Wednesday, February 04, 2015
ArcBest Reports 14 Percent Revenue Growth For 2014
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.