ArcBest Shares Surge on Tonnage Growth, Profit Margin Concerns Persist

ArcBests stock surged by four percent after announcing a one percent increase in November revenue, driven by a three percent rise in tonnage. However, profit margins are still expected to shrink in the fourth quarter due to market slowdown, leading to lowered price targets by analysts. Despite initial excitement, shares settled at a four percent gain, with the stock still down twenty-six point five percent year-to-date.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.