ArcBest Posts Quarterly Loss on Restructuring Charges, but Tops Wall Street Forecast
ArcBest Corp. (Nasdaq: ARCB) based in Fort Smith reported a second-quarter loss of $13.8 million due to $85.3 million in restructuring expenses. These charges included discontinuing its Vaux Freight Movement System and Panther Premium Logistics brand name. Despite the loss, which contrasts with a …