On Thursday, Shares of ArcBest Corp (NASDAQ:ARCB), added 0.58% and now trading at $26.00 in the current trading session. The current trading range of the stock ranges between $25.60 and $26.15.
ArcBest℠ (Nasdaq: ARCB) declared that it moved up three spots on Transport Topics’ list of the Top Freight Brokerage Firms of 2017 to No. 18.
The logistics provider rose in the rankings from 2016 when it was listed under former partner ABF Logistics®.
“We are committed to providing customers with easier access to all the logistics solutions we offer, and I am happy that ArcBest is included on Transport Topics’ annual rankings,” said Judy R. McReynolds, ArcBest chairman, president and CEO. “No matter how complex a customer’s supply chain challenge, we work to solve it simply and seamlessly.”
ArcBest delivers integrated logistics solutions for various supply chain challenges, with offerings that include less-than-truckload services through our ABF Freight® network, ground expedite shipping through our Panther Premium Logistics® service, in addition to truckload, time critical, ocean and air, managed transportation, warehousing and distribution, and moving solutions. In January, the company implemented a formerly declared new corporate structure to better serve customers. ABF Logistics and Panther were merged into a single asset-light logistics operation under ArcBest.
Transport Topics has covered news in the freight transportation and trucking industry for 80 years. The rankings are based on companies’ net revenue for the most recent 12-month period.
Analyst recommendation for this stock stands at 2.90.