ABF | ArcBest’s tonnage was up 12% y/y in July but only 3.5% higher in August.

[Sumting Wong]

ArcBest update shows signs of moderation; Saia EPS estimates cut

More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.

www.freightwaves.com

Yields were up 11.2% y/y in July and 9% in August compared to plus 17.7% y/y last quarter.

 

[Sumting Wong]

"......Purchased transportation costs as a percentage of revenue in the division ticked higher sequentially at 82.7% in July and 83% in August even as third-party capacity costs have declined in the spot market. Purchased transportation expenses were 81.5% of revenue in the second quarter......."??????

?? Did the ABF driver haul anything???

 

[Hookman]

The tonnage was up in R Kansas, they hauled SORs cousins, Puddin & Bertha to the state fair to participate in the hog calling (razorbacks) championships.

 

[GO40]

"......Purchased transportation costs as a percentage of revenue in the division ticked higher sequentially at 82.7% in July and 83% in August even as third-party capacity costs have declined in the spot market. Purchased transportation expenses were 81.5% of revenue in the second quarter......."??????

?? Did the ABF driver haul anything???

It did slow down a bit but my guess is that they will move expenses around so the company looks like it's not making that much money. WE all know the contract is right around the corner....

 

[6PakAbs]

It did slow down a bit but my guess is that they will move expenses around so the company looks like it's not making that much money. WE all know the contract is right around the corner....

are you referring to "Cooking the Books" ? wow, what a concept!