ArcBest reported Q4 revenue of $972.7 million, down from $1.0 billion in the year-ago period. The company incurred 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. Results included a $9.1 million after-tax, noncash impairment charge. On a non-GAAP basis, ArcBest generated net income of $8.2 million, or $0.36 per diluted share, versus $31.2 million, or $1.33 per diluted share, in the prior year quarter.

In the Asset-Based segment, Q4 revenue was $648.8 million, slightly below $656.2 million a year earlier. Tonnage per day rose 2.6% and shipments per day rose 2.4%, but lower billed revenue per shipment and per hundredweight drove segment operating income down to $24.4 million (operating ratio 96.2%) from $52.3 million (92.0%). In the Asset-Light segment, revenue fell to $353.5 million from $375.4 million, yielding an operating loss of $9.9 million versus a $1.6 million loss last year. On a non-GAAP basis, the unit broke even, and adjusted EBITDA improved to $1.4 million from negative $4.2 million.

Full year 2025 revenue totaled $4.0 billion, down from $4.2 billion in 2024. Net income from continuing operations was $60.1 million, or $2.62 per diluted share, compared with $173.4 million, or $7.28 per diluted share, a year ago. On a non-GAAP basis, full year net income was $84.8 million, or $3.70 per diluted share, versus $149.7 million, or $6.28 per diluted share. ArcBest invested $198 million in net capital expenditures and returned over $86 million to shareholders through buybacks and dividends, with $100.8 million of repurchase authority remaining.

The company achieved modest growth in LTL shipments and tonnage as new core customers were onboarded, while Asset-Light productivity reached record levels. Customer contract renewals delivered an average 5.0% price increase, though freight-mix shifts led to a 3% decline in billed revenue per hundredweight. Management emphasized resilience in a challenging freight environment and confidence in its integrated, technology-driven supply chain solutions to drive long-term value.