ArcBest Streamlines Brand Structure, Operations for Long-Term Growth

MT Newswires Live
Jul 17

ArcBest (ARCB) has implemented a simplified brand structure and organizational changes to enhance operational efficiency, customer experience, long-term growth and profitability, the company said late Thursday.

MoLo Solutions, Panther Premium Logistics and ArcBest Technologies will operate under the ArcBest brand, effective Aug. 1, while the ABF Freight brand will continue to carry the company's less-than-truckload carrier, ArcBest said.

The company said it is streamlining the organizational structure by reducing 2% of total positions through workforce eliminations and removing certain open positions, as well as the consolidation of select service centers representing about 1% of the company's network doors.

The company expects these measures to generate annualized cost savings of about $40 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10