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Stock Market & Financial Investment News

News Breaks
May 30, 2014
14:33 EDTARCBArcBest announces land purchase agreement for new corporate facility
ArcBest announced that it is under contract to purchase 40 acres of land at Chaffee Crossing, Fort Smith, Ark., for construction of a new corporate headquarters facility as the company continues plans for significant growth at all of its operating subsidiaries. ArcBest, a holistic provider of transportation and logistics solutions, has exceeded the capacity at its current Fort Smith general office on Old Greenwood Road and has been leasing supplemental office space at a separate location since early 2012. The company has since outgrown the capacity at that location, which currently houses the ABF Logistics subsidiary personnel, as well. ArcBest has previously announced its goal to grow total corporate revenue to $3B by the end of 2015, with $1B coming from its emerging businesses. In 2013, revenue grew 11% to $2.3B. That anticipated growth, combined with space enabled by the new facility, supports the creation of 975 new jobs in Fort Smith through 2021.
News For ARCB From The Last 14 Days
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October 24, 2014
16:31 EDTARCBArcBest unit announces increase in general rates of approximately 5.4%
ABF Freightsm, an ArcBest company, announced an increase in general rates and charges effective November 3. Rates will increase by about 5.4%, although the effect on specific lanes and shipments will vary. .
16:07 EDTARCBArcBest raises quarterly dividend to 6c from 3c per share
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