ArcBest reported fourth quarter 2025 revenue of $972.7 million, down from $1.0 billion in Q4 2024, reflecting a 2.7% year-over-year decline. The company 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 share, in the prior-year quarter. Non-GAAP net income was $8.2 million, or $0.36 per share, versus $31.2 million, or $1.33 per share, a year earlier. A $9.1 million after-tax, noncash impairment charge weighed on results, while on a non-GAAP basis the company restored profitability.

In its asset-based segment, ArcBest generated $648.8 million in Q4 revenue, roughly flat on a per-day basis, with tonnage per day up 2.6% and shipments per day up 2.4%. Billed revenue per hundredweight declined 2.7%, and billed revenue per shipment decreased 2.5%, as pricing gains were offset by freight-mix shifts. Operating income fell to $24.4 million, with an operating ratio of 96.2%, versus $52.3 million and 92.0% one year ago. The asset-light segment posted revenue of $353.5 million, a per-day decrease of 5.1%, and a breakeven non-GAAP operating result, compared to a $5.9 million loss in Q4 2024. Managed transportation growth lifted shipments per day by 0.8%, while purchased transportation expense remained near 86.4% of segment revenue.

For full year 2025, ArcBest delivered revenue of $4.0 billion, down from $4.2 billion in 2024. GAAP net income from continuing operations totaled $60.1 million, or $2.62 per diluted share, versus $173.4 million, or $7.28 per share, in the prior year. On a non-GAAP basis, net income was $84.8 million, or $3.70 per share, compared to $149.7 million, or $6.28 per share. The company invested $198 million in net capital expenditures, including $133 million in revenue equipment, and returned over $86 million to shareholders via share repurchases and dividends. As of January 28, 2026, $100.8 million remained under its buyback authorization, highlighting a disciplined approach to balance sheet management.