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  1. #1
    Taking A Stand!!!

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    Default ArcBestŪ Announces Second Quarter 2018 Results

    So what is this multiemployer pension withdrawal liability charge?

    Second quarter 2018 revenue of $793.4 million, and net income of $1.2 million, or $0.05 per diluted share, includes the impact of a multiemployer pension withdrawal liability charge. On a non-GAAP(1) basis, second quarter 2018 net income was $29.8 million, doubling to $1.12 per diluted share from second quarter 2017.

    - Solid second quarter Asset-Based revenue and operating income associated with yield management initiatives and cost control.

    - Asset-Light revenue growth in the midst of tight truckload capacity in the marketplace.
    FORT SMITH, Ark., July 31, 2018 /PRNewswire/ -- ArcBestŪ (ARCB), a leading logistics company with creative problem solvers who deliver integrated solutions, today reported second quarter 2018 revenue of $793.4 million compared to second quarter 2017 revenue of $720.4 million. This represented a record level of quarterly consolidated revenue in ArcBest's history. Second quarter 2018 operating income, including the $37.9 million multiemployer pension charge described in the following paragraph, was $3.2 million compared to operating income of $25.8 million in the same quarter last year. Net income was $1.2 million, or $0.05 per diluted share compared to second quarter 2017 net income of $15.8 million, or $0.60 per diluted share.
    https://finance.yahoo.com/news/arcbe...200500950.html

  2. #2
    Scab Hating Union Thug

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    Default Re: ArcBestŪ Announces Second Quarter 2018 Results

    What I heard was things east of the Rockies were being held up for a bit until things were settled in regards to pensions liabilities. My guess is funds that are having trouble.

    Sent from my SM-J327T using Tapatalk

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  4. #3
    Getting In The Groove Now.

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    retired
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    boston
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    Default Re: ArcBestŪ Announces Second Quarter 2018 Results

    Quote Originally Posted by ABFwife View Post
    So what is this multiemployer pension withdrawal liability charge?





    https://finance.yahoo.com/news/arcbe...200500950.html
    Ithink this has to do with ABF paying off there liability with the new england fund, and getting into the hybird part of the fund.

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