ) \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1,571\n \n \n \n \n \n \n \n \n \n \n \n0.2\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 3,268 \n \n \n \n \n \n \n \n \n \n \n \n 0.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n3,257\n \n \n \n \n \n \n \n \n \n \n \n0.2\n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal Asset-Based\n \n \n \n \n \n \n \n 656,313 \n \n \n \n \n \n \n \n \n \n \n \n 90.3 \n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n645,702\n \n \n \n \n \n \n \n \n \n \n \n91.0\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n 1,938,473 \n \n \n \n \n \n \n \n \n \n \n \n 92.9 \n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n1,903,646\n \n \n \n \n \n \n \n \n \n \n \n90.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAsset-Light\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchased transportation\n \n \n \n $ \n \n \n \n 302,309 \n \n \n \n \n \n \n \n \n \n \n \n 84.9 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n331,107\n \n \n \n \n \n \n \n \n \n \n \n85.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n 895,503 \n \n \n \n \n \n \n \n \n \n \n \n 85.0 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n1,014,476\n \n \n \n \n \n \n \n \n \n \n \n86.2\n \n \n \n \n \n \n \n%\n \n \n \n \n \nSalaries, wages, and benefits\n \n \n \n \n \n \n \n 24,913 \n \n \n \n \n \n \n \n \n \n \n \n 7.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n30,150\n \n \n \n \n \n \n \n \n \n \n \n7.8\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 76,091 \n \n \n \n \n \n \n \n \n \n \n \n 7.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n91,490\n \n \n \n \n \n \n \n \n \n \n \n7.8\n \n \n \n \n \n \n \n \n \n \n \n \n \nSupplies and expenses\n \n \n \n \n \n \n \n 1,970 \n \n \n \n \n \n \n \n \n \n \n \n 0.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,702\n \n \n \n \n \n \n \n \n \n \n \n0.7\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 5,448 \n \n \n \n \n \n \n \n \n \n \n \n 0.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n8,279\n \n \n \n \n \n \n \n \n \n \n \n0.7\n \n \n \n \n \n \n \n \n \n \n \n \n \nDepreciation and amortization(2)\n \n \n \n \n \n \n \n 4,647 \n \n \n \n \n \n \n \n \n \n \n \n 1.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n5,037\n \n \n \n \n \n \n \n \n \n \n \n1.3\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13,870 \n \n \n \n \n \n \n \n \n \n \n \n 1.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n15,154\n \n \n \n \n \n \n \n \n \n \n \n1.3\n \n \n \n \n \n \n \n \n \n \n \n \n \nShared services\n \n \n \n \n \n \n \n 18,657 \n \n \n \n \n \n \n \n \n \n \n \n 5.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n17,547\n \n \n \n \n \n \n \n \n \n \n \n4.6\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 55,232 \n \n \n \n \n \n \n \n \n \n \n \n 5.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n51,118\n \n \n \n \n \n \n \n \n \n \n \n4.3\n \n \n \n \n \n \n \n \n \n \n \n \n \nContingent consideration(3)\n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n(23.9\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n (0.2 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n(6.9\n \n \n \n)\n \n \n \n \n \n \n \n \n \nOther\n \n \n \n \n \n \n \n 5,068 \n \n \n \n \n \n \n \n \n \n \n \n 1.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n5,912\n \n \n \n \n \n \n \n \n \n \n \n1.6\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 15,793 \n \n \n \n \n \n \n \n \n \n \n \n 1.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n17,704\n \n \n \n \n \n \n \n \n \n \n \n1.5\n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal Asset-Light\n \n \n \n \n \n \n \n 357,564 \n \n \n \n \n \n \n \n \n \n \n \n 100.4 \n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n300,545\n \n \n \n \n \n \n \n \n \n \n \n78.0\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n 1,059,287 \n \n \n \n \n \n \n \n \n \n \n \n 100.5 \n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n1,117,481\n \n \n \n \n \n \n \n \n \n \n \n94.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOther and eliminations(4)\n \n \n \n \n \n \n \n (20,367 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(18,116\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (58,856 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(50,026\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal consolidated operating expenses from continuing operations\n \n \n \n $ \n \n \n \n 993,510 \n \n \n \n \n \n \n \n \n \n \n \n 94.8 \n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n$\n \n \n \n928,131\n \n \n \n \n \n \n \n \n \n \n \n87.3\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n 2,938,904 \n \n \n \n \n \n \n \n \n \n \n \n 96.8 \n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n$\n \n \n \n2,971,101\n \n \n \n \n \n \n \n \n \n \n \n93.5\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAsset-Based\n \n \n \n $ \n \n \n \n 70,162 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n64,020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 147,608 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n190,268\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAsset-Light\n \n \n \n \n \n \n \n (1,595 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n84,779\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (5,384 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n60,023\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOther and eliminations(4)\n \n \n \n \n \n \n \n (13,940 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(13,806\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (43,658 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(44,018\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal consolidated operating income from continuing operations\n \n \n \n $ \n \n \n \n 54,627 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n134,993\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 98,566 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n206,273\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n________________________________________\n \n \n \n \n \n1)\n \n \n \nThe 2025 periods include a net gain of $15.7 million , primarily related to two service center sales during third quarter 2025.\n \n \n \n \n \n2)\n \n \n \nIncludes amortization of intangibles associated with acquired businesses.\n \n \n \n \n \n3)\n \n \n \nRepresents the change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. The liability for contingent consideration is remeasured at each quarterly reporting date, and any change in fair value as a result of the recurring assessments is recognized in operating income (loss). The Company reduced the contingent consideration for the MoLo acquisition to zero in second quarter 2025, reflecting the probability of no earnout payment based on projections of adjusted earnings before interest, taxes, depreciation, and amortization for 2025.\n \n \n \n \n \n4)\n \n \n \n“Other and eliminations” includes corporate costs for certain unallocated shared service costs which are not attributable to any segment, additional investments to offer comprehensive transportation and logistics services across multiple operating segments, costs related to our customer pilot offering of Vaux, and other investments in ArcBest technology and innovations.\n \n \n \n \n ARCBEST CORPORATION \n RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES \n \n Non-GAAP Financial Measures \n \nWe report our financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP performance measures and ratios utilized for internal analysis provide analysts, investors, and others the same information that we use internally for purposes of assessing our core operating performance and provides meaningful comparisons between current and prior period results, as well as important information regarding performance trends. Accordingly, non-GAAP results are presented on a continuing operations basis, excluding the discontinued operations of FleetNet, which sold on February 28, 2023 . The use of certain non-GAAP measures improves comparability in analyzing our performance because it removes the impact of items from operating results that, in management's opinion, do not reflect our core operating performance. Other companies may calculate non-GAAP measures differently; therefore, our calculation may not be comparable to similarly titled measures of other companies. Certain information discussed in the scheduled conference call could be considered non-GAAP measures. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported results. These financial measures should not be construed as better measurements than operating income, net income or earnings per share, as determined under GAAP.\n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n ArcBest Corporation — Consolidated \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands, except per share data)\n \n \n \n \n \n \n \n \n \n Operating Income from Continuing Operations \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n $ \n \n \n \n 54,627 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n134,993\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 98,566 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n206,273\n \n \n \n \n \n \n \n \n \n \n \n \n \nInnovative technology costs, pre-tax(1)\n \n \n \n \n \n \n \n \n \n \n \n 7,713 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n8,512\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 22,349 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n26,521\n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization, pre-tax(2)\n \n \n \n \n \n \n \n \n \n \n \n 3,192 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n3,192\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 9,576 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,576\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration, pre-tax(3)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n \n \nGain on sale of certain properties, pre-tax(4)\n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n \n \n \n \n $ \n \n \n \n 49,806 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n54,787\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 112,115 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n161,630\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net Income from Continuing Operations \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n $ \n \n \n \n 39,274 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n100,314\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 68,214 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n144,326\n \n \n \n \n \n \n \n \n \n \n \n \n \nInnovative technology costs, after-tax (includes related financing costs)(1)\n \n \n \n \n \n \n \n \n \n \n \n 5,862 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n6,511\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 17,014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n20,331\n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization, after-tax(2)\n \n \n \n \n \n \n \n \n \n \n \n 2,399 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,401\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 7,195 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n7,202\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration, after-tax(3)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(69,124\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (1,991 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(60,723\n \n \n \n)\n \n \n \n \n \n \n \n \n \nGain on sale of certain properties, after-tax(4)\n \n \n \n \n \n \n \n \n \n \n \n (11,778 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (11,778 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of equity investment, after-tax(5)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n21,603\n \n \n \n \n \n \n \n \n \n \n \n \n \nChanges in cash surrender value and gains on life insurance policies\n \n \n \n \n \n \n \n \n \n \n \n (2,348 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(1,333\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (3,089 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(3,006\n \n \n \n)\n \n \n \n \n \n \n \n \n \nTax expense (benefit) from vested RSUs(6)\n \n \n \n \n \n \n \n \n \n \n \n 8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(9\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n 1,000 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(11,273\n \n \n \n)\n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n \n \n \n \n $ \n \n \n \n 33,417 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n38,760\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 76,565 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n118,460\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Diluted Earnings Per Share from Continuing Operations \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n $ \n \n \n \n 1.72 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n4.23\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 2.96 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n6.03\n \n \n \n \n \n \n \n \n \n \n \n \n \nInnovative technology costs, after-tax (includes related financing costs)(1)\n \n \n \n \n \n \n \n \n \n \n \n 0.26 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.27\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 0.74 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.85\n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization, after-tax(2)\n \n \n \n \n \n \n \n \n \n \n \n 0.11 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.10\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 0.31 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.30\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration, after-tax(3)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(2.92\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (0.09 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(2.54\n \n \n \n)\n \n \n \n \n \n \n \n \n \nGain on sale of certain properties, after-tax(4)\n \n \n \n \n \n \n \n \n \n \n \n (0.52 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (0.51 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of equity investment, after-tax(5)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n0.90\n \n \n \n \n \n \n \n \n \n \n \n \n \nChanges in cash surrender value and gains on life insurance policies\n \n \n \n \n \n \n \n \n \n \n \n (0.10 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(0.06\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (0.13 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(0.13\n \n \n \n)\n \n \n \n \n \n \n \n \n \nTax expense (benefit) from vested RSUs(6)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 0.04 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(0.47\n \n \n \n)\n \n \n \n \n \n \n \n \n \nNon-GAAP amounts(7)\n \n \n \n \n \n \n \n $ \n \n \n \n 1.46 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n1.64\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 3.32 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n4.95\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n________________________________________\n \n \n \n \n \nSee “Notes to Non-GAAP Financial Tables” for footnotes to this ArcBest Corporation – Consolidated non-GAAP table.\n \n \n \n \n ARCBEST CORPORATION \n RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n Segment Operating Income (Loss) Reconciliations \n \n \n \n (Unaudited)\n ($ thousands, except percentages)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Asset-Based Segment \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating Income ($) and Operating Ratio (% of revenues) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n $ \n \n \n \n 70,162 \n \n \n \n \n \n \n \n \n \n \n \n 90.3 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n64,020\n \n \n \n \n \n \n \n \n \n \n \n91.0\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n 147,608 \n \n \n \n \n \n \n \n \n \n \n \n 92.9 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n190,268\n \n \n \n \n \n \n \n \n \n \n \n90.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \nGain on sale of certain properties, pre-tax(4)\n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n 2.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n 0.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts(7)\n \n \n \n $ \n \n \n \n 54,436 \n \n \n \n \n \n \n \n \n \n \n \n 92.5 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n64,020\n \n \n \n \n \n \n \n \n \n \n \n91.0\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n 131,882 \n \n \n \n \n \n \n \n \n \n \n \n 93.7 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n190,268\n \n \n \n \n \n \n \n \n \n \n \n90.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Asset-Light \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Asset-Light Segment \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating Income (Loss) ($) and Operating Ratio (% of revenues) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n $ \n \n \n \n (1,595 \n \n \n \n ) \n \n \n \n \n \n \n \n 100.4 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n84,779\n \n \n \n \n \n \n \n \n \n \n \n78.0\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n (5,384 \n \n \n \n ) \n \n \n \n \n \n \n \n 100.5 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n60,023\n \n \n \n \n \n \n \n \n \n \n \n94.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \nPurchase accounting amortization, pre-tax(2)\n \n \n \n \n \n \n \n 3,192 \n \n \n \n \n \n \n \n \n \n \n \n (0.9 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n3,192\n \n \n \n \n \n \n \n \n \n \n \n(0.8\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 9,576 \n \n \n \n \n \n \n \n \n \n \n \n (0.9 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,576\n \n \n \n \n \n \n \n \n \n \n \n(0.8\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration, pre-tax(3)\n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n23.9\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n 0.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n6.9\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts(7)\n \n \n \n $ \n \n \n \n 1,597 \n \n \n \n \n \n \n \n \n \n \n \n 99.6 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n(3,939\n \n \n \n)\n \n \n \n \n \n \n \n101.0\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n $ \n \n \n \n 1,542 \n \n \n \n \n \n \n \n \n \n \n \n 99.9 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n$\n \n \n \n(11,141\n \n \n \n)\n \n \n \n \n \n \n \n100.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other and Eliminations \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating Loss ($) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n $ \n \n \n \n (13,940 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(13,806\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (43,658 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(44,018\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nInnovative technology costs, pre-tax(1)\n \n \n \n \n \n \n \n 7,713 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n8,512\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 22,349 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n26,521\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n $ \n \n \n \n (6,227 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(5,294\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (21,309 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(17,497\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n________________________________________\n \n \n \n \n \nNote: See “Notes to Non-GAAP Financial Tables” for footnotes to this Segment Operating Income (Loss) Reconciliations non-GAAP table.\n \n \n \n \n ARCBEST CORPORATION \n RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued \n \n \n \n Effective Tax Rate Reconciliation \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ArcBest Corporation - Consolidated \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands, except percentages)\n \n \n \n \n \n \n \n Three Months Ended September 30, 2025 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CONTINUING OPERATIONS \n \n \n \n \n \n \n \n Operating \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Before Income \n \n \n \n \n \n \n \n Tax \n \n \n \n \n \n \n \n Net \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n (Costs) \n \n \n \n \n \n \n \n Taxes \n \n \n \n \n \n \n \n Provision \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Tax Rate(8) \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n $ \n \n \n \n 54,627 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (1,119 \n \n \n \n ) \n \n \n \n \n \n \n \n $ \n \n \n \n 53,508 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 14,234 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 39,274 \n \n \n \n \n \n \n \n \n \n \n \n 26.6 \n \n \n \n \n \n \n \n % \n \n \n \n \n \nInnovative technology costs(1)\n \n \n \n \n \n \n \n \n \n \n \n 7,713 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 81 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 7,794 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1,932 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 5,862 \n \n \n \n \n \n \n \n \n \n \n \n 24.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization(2)\n \n \n \n \n \n \n \n \n \n \n \n 3,192 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 3,192 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 793 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2,399 \n \n \n \n \n \n \n \n \n \n \n \n 24.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \nGain on sale of certain properties(4)\n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (3,948 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (11,778 \n \n \n \n ) \n \n \n \n \n \n \n \n (25.1 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \nChanges in cash surrender value and gains on life insurance policies\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (2,348 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (2,348 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (2,348 \n \n \n \n ) \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \nTax expense from vested RSUs(6)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (8 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n 8 \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n \n \n \n \n $ \n \n \n \n 49,806 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (3,386 \n \n \n \n ) \n \n \n \n \n \n \n \n $ \n \n \n \n 46,420 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 13,003 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 33,417 \n \n \n \n \n \n \n \n \n \n \n \n 28.0 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Nine Months Ended September 30, 2025 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Before Income \n \n \n \n \n \n \n \n Tax \n \n \n \n \n \n \n \n Net \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n (Costs) \n \n \n \n \n \n \n \n Taxes \n \n \n \n \n \n \n \n Provision \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Tax Rate(8) \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n $ \n \n \n \n 98,566 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (4,916 \n \n \n \n ) \n \n \n \n \n \n \n \n $ \n \n \n \n 93,650 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 25,436 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 68,214 \n \n \n \n \n \n \n \n \n \n \n \n 27.2 \n \n \n \n \n \n \n \n % \n \n \n \n \n \nInnovative technology costs(1)\n \n \n \n \n \n \n \n \n \n \n \n 22,349 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 274 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 22,623 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 5,609 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 17,014 \n \n \n \n \n \n \n \n \n \n \n \n 24.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization(2)\n \n \n \n \n \n \n \n \n \n \n \n 9,576 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 9,576 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2,381 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 7,195 \n \n \n \n \n \n \n \n \n \n \n \n 24.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration(3)\n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (659 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (1,991 \n \n \n \n ) \n \n \n \n \n \n \n \n (24.9 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \nGain on sale of certain properties(4)\n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (15,726 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (3,948 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (11,778 \n \n \n \n ) \n \n \n \n \n \n \n \n (25.1 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \nChanges in cash surrender value and gains on life insurance policies\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (3,089 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n (3,089 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (3,089 \n \n \n \n ) \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \nTax expense from vested RSUs(6)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (1,000 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n 1,000 \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n \n \n \n \n $ \n \n \n \n 112,115 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (7,731 \n \n \n \n ) \n \n \n \n \n \n \n \n $ \n \n \n \n 104,384 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 27,819 \n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 76,565 \n \n \n \n \n \n \n \n \n \n \n \n 26.7 \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended September 30, 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CONTINUING OPERATIONS \n \n \n \n \n \n \n \n Operating \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Before Income \n \n \n \n \n \n \n \n Tax \n \n \n \n \n \n \n \n Net \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n (Costs) \n \n \n \n \n \n \n \n Taxes \n \n \n \n \n \n \n \n Provision \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Tax Rate(8) \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n$\n \n \n \n134,993\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n1,711\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n136,704\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n36,390\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n100,314\n \n \n \n \n \n \n \n \n \n \n \n26.6\n \n \n \n \n \n \n \n%\n \n \n \n \n \nInnovative technology costs(1)\n \n \n \n \n \n \n \n \n \n \n \n8,512\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n145\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n8,657\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,146\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n6,511\n \n \n \n \n \n \n \n \n \n \n \n24.8\n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization(2)\n \n \n \n \n \n \n \n \n \n \n \n3,192\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n3,192\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n791\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,401\n \n \n \n \n \n \n \n \n \n \n \n24.8\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration(3)\n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n(22,786\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n(69,124\n \n \n \n)\n \n \n \n \n \n \n \n(24.8\n \n \n \n)\n \n \n \n \n \n \n \n \n \nChanges in cash surrender value and gains on life insurance policies\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(1,333\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n(1,333\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(1,333\n \n \n \n)\n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nTax benefit from vested RSUs(6)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(9\n \n \n \n)\n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n \n \n \n \n$\n \n \n \n54,787\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n523\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n55,310\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n16,550\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n38,760\n \n \n \n \n \n \n \n \n \n \n \n29.9\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Nine Months Ended September 30, 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Before Income \n \n \n \n \n \n \n \n Tax \n \n \n \n \n \n \n \n Net \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n (Costs) \n \n \n \n \n \n \n \n Taxes \n \n \n \n \n \n \n \n Provision \n \n \n \n \n \n \n \n Income \n \n \n \n \n \n \n \n Tax Rate(8) \n \n \n \n \n \n Amounts on GAAP basis \n \n \n \n \n \n \n \n$\n \n \n \n206,273\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(25,019\n \n \n \n)\n \n \n \n \n \n \n \n$\n \n \n \n181,254\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n36,928\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n144,326\n \n \n \n \n \n \n \n \n \n \n \n20.4\n \n \n \n \n \n \n \n%\n \n \n \n \n \nInnovative technology costs(1)\n \n \n \n \n \n \n \n \n \n \n \n26,521\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n512\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n27,033\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n6,702\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n20,331\n \n \n \n \n \n \n \n \n \n \n \n24.8\n \n \n \n \n \n \n \n \n \n \n \n \n \nPurchase accounting amortization(2)\n \n \n \n \n \n \n \n \n \n \n \n9,576\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,576\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,374\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n7,202\n \n \n \n \n \n \n \n \n \n \n \n24.8\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration(3)\n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n(20,017\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n(60,723\n \n \n \n)\n \n \n \n \n \n \n \n(24.8\n \n \n \n)\n \n \n \n \n \n \n \n \n \nChange in fair value of equity investment(5)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n28,739\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n28,739\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n7,136\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n21,603\n \n \n \n \n \n \n \n \n \n \n \n24.8\n \n \n \n \n \n \n \n \n \n \n \n \n \nChanges in cash surrender value and gains on life insurance policies\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(3,006\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n(3,006\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(3,006\n \n \n \n)\n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nTax benefit from vested RSUs(6)\n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n11,273\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(11,273\n \n \n \n)\n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \nNon-GAAP amounts\n \n \n \n \n \n \n \n$\n \n \n \n161,630\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n1,226\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n162,856\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n44,396\n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n118,460\n \n \n \n \n \n \n \n \n \n \n \n27.3\n \n \n \n \n \n \n \n%\n \n \n \n \n \n \n________________________________________\n \n \n \n \n \nNote: See “Notes to Non-GAAP Financial Tables” for footnotes to this Effective Tax Rate Reconciliation non-GAAP table.\n \n \n \n \n ARCBEST CORPORATION \n RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued \n \n Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA) \n \nManagement uses Adjusted EBITDA as a key measure of performance and for business planning. The measure is particularly meaningful for analysis of operating performance because it excludes amortization of acquired intangibles and software of the Asset-Light segment and changes in the fair values of contingent consideration and equity investment, which are significant expenses or gains resulting from strategic decisions or other factors rather than core daily operations. Additionally, Adjusted EBITDA is a primary component of the financial covenants contained in our credit agreement. The calculation of Consolidated Adjusted EBITDA as presented below begins with net income from continuing operations, which is the most directly comparable GAAP measure. The calculation of Asset-Light Adjusted EBITDA as presented below begins with operating income (loss), as other income (costs), income tax provision, and net income from continuing operations are reported at the consolidated level and not included in the operating segment financial information evaluated by management to make operating decisions.\n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands)\n \n \n \n \n \n \n \n \n \n ArcBest Corporation - Consolidated Adjusted EBITDA from Continuing Operations \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net Income from Continuing Operations \n \n \n \n \n \n \n \n $ \n \n \n \n 39,274 \n \n \n \n \n \n \n \n \n$\n \n \n \n100,314\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 68,214 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n144,326\n \n \n \n \n \n \n \n \n \n \n \n \n \nInterest and other related financing costs\n \n \n \n \n \n \n \n \n \n \n \n 3,334 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,281\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 9,045 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n6,587\n \n \n \n \n \n \n \n \n \n \n \n \n \nIncome tax provision\n \n \n \n \n \n \n \n \n \n \n \n 14,234 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n36,390\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 25,436 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n36,928\n \n \n \n \n \n \n \n \n \n \n \n \n \nDepreciation and amortization(9)\n \n \n \n \n \n \n \n \n \n \n \n 44,400 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n36,611\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 125,290 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n109,720\n \n \n \n \n \n \n \n \n \n \n \n \n \nAmortization of share-based compensation\n \n \n \n \n \n \n \n \n \n \n \n 2,742 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2,718\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 8,904 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9,040\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration(3)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n \n \nChange in fair value of equity investment(5)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n—\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n28,739\n \n \n \n \n \n \n \n \n \n \n \n \n \nConsolidated Adjusted EBITDA from Continuing Operations\n \n \n \n \n \n \n \n $ \n \n \n \n 103,984 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n86,404\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n 234,239 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n254,600\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n________________________________________\n \n \n \n \n \nNote: See “Notes to Non-GAAP Financial Tables” for footnotes to this ArcBest Corporation – Consolidated Adjusted EBITDA from Continuing Operations non-GAAP table.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n($ thousands)\n \n \n \n \n \n \n \n \n \n Asset-Light Adjusted EBITDA \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating Income (Loss) \n \n \n \n \n \n \n \n $ \n \n \n \n (1,595 \n \n \n \n ) \n \n \n \n \n \n \n \n$\n \n \n \n84,779\n \n \n \n \n \n \n \n \n \n \n \n $ \n \n \n \n (5,384 \n \n \n \n ) \n \n \n \n \n \n \n \n$\n \n \n \n60,023\n \n \n \n \n \n \n \n \n \n \n \n \n \nDepreciation and amortization(9)\n \n \n \n \n \n \n \n \n \n \n \n 4,647 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n5,037\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13,870 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n15,154\n \n \n \n \n \n \n \n \n \n \n \n \n \nChange in fair value of contingent consideration(3)\n \n \n \n \n \n \n \n \n \n \n \n — \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n(91,910\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n \n (2,650 \n \n \n \n ) \n \n \n \n \n \n \n \n \n \n \n \n(80,740\n \n \n \n)\n \n \n \n \n \n \n \n \n \nAsset-Light Adjusted EBITDA\n \n \n \n \n \n \n \n $ \n \n \n \n 3,052 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(2,094\n \n \n \n)\n \n \n \n \n \n \n \n $ \n \n \n \n 5,836 \n \n \n \n \n \n \n \n \n \n \n \n$\n \n \n \n(5,563\n \n \n \n)\n \n \n \n \n \n \n \n \n \n \n________________________________________\n \n \n \n \n \nNote: See “Notes to Non-GAAP Financial Tables” for footnotes to this Asset-Light Adjusted EBITDA non-GAAP table.\n \n \n \n \n ARCBEST CORPORATION \n RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued \n \n Notes to Non-GAAP Financial Tables \n \nThe following footnotes apply to the non-GAAP financial tables presented in this press release.\n \n \n \n1)\n \n \n \nRepresents costs related to our customer pilot offering of Vaux and initiatives to optimize our performance through technological innovation.\n \n \n \n \n \n2)\n \n \n \nRepresents the amortization of acquired intangible assets in the Asset-Light segment.\n \n \n \n \n \n3)\n \n \n \nRepresents change in fair value of the contingent earnout consideration recorded for the MoLo acquisition, as previously described in the footnotes to the Financial Statement Operating Segment Data and Operating Ratios table.\n \n \n \n \n \n4)\n \n \n \nPrimarily includes gains on two service center sales within the Asset-Based operations.\n \n \n \n \n \n5)\n \n \n \nRepresents a noncash impairment charge to write off an equity investment in Phantom Auto, a provider of human-centered remote operation software, which ceased operations during first quarter 2024.\n \n \n \n \n \n6)\n \n \n \nRepresents recognition of the tax impact for vesting of share-based compensation.\n \n \n \n \n \n7)\n \n \n \nNon-GAAP amounts are calculated in total and may not equal the sum of GAAP amounts and non-GAAP adjustments due to rounding.\n \n \n \n \n \n8)\n \n \n \nTax rate for total “Amounts on GAAP basis” represents the effective tax rate. The tax effects of non-GAAP adjustments are calculated based on the statutory rate applicable to each item based on tax jurisdiction unless the nature of the item requires the tax effect to be estimated by applying a specific tax treatment.\n \n \n \n \n \n9)\n \n \n \nIncludes amortization of intangibles associated with acquired businesses.\n \n \n \n \n ARCBEST CORPORATION \n OPERATING STATISTICS \n \n \n \n \n \n \n \n \n \n \n \n Three Months Ended \n \n \n \n \n \n \n \n \n \n \n \n Nine Months Ended \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n September 30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n % Change \n \n \n \n \n \n \n \n \n \n \n \n 2025 \n \n \n \n \n \n \n \n 2024 \n \n \n \n \n \n \n \n % Change \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (Unaudited) \n \n \n \n \n \n \n \n \n \n Asset-Based \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWorkdays\n \n \n \n \n \n \n \n \n \n \n \n 64.0 \n \n \n \n \n \n \n \n \n \n \n \n63.5\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 190.5 \n \n \n \n \n \n \n \n \n \n \n \n191.0\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBilled Revenue(1) / CWT\n \n \n \n \n \n \n \n $ \n \n \n \n 50.19 \n \n \n \n \n \n \n \n$\n \n...

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