ArcBest第二季收入升16%但錄淨虧損1382萬美元，受8527萬美元減值拖累

ARCBEST CORPORATION_June 30, 2026
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Table of Contents

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
​
Washington, D.C. 20549
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FORM 10-Q
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☒
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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For the quarterly period ended June 30, 2026
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☐
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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For the transition period from                          to                         
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Commission file number 000-19969
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ARCBEST CORPORATION
(Exact name of registrant as specified in its charter)
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Texas
(State or other jurisdiction of
incorporation or organization)
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71-0673405
(I.R.S. Employer Identification No.)

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8401 McClure Drive
Fort Smith, Arkansas 72916
(479) 785-6000
 (Address, including zip code, and telephone number, including
area code, of the registrant’s principal executive offices)
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Not Applicable
 (Former name, former address and former fiscal year, if changed since last report.)
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Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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Title of each class
Trading Symbol(s)
Name of each exchange on which registered

Common Stock $0.01 Par Value
ARCB
Nasdaq

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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No
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Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No
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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer ☒
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Accelerated filer ☐
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Non-accelerated filer ☐
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Smaller reporting company ☐
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Emerging growth company ☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No
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Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
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Class
  ​ ​ ​
Outstanding at July 28, 2026

Common Stock, $0.01 par value
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22,351,354 shares

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Table of Contents

ARCBEST CORPORATION
​
INDEX
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Page

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PART I. FINANCIAL INFORMATION
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Item 1.
Financial Statements
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Consolidated Balance Sheets — June 30, 2026 and December 31, 2025
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3

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Consolidated Statements of Operations — For the Three and Six Months ended June 30, 2026 and 2025
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4

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Consolidated Statements of Comprehensive Income (Loss) — For the Three and Six Months ended June 30, 2026 and 2025
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5

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Consolidated Statements of Stockholders’ Equity — For the Three and Six Months ended June 30, 2026 and 2025
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6

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Consolidated Statements of Cash Flows — For the Six Months ended June 30, 2026 and 2025
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7

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Notes to Consolidated Financial Statements
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8

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Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
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22

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Item 3.
Quantitative and Qualitative Disclosures About Market Risk
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38

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Item 4.
Controls and Procedures
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38

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PART II. OTHER INFORMATION
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Item 1.
Legal Proceedings
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39

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Item 1A.
Risk Factors
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39

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Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
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39

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Item 3.
Defaults Upon Senior Securities
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39

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Item 4.
Mine Safety Disclosures
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39

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Item 5.
Other Information
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40

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Item 6.
Exhibits
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41

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SIGNATURES
42

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Table of Contents

PART I.
FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
ARCBEST CORPORATION
CONSOLIDATED BALANCE SHEETS
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June 30
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December 31
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  ​ ​ ​
2026
  ​ ​ ​
2025
 

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(Unaudited)
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(in thousands, except share data)
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ASSETS
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CURRENT ASSETS
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Cash and cash equivalents
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$
 145,851
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$
 102,030
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Short-term investments
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 22,580
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 22,204
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Accounts receivable, less allowances (2026 – $8,884; 2025 – $7,763)
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 453,782
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 370,969
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Other accounts receivable, less allowances (2026 – $713; 2025 – $656)
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 9,206
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 26,295
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Prepaid expenses
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 38,748
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 49,399
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Prepaid and refundable income taxes
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 27,483
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 45,405
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Other
​
 
 8,836
​
 
 9,761
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TOTAL CURRENT ASSETS
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 706,486
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 626,063
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PROPERTY, PLANT AND EQUIPMENT
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​
​
​
​
​
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Land and structures
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 574,861
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 566,071
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Revenue equipment
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 1,212,564
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 1,201,386
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Service, office, and other equipment
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 312,336
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 363,340
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Software
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 191,444
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 190,673
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Leasehold improvements
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 43,349
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 41,531
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​
​
 
 2,334,554
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 2,363,001
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Less allowances for depreciation and amortization
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 1,242,195
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 1,219,564
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PROPERTY, PLANT AND EQUIPMENT, net
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 1,092,359
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 1,143,437
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GOODWILL
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 304,753
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 304,753
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INTANGIBLE ASSETS, net
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 37,716
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 69,391
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OPERATING RIGHT-OF-USE ASSETS
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​
 215,292
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​
 220,157
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DEFERRED INCOME TAXES
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 16,770
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 9,303
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OTHER LONG-TERM ASSETS
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 78,909
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 79,558
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TOTAL ASSETS
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$
 2,452,285
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$
 2,452,662
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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CURRENT LIABILITIES
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Accounts payable
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$
 198,228
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$
 154,487
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Income taxes payable
​
 
 8,811
​
 
 —
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Accrued expenses
​
 
 391,794
​
 
 378,125
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Current portion of long-term debt
​
 
 94,484
​
 
 87,882
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Current portion of operating lease liabilities
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​
 36,263
​
​
 36,394
​

TOTAL CURRENT LIABILITIES
​
 
 729,580
​
 
 656,888
​

LONG-TERM DEBT, less current portion
​
 
 121,065
​
 
 135,974
​

OPERATING LEASE LIABILITIES, less current portion
​
​
 207,947
​
​
 204,333
​

POSTRETIREMENT LIABILITIES, less current portion
​
 
 13,700
​
 
 13,696
​

DEFERRED INCOME TAXES
​
 
 80,898
​
 
 111,580
​

OTHER LONG-TERM LIABILITIES
​
 
 31,502
​
 
 34,470
​

COMMITMENTS AND CONTINGENCIES
​
 
​
​
​
​
​

​
​
​
​
​
​
​
​

STOCKHOLDERS’ EQUITY
​
​
​
​
​
​
​

Common stock, $0.01 par value, authorized 70,000,000 shares; 
issued 2026: 30,579,951 shares; 2025: 30,489,886 shares
​
 
 306
​
 
 305
​

Additional paid-in capital
​
 
 338,861
​
 
 338,083
​

Retained earnings
​
 
 1,464,152
​
 
 1,484,378
​

Treasury stock, at cost, 2026: 8,232,856 shares; 2025: 8,140,368 shares
​
 
 (534,777)
​
 
 (526,606)
​

Accumulated other comprehensive loss
​
 
 (949)
​
 
 (439)
​

TOTAL STOCKHOLDERS’ EQUITY
​
 
 1,267,593
​
 
 1,295,721
​

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
​
$
 2,452,285
​
$
 2,452,662
​

​
​
​
​
​
See notes to consolidated financial statements.

3

Table of Contents

ARCBEST CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
​
Three Months Ended 
​
Six Months Ended 
​

​
​
June 30
​
June 30
​

​
  ​ ​ ​
2026
  ​ ​ ​
2025
  ​ ​ ​
2026
  ​ ​ ​
2025
 

​
​
(Unaudited)
​

​
​
(in thousands, except share and per share data)
​

REVENUES
​
$
 1,184,533
​
$
 1,022,256
​
$
 2,183,319
​
$
 1,989,333
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

OPERATING EXPENSES
​
 
 1,205,156
​
​
 984,947
​
 
 2,200,512
​
​
 1,945,394
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

OPERATING INCOME (LOSS)
​
 
 (20,623)
​
 
 37,309
​
 
 (17,193)
​
 
 43,939
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

OTHER INCOME (COSTS)
​
​
​
​
​
​
​
​
​
​
​
​
​

Interest and dividend income
​
 
 906
​
 
 1,037
​
 
 1,582
​
 
 2,187
​

Interest and other related financing costs
​
 
 (3,391)
​
 
 (2,956)
​
 
 (7,679)
​
 
 (5,711)
​

Other, net
​
 
 2,152
​
 
 578
​
 
 1,000
​
 
 (273)
​

​
​
 
 (333)
​
 
 (1,341)
​
 
 (5,097)
​
 
 (3,797)
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

INCOME (LOSS) BEFORE INCOME TAXES
​
 
 (20,956)
​
 
 35,968
​
 
 (22,290)
​
 
 40,142
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

INCOME TAX PROVISION (BENEFIT)
​
 
 (7,132)
​
 
 10,159
​
 
 (7,429)
​
 
 11,202
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

NET INCOME (LOSS)
​
$
 (13,824)
​
$
 25,809
​
$
 (14,861)
​
$
 28,940
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

EARNINGS PER COMMON SHARE
​
​
​
​
​
​
​
​
​
​
​
​
​

Basic
​
$
 (0.62)
​
$
 1.12
​
$
 (0.67)
​
$
 1.25
​

Diluted
​
$
 (0.62)
​
$
 1.12
​
$
 (0.67)
​
$
 1.25
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

AVERAGE COMMON SHARES OUTSTANDING
​
​
​
​
​
​
​
​
​
​
​
​
​

Basic
​
 
 22,348,772
​
 
 22,944,228
​
 
 22,344,449
​
 
 23,070,812
​

Diluted
​
 
 22,348,772
​
 
 23,008,707
​
 
 22,344,449
​
 
 23,146,609
​

​
See notes to consolidated financial statements.
​
​

4

Table of Contents

ARCBEST CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
​
Three Months Ended 
​
Six Months Ended 
​

​
​
June 30
​
June 30
​

​
  ​ ​ ​
2026
  ​ ​ ​
2025
  ​ ​ ​
2026
  ​ ​ ​
2025
 

​
​
(Unaudited)
​

​
​
(in thousands)
​

NET INCOME (LOSS)
​
$
 (13,824)
​
$
 25,809
​
$
 (14,861)
​
$
 28,940
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

OTHER COMPREHENSIVE INCOME (LOSS), net of tax
​
​
​
​
​
​
​
​
​
​
​
​
​

Amortization of actuarial gain included in net periodic benefit credit, net of tax
(2026 – Three-month period $39, Six-month period $78)
(2025 – Three-month period $54, Six-month period $108)
​
​
 (113)
​
 
 (156)
​
​
 (226)
​
​
 (312)
​

Change in foreign currency translation, net of tax:
(2026 – Three-month period $77, Six-month period $99)
(2025 – Three-month period $241, Six-month period $175)
​
 
 (222)
​
 
 679
​
 
 (284)
​
 
 492
​

OTHER COMPREHENSIVE INCOME (LOSS), net of tax
​
 
 (335)
​
 
 523
​
 
 (510)
​
 
 180
​

​
​
​
​
​
​
​
​
​
​
​
​
​
​

TOTAL COMPREHENSIVE INCOME (LOSS)
​
$
 (14,159)
​
$
 26,332
​
$
 (15,371)
​
$
 29,120
​

​
See notes to consolidated financial statements.
​
​

5

Table of Contents

ARCBEST CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
Three Months Ended June 30, 2026 and 2025

​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
Accumulated
​
​
​

​
​
​
​
​
​
​
Additional
​
​
​
​
​
​
​
​
​
Other
​
​
​

​
Common Stock
  ​ ​ ​
Paid-In
​
Retained
​
Treasury Stock
  ​ ​ ​
Comprehensive
​
Total

​
Shares
  ​ ​ ​
Amount
  ​ ​ ​
Capital
  ​ ​ ​
Earnings
  ​ ​ ​
Shares
  ​ ​ ​
Amount
  ​ ​ ​
Income (Loss)
  ​ ​ ​
Equity

​
(Unaudited)

​
(in thousands)

Balance at March 31, 2026
 
 30,499
​
$
 305
​
$
 340,201
​
$
 1,480,662
 
 8,225
​
$
 (534,028)
​
$
 (614)
​
$
 1,286,526

Net loss
​
​
​
​
​
​
​
​
​
 
 (13,824)
​
​
​
​
​
​
​
​
​
 
 (13,824)

Other comprehensive loss, net of tax
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
 
 (335)
​
 
 (335)

Issuance of common stock under share-based compensation plans
 
 81
​
 
 1
​
 
 (1)
​
​
​
​
​
​
​
​
​
​
​
​
 
 —

Shares withheld for employee tax remittance on share-based compensation
​
​
​
​
​
​
 
 (3,941)
​
​
​
​
​
​
​
​
​
​
​
​
 
 (3,941)

Share-based compensation expense
​
​
​
​
​
​
 
 2,602
​
​
​
​
​
​
​
​
​
​
​
​
 
 2,602

Purchase of treasury stock
​
​
​
​
​
​
​
​
​
​
​
​
 8
​
​
 (749)
​
​
​
​
​
 (749)

Dividends declared on common stock
​
​
​
​
​
​
​
​
​
 
 (2,686)
​
​
​
​
​
​
​
​
​
 
 (2,686)

Balance at June 30, 2026
 
 30,580
​
$
 306
​
$
 338,861
​
$
 1,464,152
 
 8,233
​
$
 (534,777)
​
$
 (949)
​
$
 1,267,593

​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​

Balance at March 31, 2025
 
 30,402
​
$
 304
​
$
 331,944
​
$
 1,435,596
 
 7,374
​
$
 (473,029)
​
$
 (71)
​
$
 1,294,744

Net income
​
​
​
​
​
​
​
​
​
 
 25,809
​
​
​
​
​
​
​
​
​
 
 25,809

Other comprehensive income, net of tax
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
 
 523
​
 
 523

Issuance of common stock under share-based compensation plans
 
 81
​
 
 1
​
 
 (1)
​
​
​
​
​
​
​
​
​
​
​
​
 
 —

Shares withheld for employee tax remittance on share-based compensation
​
​
​
​
​
​
 
 (1,924)
​
​
​
​
​
​
​
​
​
​
​
​
 
 (1,924)

Share-based compensation expense
​
​
​
​
​
​
 
 3,779
​
​
​
​
​
​
​
​
​
​
​
​
 
 3,779

Purchase of treasury stock
​
​
​
​
​
​
​
​
​
​
​
​
 306
​
​
 (19,747)
​
​
​
​
​
 (19,747)

Dividends declared on common stock
​
​
​
​
​
​
​
​
​
 
 (2,758)
​
​
​
​
​
​
​
​
​
 
 (2,758)

Balance at June 30, 2025
 
 30,483
​
$
 305
​
$
 333,798
​
$
 1,458,647
 
 7,680
​
$
 (492,776)
​
$
 452
​
$
 1,300,426

​
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
Six Months Ended June 30, 2026 and 2025

​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
Accumulated
​
​
​

​
​
​
​
​
​
​
Additional
​
​
​
​
​
​
​
​
​
Other
​
​
​

​
Common Stock
  ​ ​ ​
Paid-In
​
Retained
​
Treasury Stock
  ​ ​ ​
Comprehensive
​
Total

​
Shares
  ​ ​ ​
Amount
  ​ ​ ​
Capital
  ​ ​ ​
Earnings
  ​ ​ ​
Shares
  ​ ​ ​
Amount
  ​ ​ ​
Income (Loss)
  ​ ​ ​
Equity

​
(Unaudited)

​
(in thousands)

Balance at December 31, 2025
 
 30,490
​
$
 305
​
$
 338,083
​
$
 1,484,378
 
 8,140
​
$
 (526,606)
​
$
 (439)
​
$
 1,295,721

Net loss
​
​
​
​
​
​
​
​
​
 
 (14,861)
​
​
​
​
​
​
​
​
​
 
 (14,861)

Other comprehensive loss, net of tax
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
 (510)
​
​
 (510)

Issuance of common stock under share-based compensation plans
​
 90
​
 
 1
​
​
 (1)
​
​
​
​
​
​
​
​
​
​
​
​
​
 —

Shares withheld for employee tax remittance on share-based compensation
​
​
​
​
​
​
​
 (3,941)
​
​
​
​
​
​
​
​
​
​
​
​
​
 (3,941)

Share-based compensation expense
​
​
​
​
​
​
​
 4,720
​
​
​
​
​
​
​
​
​
​
​
​
​
 4,720

Purchase of treasury stock
​
​
​
​
​
​
​
​
​
​
​
​
 93
​
​
 (8,171)
​
​
​
​
​
 (8,171)

Dividends declared on common stock
​
​
​
​
​
​
​
​
​
 
 (5,365)
​
​
​
​
​
​
​
​
​
​
 (5,365)

Balance at June 30, 2026
 
 30,580
​
$
 306
​
$
 338,861
​
$
 1,464,152
 
 8,233
​
$
 (534,777)
​
$
 (949)
​
$
 1,267,593

​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​

Balance at December 31, 2024
 
 30,402
​
$
 304
​
$
 329,575
​
$
 1,435,250
 
 7,115
​
$
 (451,039)
​
$
 272
​
$
 1,314,362

Net income
​
​
​
​
​
​
​
​
​
 
 28,940
​
​
​
​
​
​
​
​
​
 
 28,940

Other comprehensive income, net of tax
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
 180
​
​
 180

Issuance of common stock under share-based compensation plans
​
 81
​
 
 1
​
​
 (1)
​
​
​
​
​
​
​
​
​
​
​
​
​
 —

Shares withheld for employee tax remittance on share-based compensation
​
​
​
​
​
​
​
 (1,938)
​
​
​
​
​
​
​
​
​
​
​
​
​
 (1,938)

Share-based compensation expense
​
​
​
​
​
​
​
 6,162
​
​
​
​
​
​
​
​
​
​
​
​
​
 6,162

Purchase of treasury stock
​
​
​
​
​
​
​
​
​
​
​
​
 565
​
​
 (41,737)
​
​
​
​
​
 (41,737)

Dividends declared on common stock
​
​
​
​
​
​
​
​
​
 
 (5,543)
​
​
​
​
​
​
​
​
​
​
 (5,543)

Balance at June 30, 2025
 
 30,483
​
$
 305
​
$
 333,798
​
$
 1,458,647
 
 7,680
​
$
 (492,776)
​
$
 452
​
$
 1,300,426

​
See notes to consolidated financial statements.

6

Table of Contents

​
ARCBEST CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
​
​

​

​

​

​

​

​

​

​
​
Six Months Ended 
​

​
​
June 30
​

​
  ​ ​ ​
2026
  ​ ​ ​
2025
 

​
​
(Unaudited)
​

​
​
(in thousands)
​

OPERATING ACTIVITIES
​
​
​
​
​
​
​

Net income (loss)
​
$
 (14,861)
​
$
 28,940
​

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
​
​
​
​
​
​
​

Depreciation and amortization
​
 
 83,929
​
 
 74,490
​

Amortization of intangibles
​
 
 5,056
​
 
 6,400
​

Share-based compensation expense
​
 
 4,720
​
 
 6,162
​

Provision for losses on accounts receivable
​
 
 2,257
​
 
 1,402
​

Change in deferred income taxes
​
 
 (37,989)
​
 
 (187)
​

(Gain) loss on sale of property and equipment
​
 
 (1,784)
​
 
 42
​

Asset impairment charges
​
​
 85,266
​
​
 —
​

Change in fair value of contingent consideration
​
​
 —
​
​
 (2,650)
​

Changes in operating assets and liabilities:
​
​
​
​
​
​
​

Receivables
​
 
 (68,517)
​
 
 3,866
​

Prepaid expenses
​
 
 10,651
​
 
 9,744
​

Other assets
​
 
 (2,315)
​
 
 (1,396)
​

Income taxes
​
 
 26,652
​
 
 9,130
​

Operating right-of-use assets and lease liabilities, net
​
​
 (15)
​
​
 (11,421)
​

Accounts payable, accrued expenses, and other liabilities
​
 
 45,229
​
 
 (39,486)
​

NET CASH PROVIDED BY OPERATING ACTIVITIES
​
 
 138,279
​
 
 85,036
​

​
​
​
​
​
​
​
​

INVESTING ACTIVITIES
​
​
​
​
​
​
​

Purchases of property, plant and equipment, net of financings
​
 
 (22,388)
​
 
 (42,007)
​

Proceeds from sale of property and equipment
​
 
 6,095
​
 
 6,142
​

Proceeds from sale of short-term investments
​
 
 —
​
 
 5,236
​

Capitalization of internally developed software
​
​
 (7,275)
​
 
 (6,268)
​

Other investing activities
​
 
 —
​
 
 1,075
​

NET CASH USED IN INVESTING ACTIVITIES
​
 
 (23,568)
​
 
 (35,822)
​

​
​
​
​
​
​
​
​

FINANCING ACTIVITIES
​
​
​
​
​
​
​

Borrowings under credit facilities
​
 
 —
​
​
 25,000
​

Payments on long-term debt
​
 
 (52,679)
​
 
 (35,526)
​

Net change in book overdrafts
​
 
 (717)
​
 
 (2,021)
​

Deferred financing costs
​
​
 (17)
​
​
 (19)
​

Payment of common stock dividends
​
 
 (5,365)
​
 
 (5,543)
​

Purchases of treasury stock
​
​
 (8,171)
​
​
 (41,737)
​

Payments for tax withheld on share-based compensation
​
 
 (3,941)
​
 
 (1,938)
​

NET CASH USED IN FINANCING ACTIVITIES
​
 
 (70,890)
​
 
 (61,784)
​

​
​
​
​
​
​
​
​

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
​
 
 43,821
​
 
 (12,570)
​

Cash and cash equivalents at beginning of period
​
 
 102,030
​
 
 127,444
​

CASH AND CASH EQUIVALENTS AT END OF PERIOD
​
$
 145,851
​
$
 114,874
​

​
​
​
​
​
​
​
​

NONCASH INVESTING ACTIVITIES
​
​
​
​
​
​
​

Equipment financed
​
$
 44,372
​
$
 62,791
​

Accruals for equipment received
​
$
 10,186
​
$
 14,586
​

Lease liabilities arising from obtaining right-of-use assets
​
$
 22,228
​
$
 41,978
​

​
See notes to consolidated financial statements.
​

7

Table of Contents

NOTE A – ORGANIZATION AND DESCRIPTION OF THE BUSINESS AND FINANCIAL STATEMENT PRESENTATION
​
Organization and Description of Business
​
ArcBest Corporation™ (the “Company”) is a multibillion-dollar integrated logistics company that leverages technology and a full suite of shipping and logistics solutions across multiple modes of transportation to meet customers’ supply chain needs. The Company, which started over a century ago as a local freight hauler, serves as a single end-to-end logistics partner with global reach. The Company’s operations are conducted through its two reportable operating segments: Asset‑Based, which consists of ABF Freight System, Inc. and certain other subsidiaries (“ABF Freight”) and Asset-Light, the Company’s logistics operations. References to the Company in this Quarterly Report on Form 10-Q are primarily to the Company and its subsidiaries on a consolidated basis.
​
The Asset-Based segment represented approximately 64% of the Company’s total revenues before other revenues and intercompany eliminations for the six months ended June 30, 2026. As of June 2026, approximately 81% of the Asset-Based segment’s employees were covered under the ABF National Master Freight Agreement (the “2023 ABF NMFA”), a collective bargaining agreement with the International Brotherhood of Teamsters (the “IBT”), which will remain in effect through June 30, 2028. 
​
Restructuring Plan
In July 2026, the Company announced a simplified brand structure and a series of organizational changes. Effective August 1, 2026, the MoLo® and Panther® brands within the Asset-Light segment and certain other subsidiaries will operate under the ArcBest® brand. The series of organizational changes included the discontinuation of Vaux Freight Movement System, as the Company focuses Vaux operations on the Vaux Smart Autonomy product offering. These actions include a reduction of approximately 2% of total positions through workforce reductions and the elimination of certain open positions, as well as the proposed closure of ten ABF Freight service centers, which are located in smaller markets and represent approximately 1% of the Company's network doors. The consolidations constitute a change of operations under the 2023 ABF NMFA and are subject to approval by the joint union-management Change of Operations Committee pursuant to the terms of the 2023 ABF NMFA. 
​
Restructuring charges, consisting primarily of severance and related employee costs associated with workforce reductions, are expected to total between $6.0 million and $7.0 million, including $2.2 million recorded during the second quarter of 2026. The Company also recorded $50.8 million of asset impairment charges related to the discontinuance of Vaux Freight Movement System and $25.7 million in asset impairment charges to write off the remaining carrying value of the indefinite-lived Panther trade name. See Notes B and C for additional information regarding these impairment charges. The impact of these actions on operating expenses is further discussed in Note I. The Company expects substantially all restructuring activities associated with these actions to be completed, and substantially all related cash expenditures to be paid, during 2026.
​
Financial Statement Presentation
​
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) pertaining to interim financial information. Accordingly, these interim financial statements do not include all information or footnote disclosures required by accounting principles generally accepted in the United States for complete financial statements and, therefore, should be read in conjunction with the audited financial statements and accompanying notes included in the Company’s 2025 Annual Report on Form 10-K and other current filings with the SEC. In the opinion of management, all adjustments (which are of a normal and recurring nature) considered necessary for a fair presentation have been included.
​
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual amounts may differ from those estimates.
​

8

Table of Contents

Accounting Pronouncements Not Yet Adopted
​
Accounting Standards Codification (“ASC”) Topic 220, Disaggregation of Income Statement Expenses, was amended in November 2024 through the issuance of Accounting Standards Update (“ASU”) No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (“ASU 2024-03”), which requires additional disclosure of specified information about certain costs and expenses. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, while early adoption is permitted. The Company is currently assessing the amendment’s impact on the Company’s disclosures.
​
ASC Topic 350, Intangibles - Goodwill and Other, was amended in September 2025 through the issuance of ASU No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”), which eliminates accounting consideration of software project development stages and clarifies the threshold applied to begin capitalizing costs. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, while early adoption is permitted. The Company is currently assessing the amendment's impact on the Company's internal-use software capitalization policies, projects, and disclosures.
​
ASC Topic 270, Interim Reporting, was amended in December 2025 through the issuance of ASU No. 2025-11, Interim Reporting – Narrow-Scope (“ASU 2025-11”), which clarifies interim disclosure requirements. ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, while early adoption is permitted. The ASU does not change the fundamental nature of interim reporting or expand or reduce existing interim disclosure requirements. 
​
NOTE B – FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
​
Financial Instruments
​
The following table presents the components of cash and cash equivalents and short-term investments:
​
​

​

​

​

​

​

​

​

​
  ​ ​ ​
June 30
​
December 31
 

​
​
2026
​
2025
 

​
​
(in thousands)
​

Cash and cash equivalents
​
​
​
​
​
​
​

Cash deposits(1)
​
$
 62,232
​
$
 72,280
​

Money market funds(2)
​
 
 83,619
​
 
 29,750
​

Total cash and cash equivalents
​
$
 145,851
​
$
 102,030
​

​
​
​
​
​
​
​
​

Short-term investments
​
​
​
​
​
​
​

Certificates of deposit(3)
​
$
 22,580
​
$
 22,204
​

​

(1)Recorded at cost plus accrued interest, which approximates fair value.
(2)Recorded at fair value as determined by quoted market prices (see amounts presented in the table of financial assets and liabilities measured at fair value within this Note).
(3)Recorded at cost plus accrued interest, which approximates fair value due to its short-term nature and is categorized in Level 2 of the fair value hierarchy.
​
The Company’s long-term financial instruments are presented in the table of financial assets and liabilities measured at fair value within this Note.
​
Concentrations of Credit Risk of Financial Instruments
The Company is subject to concentrations of credit risk related to its cash, cash equivalents, and short-term investments. The Company reduces credit risk by maintaining its cash deposits and short-term investments in accounts and certificates of deposit that are primarily FDIC‑insured. However, certain cash deposits and certificates of deposit may exceed federally insured limits. At June 30, 2026 and December 31, 2025, cash deposits and short-term investments totaling $39.1 million and $31.1 million, respectively, were not FDIC‑insured. The Company also holds money market funds, which are invested in U.S. government securities and repurchase agreements collateralized solely by U.S. government securities. 
​

9

Table of Contents

Fair Value Disclosure of Financial Instruments
Fair value disclosures are made in accordance with the following hierarchy of valuation techniques based on whether the inputs of market data and market assumptions used to measure fair value are observable or unobservable:
​
●Level 1 — Quoted prices for identical assets and liabilities in active markets.
●Level 2 — Quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
●Level 3 — Unobservable inputs (based on the Company’s market assumptions) that are significant to the valuation model. 
​
Fair value and carrying value disclosures of financial instruments are presented in the following table:
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
​
June 30
​
December 31
​

​
  ​ ​ ​
2026
  ​ ​ ​
2025
 

​
​
(in thousands)
​

​
​
​
Carrying
  ​ ​ ​
​
Fair
  ​ ​ ​
​
Carrying
  ​ ​ ​
​
Fair
​

​
​
​
Value
 
​
Value
 
​
Value
 
​
Value
​

Notes payable(1)
​
$
 215,549
​
$
 216,321
​
$
 223,856
​
$
 225,797
​

New England Pension Fund withdrawal liability(2)
​
​
 17,511
​
​
 15,796
​
​
 17,906
​
​
 16,258
​

​
​
$
 233,060
​
$
 232,117
​
$
 241,762
​
$
 242,055
​

​

(1)Fair value of the notes payable was determined using a present value income approach based on quoted interest rates from lending institutions with which the Company would enter into similar transactions (Level 2 of the fair value hierarchy).
(2)See Note C to the consolidated financial statements in the Company’s 2025 Annual Report on Form 10-K for additional information regarding ABF Freight’s multiemployer pension plan obligation with the New England Teamsters and Trucking Industry Pension Fund. The fair values of the outstanding withdrawal liability at June 30, 2026 and December 31, 2025 were determined using the 20‑year U.S. Treasury rate plus a spread (Level 2 of the fair value hierarchy).
​

10

Table of Contents

Assets and Liabilities Measured at Fair Value on a Recurring Basis
​
The following table presents assets and liabilities that are measured at fair value on a recurring basis:
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
​
June 30, 2026
​

​
​
​
​
​
Fair Value Measurements Using
​

​
​
​
​
​
Quoted Prices
  ​ ​ ​
Significant
  ​ ​ ​
Significant
​

​
  ​ ​ ​
​
​
​
In Active
​
Observable
​
Unobservable
​

​
​
​
​
​
Markets
​
Inputs
​
Inputs
​

​
​
Total
  ​ ​ ​
(Level 1)
  ​ ​ ​
(Level 2)
  ​ ​ ​
(Level 3)
 

​
​
(in thousands)
​

Assets:
​
​
​
​
​
​
​
​
​
​
​
​
​

Money market funds(1)
​
$
 83,619
​
$
 83,619
​
$
 —
​
$
 —
​

Equity, bond, and money market mutual funds held in trust related to the Voluntary Savings Plan(2)
​
 
 4,647
​
 
 4,647
​
 
 —
​
 
 —
​

​
​
$
 88,266
​
$
 88,266
​
$
 —
​
$
 —
​

​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
​
December 31, 2025
​

​
​
​
​
​
Fair Value Measurements Using
​

​
​
​
​
​
Quoted Prices
  ​ ​ ​
Significant
  ​ ​ ​
Significant
​

​
  ​ ​ ​
​
​
​
In Active
​
Observable
​
Unobservable
​

​
​
​
​
​
Markets
​
Inputs
​
Inputs
​

​
​
Total
  ​ ​ ​
(Level 1)
  ​ ​ ​
(Level 2)
  ​ ​ ​
(Level 3)
 

​
​
(in thousands)
​

Assets:
​
​
​
​
​
​
​
​
​
​
​
​
​

Money market funds(1)
​
$
 29,750
​
$
 29,750
​
$
 —
​
$
 —
​

Equity, bond, and money market mutual funds held in trust related to the Voluntary Savings Plan(2)
​
 
 5,166
​
 
 5,166
​
 
 —
​
 
 —
​

​
​
$
 34,916
​
$
 34,916
​
$
 —
​
$
 —
​

​

(1)Included in cash and cash equivalents.
(2)Nonqualified deferred compensation plan investments consist of U.S. and international equity mutual funds, government and corporate bond mutual funds, and money market funds which are held in a trust with a third-party brokerage firm. Included in other long-term assets, with a corresponding liability reported within other long-term liabilities.

11

Table of Contents

Assets Measured at Fair Value on a Nonrecurring Basis
​
The Company remeasures certain assets on a nonrecurring basis upon events or changes in circumstances that indicate the carrying amount may not be recoverable. The following table summarizes asset impairment charges recognized during the second quarter of 2026 on current assets, long-lived assets and intangible assets measured on a nonrecurring basis. The fair value measurements associated with these impairments were classified within Level 3 of the fair value hierarchy because significant unobservable inputs were used in determining fair value.
​
​

​

​

​

​

​

​

​

​

​

​
​
​
​
  ​ ​ ​
​
Impairment
  ​ ​ ​
​
​

​
​
​
Carrying Value
 
​
Charges
​
​
Fair Value

​
​
(in thousands)

Other current assets(1)
​
$
 3,284
​
$
 (3,284)
​
$
 —

Service, office and other equipment(1)
​
​
 48,402
​
​
 (45,722)
​
​
 2,680

Software(1)
​
​
 666
​
​
 (666)
​
​
 —

Operating right-of-use assets(2)
​
​
 14,371
​
​
 (8,363)
​
​
 6,008

Intangible assets – indefinite-lived(3)
​
​
 25,660
​
​
 (25,660)
​
​
 —

Intangible assets – finite-lived(1)
​
​
 1,091
​
​
 (1,091)
​
​
 —

Leasehold improvements(2)
​
​
 824
​
​
 (480)
​
​
 344

​
​
$
 94,298
​
$
 (85,266)
​
$
 9,032

(1)Represents an impairment charge totaling $50.8 million to write off certain equipment and other assets associated with the Vaux Freight Movement System, as discussed in Note A.
(2)Represents impairment charges of $8.8 million associated with the probable sublease of a portion of leased office space. The fair value of these assets was estimated at June 30, 2026, using a discounted cash flow method utilizing a 9.0% discount rate and certain unobservable inputs, including estimated cash flows based on projected sublease income and the anticipated future sublease term, as determined using third-party real estate broker quotes. These fair value measurements were classified within Level 3 of the fair value hierarchy due to the use of significant unobservable inputs. See Note E for additional discussion related to this impairment.
(3)Represents the $25.7 million in impairment charges related to the write-off of the indefinite-lived Panther trade name carrying value following the Company’s brand consolidation decision, as discussed further in Note C.
​
​
NOTE C – GOODWILL AND INTANGIBLE ASSETS
​
Goodwill represents the excess of cost over the fair value of net identifiable tangible and intangible assets acquired. The goodwill balance of $304.8 million at both June 30, 2026 and December 31, 2025 relates to the Asset-Light segment. 
​
The Company’s simplified brand structure, as described in Note A, included the discontinuation of the Panther® and MoLo® brands. The Company determined that the discontinuation of the Panther brand was an indicator of impairment and performed an interim impairment test on the indefinite-lived Panther trade name. As future cash flows attributable to the Panther trade name are expected to be minimal, the Company determined that the fair value of the trade name was zero and recorded a non-cash impairment charge of $25.7 million to write off the remaining carrying value of the Panther trade name. The impairment charge represented the remaining carrying value of the Panther trade name as of December 31, 2025 after a previous $6.6 million impairment charge recorded during the fourth quarter of 2025.
​

12

Table of Contents

Finite-lived intangible assets consisted of the following:
​
​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​
​
​
​
June 30, 2026
​
December 31, 2025
 

​
​
Weighted-Average
​
​
​
​
Accumulated
​
Impairment
​
Net
​
​
​
​
Accumulated
​
Net
​

​
  ​ ​ ​
Amortization Period
  ​ ​ ​
Cost
  ​ ​ ​
Amortization
  ​ ​ ​
Charge
  ​ ​ ​
Value
  ​ ​ ​
​
Cost
  ​ ​ ​
Amortization
  ​ ​ ​
Value
 

​
​
(in years)
​
(in thousands)
​
(in thousands)
 

Finite-lived intangible assets
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​

Customer relationships
 
 12
​
$
 99,579
​
$
 72,289
​
$
 —
​
$
 27,290
​
$
 99,579
​
$
 68,206
​
$
 31,373
​

Other(1)
​
 10
​
​
 19,413
​
​
 7,896
​
​
 1,091
​
​
 10,426
​
​
 30,655
​
​
 18,297
​
​
 12,358
​

Total intangible assets
 
 12
​
$
 118,992
​
$
 80,185
​
$
 1,091
​
$
 37,716
​
$
 130,234
​
$
 86,503
​
$
 43,731
​

(1)Represents non-cash asset impairment charges of $1.1 million, included as asset impairment charges within “Other and eliminations,” to write off patents utilized in the Vaux Freight Movement System (see Note A). Also includes the write-off of the MoLo trade name, which was fully amortized as of December 31, 2025.
​
​
​
​
NOTE D – INCOME TAXES
​
The Company’s effective tax benefit rate was 34.0% and 33.3% for the three and six months ended June 30, 2026, respectively, while the effective tax rate was 28.2% and 27.9% for the same prior-year periods. The difference between the Company’s effective benefit tax rate and the federal statutory rate for these periods resulted from various factors, including the tax expense (benefit) from the vesting of restricted stock units; s