ArcBest reported first quarter 2025 revenue of $967.1 million, a 6.7% decrease compared to $1.0 billion in the first quarter of 2024. GAAP net income from continuing operations was $3.1 million, or $0.13 per diluted share, a turnaround from a net loss of $2.9 million, or $0.12 per diluted share, in the prior year.
On a non-GAAP basis, first quarter 2025 net income was $11.9 million, or $0.51 per diluted share, down from $32.3 million, or $1.34 per diluted share, in the prior year. The Asset-Based segment experienced tonnage declines due to a 3.9% decrease in weight per shipment and flat daily shipments.
The Asset-Light segment's revenues were impacted by lower revenue per shipment and a higher mix of managed transportation business, with shipments per day lower by 3.7% due to a strategic reduction in less profitable truckload volumes. However, the segment benefited from improved margins and productivity, resulting in a $4.7 million improvement in non-GAAP operating loss sequentially.
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