ArcBest (ARCB), a logistics company, Tuesday reported a loss in the first quarter compared with profit last year, despite higher revenues.
For the First quarter, Net loss was $1.04 million or $0.05 per share, compared with the net income of $3.13 million or $0.13 per share, in the prior year.
The company posted higher other expenses for the quarter which came in at $4.76 million compared to $2.46 million a year earlier.
Excluding items, earnings were $7.2 million, or $0.32 per share, compared to $11.9 million, or $0.51 per share, last year. However, Quarterly revenue rose to $998.79 million from $967.07 million a year earlier, driven by shipment growth led by Managed. On the Nasdaq, shares of ArcBest were gaining 0.21 percent in pre market activity at $127.01, after closing Monday's regular trading 3.46 percent higher at $126.74
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.