ArcBest Corporation reported second-quarter 2026 non-GAAP earnings per share of $2.38, compared to $1.36 in the prior-year period, driven by stronger pricing and growth in managed solutions. Revenue rose 16% year over year to $1.2 billion, while the company announced a restructuring plan targeting $40 million in annualized cost savings through brand consolidation and facility closures. Asset-Based revenue reached $783.7 million, up 9.9% on a daily basis, with an adjusted operating ratio of 90.8%, a 200-basis-point improvement. Asset-Light revenue was $438.7 million, up 28.3% on a daily basis, led by a 14.6% increase in shipments per day and record managed solutions volumes. GAAP results included a net loss of $13.8 million, reflecting $85.3 million in pre-tax noncash impairment and restructuring charges, primarily from the write-off of the Panther trade name and U-Pack equipment. The company expects third-quarter Asset-Based adjusted operating ratio to be generally in line with the second quarter, while Asset-Light non-GAAP operating income is projected at $6 million to $8 million.
ArcBest CorpQ2 non-GAAP EPS beat and revenue growth, plus restructuring plan for cost savings.
