ARCBEST CORP / DE /: FD Disclosure Regulation (form 8-K)


ArcBest® (Nasdaq: ARCB) provides the following update on the most recent information related to its fourth quarter 2021 financial results and business trends.

There were 20 working days in November 2021 and 19 working days in november 2020.

ArcBest Consolidated

As a preliminary, November 2021 consolidated revenues increased by approximately 45% on a daily basis compared to november 2020, reflecting the business momentum resulting from continued customer demand for our logistics solutions and revenue growth in all three operating segments. Growth in consolidated sales in
November 2021 benefited from the acquisition of MoLo Solutions, LLC (“MoLo”).

Asset-based operating segment

For the month of November 2021 compared to november 2020, preliminary financial metrics and business trends are as follows:

? Daily billed revenue has increased by approximately 24%.

? The total tonnage / day has increased by approximately 7%.

? Total shipments / day increased by approximately 4%.

? Total billed revenue / CWT increased by approximately 16% including fuel increase


? Total billed revenue and shipments increased by approximately 20%.

? Total weight / shipping increased by approximately 4%.

Asset-Light ArcBest segment (excluding FleetNet)

For the month of November 2021, including the November 2021 results for MoLo, compared to november 2020, preliminary financial metrics and business trends are as follows:

? Total turnover per day increased by approximately 107%.

? Transport costs purchased per day have increased by approximately 109%.

? Purchased transportation costs accounted for about 85% of revenue in

November 2021 against 84.5% in november 2020.

For the month of November 2021, excluding the November 2021 results for MoLo, compared to november 2020, preliminary financial metrics and business trends are as follows:

? The total turnover per day increased by approximately 39%.

? Transport costs purchased per day have increased by approximately 37%.

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information contained in this report 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 regarding our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, objectives and expectations . Terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “foresee”, “foresee”, “intend”, “can”, “plan”, ” predict “,” plan “,” “expected”, “should”, “would” and similar expressions and the negative aspects of such terms are intended to identify forward-looking statements. These statements are based on the beliefs, assumptions and expectations of management based on information currently available, do not constitute guarantees of future performance and involve certain risks and uncertainties (some of which are beyond our control). While we believe that the expectations reflected in these forward-looking statements are reasonable as they become realized, we cannot guarantee that our expectations will prove to be correct. Actual results and results could differ materially from what is expressed, implied or expected in such statements due to a number of factors including, but not limited to: market fluctuations and disruptions affecting the price our shares or the price or timing of our share buyback programs; generalized epidemic of a disease or disease, including the COVID-19 pandemic and its effects, or any other public health crisis, as well as the regulatory measures implemented in response to such events; external events that may adversely affect us or third parties that provide services to us, for which our business continuity plans may not adequately prepare us; a failure of our information systems, including interruptions or failures of services essential to our operations or on which our IT platforms are based, a data breach and / or cybersecurity incidents; interruption or failure of third party software or computer systems or licenses; the untimely or inefficient development and implementation of, or failure to realize the potential benefits associated with, new or improved technology or processes, including the pilot test program at ABF Freight; loss or reduction of the business of large customers; the ability to manage our cost structure, as well as the timing and performance of growth initiatives; the cost, integration and performance of any recent or future acquisitions, including the acquisition of MoLo, and the failure to realize the expected benefits of the acquisition on time or not at all; the timing or amount of earn-out payments for the acquisition of MoLo, if any; maintain our corporate reputation and intellectual property rights; competitive initiatives and pricing pressures; increasing prices and decreasing availability of new commercial equipment, decreasing value of used commercial equipment and increasing costs of operating expenses related to equipment such as maintenance, fuel and related taxes; fuel availability, the effect of fuel price volatility and associated changes in fuel surcharges on obtaining increases in base freight rates, and the inability to collect fuel surcharges; employee relations, including unions, and our ability to attract, retain and develop employees; adverse conditions or inability to reach agreement on future collective agreements or a work stoppage by our employees covered by the ABF Freight collective agreement; salaries and benefits of unionized employees, including changes in required contributions to multi-employer 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; disputes or claims brought against us; government regulations; environmental laws and regulations, including emissions control regulations; failure to adhere to covenants in funding agreements and the availability and terms of future funding agreements; self-insurance claims and insurance premium costs; potential impairment of goodwill and intangible assets; general economic conditions and related changes in market demand that impact the performance and needs of the industries we serve and / or limit our customers’ access to adequate financial resources; seasonal fluctuations and adverse weather conditions; and other financial, operational and legal risks and uncertainties detailed from time to time in ArcBest Corporation public deposits with the Security and Trade Commission (the second”).

For more information on known significant factors that could cause our actual results to differ from our projected results, please see our documents with the SECOND, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We assume 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.

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