Wednesday, February 04, 2015

ArcBest Reports 14 Percent Revenue Growth For 2014

ArcBest Corp., a Fort Smith-based national logistics company, on Wednesday reported a 41 percent increase in net income for the fourth quarter compared to the previous year and a 14 percent increase in 2014 revenue for a total of $2.6 billion.

With the construction of a new headquarters at Chaffee Crossing in Fort Smith and other construction, ArcBest officials expect real estate expenditures for 2015 to total approximately $55 million. Having increased its borrowing power, the company also plans to spend approximately $110 million in equipment upgrades for subsidiaries ABF Freight and Panther Premium Logistics to improve fuel efficiency and decrease maintenance spending. ArcBest expects to spend $203 million total in capital expenditures this year with the addition of more trucks.

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