ArcBest Expects Four Percent Margin Drop

ArcBest anticipates a significant drop in profit margins for its asset-based segment in Q4, with a four percent sequential decline expected. Despite a one percent year-over-year increase in revenue per day in November, the overall margin outlook remains unfavorable due to a soft freight market and fewer workdays. The manufacturing sector, a key indicator for freight, has been contracting for thirty-five of the past thirty-seven months, further impacting the broader freight market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.