ArcBest Corporation
Climate Impact & Sustainability Data (2015-09-30)
Reporting Period: 2015-09-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Weaker than expected freight markets resulting from high inventories, lower industrial-related manufacturing production, and weaker consumer spending.
- Lower fuel surcharges
- Abundant capacity in the truckload spot market and the impact of lower fuel surcharges reduced Panther’s revenue per load and revenue per mile.
Mitigation Strategies
- ABF Freight’s focus on yield management and account profitability combined with changes in freight profile produced a third quarter pricing yield increase.
- Improved operating income reflects a more cost effective balance in using internal resources versus purchased transportation.
- ABF Freight implemented a 4.95 percent increase in general rates and charges.