Sumting Wong
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ArcBest closes 2021 with another big quarter
ArcBest on Tuesday reported fourth-quarter results, which once again outpaced analysts’ expectations.
www.freightwaves.com
ABF | Operating ratio 86.9%
- Thread starter Sumting Wong
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www.freightwaves.com
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ArcBest earnings are impressive, but 86.9 OR isn't the number. All P/L statements are the same. It's the bottom number that counts. That's 91.6, 4% less than 2020. More importantly these are EBITDA numbers. EBITDA means before taxes, depreciation and amortization. Amortization meaning equipment and facilities which cannot be written off at the time of purchase.ArcBest closes 2021 with another big quarter
ArcBest on Tuesday reported fourth-quarter results, which once again outpaced analysts’ expectations.
Steward of the Rock
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ABF Freight (Asset Based) did indeed operate at an 86.9 OR 4th Quarter. If you add in the non-asset based, it comes in a 91.6 OR. Blade, our bonus is based on the Asset Based portion. Nice try at making ABF Freight look worse though. We can always count on your spin on things.
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Congrats to all of you there, good work!
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I think I said the numbers were impressive. Did you miss that part?
It's still true that operating ratio and net profit are different numbers.
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No clue. I am lost with that crazy money. I don't know what anything costs. We put everything on the card and let American Express deal with exchange rates and figure out the price.
Steward of the Rock
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Then try these numbers. ABF had $2.6 Billion dollars in Revenue, and $260.7 Million in Operating Income for the calendar year of 2021. If we are going to figure in the non-asset based portion of ArcBest, then we need to go back and re-figure our bonus for 2019 and 2020. I think they owe us some money. LOL!!!
ArcBest raises long-term financial targets, expects revenue to double by 2025
ArcBest raised long-term expectations Tuesday in conjunction with its fourth-quarter results, which were better than expected. The company now eyes doubling its size by 2025.
www.freightwaves.com
Steward of the Rock
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Trust me when I say that in a lot of cases, we have already achieved the 300-400 lbs. range.LOL!!!This article states their drivers will double in size by 2025? What are the thinking? 300-400 lbs each? Bertha, and Buela size?ArcBest raises long-term financial targets, expects revenue to double by 2025
ArcBest raised long-term expectations Tuesday in conjunction with its fourth-quarter results, which were better than expected. The company now eyes doubling its size by 2025.
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89.9%
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ratio due to no reported mirror loss unlike Yellow
HEY, "C'mon Man" as Joey B says... let's not get persona! Ole 6Pak has actually lost a little since cutting back on the pie and switching to lite beer...
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Yellow Corporation Reports Fourth Quarter and Full Year 2021 Results | Yellow Corporation
Strong Fourth Quarter Results Include Operating Income of $55.8 Million and a 95.7% Operating Ratio OVERLAND PARK, Kan. , Feb. 02, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for fourth quarter and year ended December 31, 2021 .
If I read this right they took a $44.7 million loss for the 4th quarter a $109.1 loss for the year the operating ratio came down & the outstanding debt rose $330 million?
Yellow Corporation Reports Fourth Quarter and Full Year 2021 Results | Yellow Corporation
Strong Fourth Quarter Results Include Operating Income of $55.8 Million and a 95.7% Operating Ratio OVERLAND PARK, Kan. , Feb. 02, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for fourth quarter and year ended December 31, 2021 .investors.myyellow.com
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Yellow Corporation Reports Fourth Quarter and Full Year 2021 Results Strong Fourth Quarter Results Include Operating Income of $55.8 Million and a 95.7% Operating Ratio OVERLAND PARK, Kan., February 2, 2022 – Yellow Corporation (NASDAQ: YELL) reported results for fourth quarter and year ended December 31, 2021. Fourth quarter operating revenue was $1.309 billion and operating income was $55.8 million. In comparison, operating revenue in fourth quarter 2020 was $1.165 billion and operating income was $13.7 million. Net loss for fourth quarter 2021 was $44.7 million, or $0.88 per share, compared to net loss of $18.7 million, or $0.37 per share in fourth quarter 2020.
Yellow's fourth quarter report makes my point. Operating ratios do not indicate the overall health of a company.
Fourth quarter 95.7 operating ratio and fourth quarter operating income of $55.8 million.
Fourth quarter net loss was $44.7 million.
The difference of more than $100 million.
Steward of the Rock
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When it comes to our bonus, the OR of ABF is the only indicator in our contract. Yellow is in an entirely different situation with outstanding debt in the billions thanks to Zollars and company. To my knowledge, the Yellow contract does not even have an OR/MOU in their contract. ArcBest is very healthy for now, so you can quit worrying and wishing hard times on us Blade. Maybe in the future ABF will experience the ”Great Freight Apocalypse” you have predicted due to us Teamsters being overpaid and asking for more thru contract negotiations. Hopefully, that will never happen. But, if it does, you can at least then brag and gloat about how right you were. Would that make you feel better?
I think I just mentioned this in the above post….