ArcBest sees 20% Increase in Shipments at Core Accounts

September 27, 2023

Less-than-truckload carriers continue to report higher shipment counts following Yellow’s exit, but total tonnage is being constrained by lighter shipment weights. ArcBest's August shipments were 3% higher year over year, following a 1.4% increase in July.

  • ArcBest's tonnage was 5.2% lower year over year in July and is down 6% so far in August.
  • Carrier SAIA reported a 13% year-over-year increase in shipments for the first two weeks of August.
  • Diesel prices are down 21% year over year so far in the quarter but up 11% in August from July.

Following Yellow's troubles, LTL carrier ArcBest has been taking on customers, raising their shipments up to 20,000 per day. The company had been facing a decline in revenue year-over-year, down 2% in August following an 11.3% decline in July. Upon the intake of new customers, daily revenue went up 2% this quarter, sequentially following a 13% yield.  

They are predicting a $10 million to $15 million sequential decline in adjusted operating income, implying an operating loss from the $6.4 million in income booked in the second quarter.


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