The company’s asset-based segment, which includes results from less-than-truckload carrier ABF Freight, saw tonnage fall 10% year over year in August, following a 12.5% decline in July, according to a Tuesday evening filing with the Securities and Exchange Commission. The August decline was the combination of a 1% dip in shipments and a 9% drop in weight per shipment. The carrier foreshadowed the y/y decline on its second-quarter call in early August, saying some of the initial wins captured last summer had been lost to lower-cost providers.
https://www.freightwaves.com/news/economic-headwinds-light-shipments-weigh-on-arcbest-in-august
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