ArcBest reported fourth-quarter revenue of $972.7 million, down from $1.0 billion in the prior-year period, and recorded a net loss from continuing operations of $8.1 million, or $0.36 per diluted share, compared with net income of $29.0 million, or $1.24 per diluted share, in Q4 2024. On a non-GAAP basis, the company reported net income of $8.2 million, or $0.36 per diluted share, versus $31.2 million, or $1.33 per diluted share, a year earlier. The quarter included a $9.1 million after-tax noncash impairment charge. Earnings per share fell short of the consensus estimate of $0.45, marking a significant downward revision for investors and reflecting pressure on pricing and volume in both core segments.

In the Asset-Based segment, Q4 revenue was $648.8 million, down 1.1% year-over-year on a per-day basis. Tonnage per day increased 2.6% and shipments per day rose 2.4%, driven by newly onboarded LTL customers, but billed revenue per hundredweight declined 2.7%. Operating income fell to $24.4 million, with an operating ratio of 96.2%, versus $52.3 million and 92.0% in the year-ago quarter. The Asset-Light segment generated $353.5 million in revenue, down 5.9% on a per-day basis, with shipments per day up 0.8% but revenue per shipment down 5.8%. The business recorded an operating loss of $9.9 million, partly offset by disciplined cost management that delivered breakeven non-GAAP results and positive adjusted EBITDA of $1.4 million.

For the full year, ArcBest’s revenue totaled $4.0 billion, down from $4.2 billion in 2024; continuing-operations net income was $60.1 million, or $2.62 per diluted share, versus $173.4 million, or $7.28 per share, a year earlier. On a non-GAAP basis, full-year net income was $84.8 million, or $3.70 per share, down from $149.7 million, or $6.28 per share. The company invested $198 million in net capital expenditures, primarily in revenue equipment, and returned more than $86 million to shareholders through share repurchases and dividends. As of January 28, 2026, $100.8 million remained under the repurchase authorization, reflecting management’s balanced approach to capital allocation amid ongoing market headwinds.