ArcBest reported Q4 2025 revenue of $972.7 million, down from $1.0 billion a year earlier, driven by a 0.3% per-day decline in its Asset-Based segment and a 5.1% per-day decline in Asset-Light. The company recorded a net loss from continuing operations of $8.1 million, or $0.36 per diluted share, versus net income of $29.0 million, or $1.24 per diluted share in Q4 2024. On a non-GAAP basis, ArcBest delivered net income of $8.2 million, or $0.36 per diluted share, compared to $31.2 million, or $1.33 per diluted share last year. The quarter included a $9.1 million after-tax noncash impairment charge.

In the Asset-Based segment, revenue fell to $648.8 million from $656.2 million, but tonnage per day rose 2.6% and shipments per day gained 2.4%, driven by newly onboarded LTL customers. Operating income stood at $24.4 million, with a 96.2% operating ratio versus 92.0% in Q4 2024. Contract renewals averaged a 5.0% price increase, but billed revenue per hundredweight declined about 3% as freight mix shifted. In Asset-Light, revenue decreased to $353.5 million from $375.4 million, shipments per day ticked up 0.8%, and purchased transportation expense improved marginally to 86.4% of revenue. The segment posted a $9.9 million operating loss (non-GAAP breakeven) and adjusted EBITDA of $1.4 million, reflecting disciplined cost management.

For full year 2025, ArcBest generated $4.0 billion in revenue, down from $4.2 billion in 2024. Net income from continuing operations was $60.1 million, or $2.62 per diluted share, versus $173.4 million, or $7.28 per diluted share in 2024, which benefitted from a $67.9 million one-time accounting gain. On a non-GAAP basis, full year net income was $84.8 million, or $3.70 per diluted share. Capital expenditures totaled $198 million, including $133 million in revenue equipment. The company returned over $86 million to shareholders through buybacks and dividends, and as of January 28, 2026, maintained $100.8 million in repurchase authorization.