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Arcbest's Business Segments
Arcbest's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
4
Largest Segment
Asset-Based
Total Revenue
$ 1,185
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Asset-Based55.3%
- Asset-Light31.9%
- Other0.1%
- Other and eliminations0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Asset-Based | $ 655 | 55.3% |
| Asset-Light | $ 378 | 31.9% |
| Other | $ 1 | 0.1% |
Annual Results
Revenue Share by Reportable Segment - FY
- Asset-Based55.3%
- Asset-Light31.9%
- Other0.1%
- Other and eliminations0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Asset-Based | $ 655 | 55.3% |
| Asset-Light | $ 378 | 31.9% |
| Other | $ 1 | 0.1% |
1 more segments available
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Description of Arcbest
ArcBest CorporationSM is a freight transportation services and logistics parent
holding company consisting of five reportable operating segments having The Skill
& The WillSM to solve complex transportation and logistics challenges. The
Company, formerly known as Arkansas Best Corporation, was incorporated in Delaware
in 1966. On May 1, 2014, we changed our name to ArcBest Corporation and our common
stock began trading on the NASDAQ Global Select Market under a new symbol, ARCB.
In conjunction with our name change, we adopted a new unified logo system as we
strengthen our identity as a holistic provider of transportation and logistics
solutions for a wide variety of customers. The Skill and The WillSM embodies our
vision to find a way to meet our customers’ transportation and logistics
needs. By focusing on our values — creativity, integrity, collaboration,
growth, excellence, and wellness — we work together to deliver solutions
to our customers, support our employees, grow our business with integrity, and
strive to exceed expectations. From Fortune 100 companies to small businesses,
our customers trust and rely on ArcBest brands and companies for all their transportation
and logistics needs. Our employees deliver knowledge, expertise and a can-do attitude
with every shipment and supply chain solution, residential move, and vehicle repair.
ArcBest Corporation is a comprehensive logistics and transportation company offering a wide range of services to meet diverse customer needs. The companys operations are categorized into specific segments, each of which has distinct products and services designed to optimize supply chain efficiency. Below is an extensive overview of the segments, products, and services offered by ArcBest Corporation:
1. ABF Freight
ABF Freight has a long-standing history in the transportation industry, having been in continuous service since 1923. Originally part of Arkansas Motor Freight, ABF Freight has evolved to become one of the largest Less-Than-Truckload (LTL) motor carriers in North America. Key aspects of ABF Freight include:
- LTL Services: ABF Freight provides LTL shipping solutions, allowing customers to ship smaller quantities of freight at a lower cost than full truckload shipping.
- Extensive Network: The company offers direct service to over 98% of U.S. cities with populations of 30,000 or more, and provides transportation services to more than 48,000 communities via its expansive network of 247 service centers across all 50 states, Canada, and Puerto Rico.
- Cross-Border Services: ABF Freight extends its services to Mexico through partnerships with local trucking companies, facilitating seamless cross-border logistics.
- Specialized Solutions: Services can be tailored for various industries, including retail, healthcare, and manufacturing, ensuring specific business needs are met.
Transportation Management (ABF Logistics)
ABF Logistics represents the companys freight brokerage and intermodal transportation services. This segment has been strategically organized under a single executive management team to enhance service delivery. The key offerings include:
- Freight Brokerage: ABF Logistics connects customers with a network of carriers for efficient shipping solutions, facilitating the movement of freight across various transport modes.
- Intermodal Services: The segment offers intermodal transportation, which involves using multiple modes of transportation (e.g. rail and truck) to move freight more cost-effectively and sustainably.
- Global Ocean Shipping: Customers gain access to worldwide ocean shipping solutions, enabling international freight movement and trade.
- Transportation Management Services: Comprehensive management of transportation logistics, from planning and execution to monitoring and optimization of supply chain processes.
- Warehouse Management: Offerings encompass warehousing solutions that streamline inventory management and distribution activities in coordination with shipping operations.
Household Goods Moving Services (ABF Moving)
ABF Moving operates through the acquisitions of Albert Companies, Inc. and Moving Solutions, Inc. providing specialized services in the household goods moving arena. Key features include:
- Consumer and Corporate Relocation Services: ABF Moving facilitates residential moves for individual consumers and corporations, ensuring a smooth transition during relocations.
- Military Relocation Services: A significant portion of the revenue is generated from services supporting military relocation under government contracts, making the company an established provider of household goods moving solutions for military personnel and their families.
- Self-Move Solutions: ABF Moving offers self-move services, where customers can manage their moving experience with support from ABF Freight’s network. This includes transportation, packing, and delivery services tailored to individual preferences.
- Technology and Customer Service: An emphasis on technology-driven solutions ensures a seamless customer experience with resources for tracking shipments, managing logistics, and coordinating move logistics.
Summary
ArcBest Corporation, through its segments of ABF Freight, ABF Logistics, and ABF Moving, demonstrates a comprehensive approach to logistics and transportation services. By integrating traditional freight services with innovative logistics solutions, ArcBest caters to a wide range of customer needs across various industries, enhancing supply chain efficiencies while maintaining a focus on customer satisfaction.
1. ABF Freight
ABF Freight has a long-standing history in the transportation industry, having been in continuous service since 1923. Originally part of Arkansas Motor Freight, ABF Freight has evolved to become one of the largest Less-Than-Truckload (LTL) motor carriers in North America. Key aspects of ABF Freight include:
- LTL Services: ABF Freight provides LTL shipping solutions, allowing customers to ship smaller quantities of freight at a lower cost than full truckload shipping.
- Extensive Network: The company offers direct service to over 98% of U.S. cities with populations of 30,000 or more, and provides transportation services to more than 48,000 communities via its expansive network of 247 service centers across all 50 states, Canada, and Puerto Rico.
- Cross-Border Services: ABF Freight extends its services to Mexico through partnerships with local trucking companies, facilitating seamless cross-border logistics.
- Specialized Solutions: Services can be tailored for various industries, including retail, healthcare, and manufacturing, ensuring specific business needs are met.
Transportation Management (ABF Logistics)
ABF Logistics represents the companys freight brokerage and intermodal transportation services. This segment has been strategically organized under a single executive management team to enhance service delivery. The key offerings include:
- Freight Brokerage: ABF Logistics connects customers with a network of carriers for efficient shipping solutions, facilitating the movement of freight across various transport modes.
- Intermodal Services: The segment offers intermodal transportation, which involves using multiple modes of transportation (e.g. rail and truck) to move freight more cost-effectively and sustainably.
- Global Ocean Shipping: Customers gain access to worldwide ocean shipping solutions, enabling international freight movement and trade.
- Transportation Management Services: Comprehensive management of transportation logistics, from planning and execution to monitoring and optimization of supply chain processes.
- Warehouse Management: Offerings encompass warehousing solutions that streamline inventory management and distribution activities in coordination with shipping operations.
Household Goods Moving Services (ABF Moving)
ABF Moving operates through the acquisitions of Albert Companies, Inc. and Moving Solutions, Inc. providing specialized services in the household goods moving arena. Key features include:
- Consumer and Corporate Relocation Services: ABF Moving facilitates residential moves for individual consumers and corporations, ensuring a smooth transition during relocations.
- Military Relocation Services: A significant portion of the revenue is generated from services supporting military relocation under government contracts, making the company an established provider of household goods moving solutions for military personnel and their families.
- Self-Move Solutions: ABF Moving offers self-move services, where customers can manage their moving experience with support from ABF Freight’s network. This includes transportation, packing, and delivery services tailored to individual preferences.
- Technology and Customer Service: An emphasis on technology-driven solutions ensures a seamless customer experience with resources for tracking shipments, managing logistics, and coordinating move logistics.
Summary
ArcBest Corporation, through its segments of ABF Freight, ABF Logistics, and ABF Moving, demonstrates a comprehensive approach to logistics and transportation services. By integrating traditional freight services with innovative logistics solutions, ArcBest caters to a wide range of customer needs across various industries, enhancing supply chain efficiencies while maintaining a focus on customer satisfaction.