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ABF | 1st quarter results….

Puff Driver said:
A bit scary, net profit of $71.3 million but after a profit on the sale of FleetNet of $51 million
Thus only a $20 million profit for a quarter??????
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You are so out of touch with the trucking industry seeing that you’re retired for 19 years. Don’t you comprehend what is being posted on the other boards? It’s been slow real slow, so where would you like the profits to come from….
 
GO40 said:
You are so out of touch with the trucking industry seeing that you’re retired for 19 years. Don’t you comprehend what is being posted on the other boards? It’s been slow real slow, so where would you like the profits to come from….
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ABF loses money quite often in the first quarter.....so this is good...asset light lost money, if I read that right....no time right now to delve into it..
 
Puff Driver said:
A bit scary, net profit of $71.3 million but after a profit on the sale of FleetNet of $51 million
Thus only a $20 million profit for a quarter??????
Click to expand...
That was on the asset light side (ArcBest).
ABF is the asset based side of the business.
The 93.2 OR was our second best first quarter over the last 30 years or so with last years first quarter being the best first quarter.
 
nightowl said:
Looks like another good quarter….
www.prnewswire.com

ArcBest Announces First Quarter 2023 Results

Grew Shipments Despite a Softer Market Backdrop Executing on Accelerated Return of Capital to Shareholders Following Recent Sale of FleetNet America First...
www.prnewswire.com www.prnewswire.com
Click to expand...
Seeing this is the last earnings report before the contract, I think this will help us secure a good contract....
 
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