ArcBest breaks company records with 2021 quarterly and annual results
On February 1, 2022, ArcBest reported its fourth quarter and full year revenue results for 2021. The company recorded a fourth quarter net income of $65.5 million and a full-year income of $213.5 million, achieving the highest figures in the company’s history. Furthermore, each of ArcBest’s operating segments achieved double-digit percentage revenue growth compared with the prior year. Judy R. Mc Reynolds, ArcBest's CEO, stated that its smart investments across businesses have allowed the company to rapidly evolve and it seeks to continue this in 2022 and beyond.
Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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