ArcBest’s third‑quarter 2025 revenue reached $1.048 billion, a 1.2% decline from $1.063 billion in the same period last year. The decline masks a 1.6% year‑over‑year increase in the asset‑based segment, which grew to $726.5 million, while the asset‑light segment continued to expand its shipment volumes, contributing to the company’s overall revenue mix.
The company’s GAAP net income from continuing operations fell to $39.3 million, or $1.72 per diluted share, a 60% drop from $100.3 million ($4.23 per share) in Q3 2024. The sharp decline reflects the absence of the after‑tax benefit recorded in the MoLo acquisition in the prior year. Non‑GAAP net income was $33.4 million, or $1.46 per diluted share, beating the consensus estimate of $1.37 by $0.09.
Operating performance improved on a non‑GAAP basis. Consolidated operating income was $54.6 million, down from $64 million in Q3 2024, but the operating ratio improved to 92.5% from 91.0% thanks to $15.9 million in net gains from asset sales. The asset‑based segment’s operating ratio reached 90.3%, while the asset‑light segment generated $1.6 million in operating income, its first profitable quarter since Q3 2023.
"ArcBest continues to deliver, even in this challenging freight environment," said Chairman and CEO Judy R. McReynolds. She highlighted growth in LTL shipments and tonnage, record volumes in the asset‑light segment, and the company’s integrated logistics model as key drivers of resilience.
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