Welcome to the TeamstersOnline.com.
Thanks Thanks:  0
LOL LOL:  0
Results 1 to 3 of 3
  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,819
    Rep Power
    918

    Default ArcBest Announces Its Second Quarter 2020 Earnings Conference Call

    FORT SMITH, Ark., July 2, 2020 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) will announce its second quarter 2020 financial results prior to the opening market on Wednesday, July 29, 2020. A conference call with company executives will be held that day at 9:00 a.m. EDT (8:00 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 681–2231.
    https://finance.yahoo.com/news/arcbe...154700589.html

  2. #2
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    17,156
    Rep Power
    371

    Default Re: ArcBest Announces Its Second Quarter 2020 Earnings Conference Call

    ArcBest 2nd quarter results.

    ArcBest Reports Lower Q2, Midyear Earnings Because of COVID-19
    ArcBest turned a second-quarter profit, albeit considerably lower than the year-ago level because of the COVID-19 pandemic, the Fort Smith, Ark., carrier announced July 29.
    The company’s net income was down 36.1% to $15.9 million, or 62 cents per share, compared with $24.4 million, or 92 cents, in the same period a year ago.
    For the first two quarters of 2020, the company posted income of $17.8 million, or 70 cents per share, compared with $1.14 in 2019.
    Upward of 1,000 Teamsters union members were furloughed during the quarter, and the carrier instituted a 15% cut in the salaries of all nonunion employees. Other cost reductions included suspending the employer match of ArcBest’s nonunion 401(k) plan and cutting by 15% fees paid to board members and the board committee chairpersons.
    https://www.ttnews.com/articles/arcb...cause-covid-19

  3. #3
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,819
    Rep Power
    918

    Default Re: ArcBest Announces Its Second Quarter 2020 Earnings Conference Call

    I can happily say that at least for now, everyone was called back in ABQ according to the husband (road drivers) and he has been working his butt off. They also brought all the routes back last week. I know we have a thread for that but I felt considering this financial report it is some good news to post here.

  4. Likes fxstc07 Liked this post
 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •