ArcBest Announces Quarterly Dividend of $0.12 per Share
ArcBest Announces Quarterly Dividend of $0.12 per Share
The Board of Directors of ArcBest (NASDAQ: ARCB) is pleased to announce a quarterly cash dividend of twelve cents ($0.12) per share. This dividend is set to benefit shareholders who hold record of their Common Stock. The payment is scheduled, marking a continuation of ArcBest's commitment to returning value to its investors.
About ArcBest
ArcBest (NASDAQ: ARCB) stands as a leading force in the logistics landscape, orchestrating the complexities of supply chain management. With a foundation established in 1923, the company boasts a robust workforce of approximately 14,000 dedicated employees across more than 250 campuses. This vast network positions ArcBest as a premier logistics provider, adept at addressing logistical needs through diverse services.
Innovative Solution for Supply Chain
At the heart of ArcBest's operations lies a commitment to innovation. The company leverages advanced technology to streamline logistics processes, ensuring effective communication and efficiency. Notably, their groundbreaking technology, Vaux™, has been recognized as one of the TIME Best Inventions of 2023, signifying its impact on the industry.
Operational Excellence and Employee Dedication
ArcBest prides itself on its exceptional operational capabilities. By blending expertise with technology, the company connects shippers to tailor-made solutions, whether it be through ground, air, or ocean transportation. The emphasis on fully managed supply chains enhances their ability to serve a wider array of customer needs, promoting operational excellence in every aspect of business.
Building Long-term Customer Relationships
Long-standing customer relationships form the backbone of ArcBest's strategy. The integration of innovative solutions within the logistics framework allows the company to respond effectively to shifting market demands. This focus not only enhances service but also builds trust with clients, fostering long-term partnerships that thrive.
Commitment to Sustainable Practices
With a strong focus on sustainability, ArcBest integrates eco-friendly practices into its logistics operations. The commitment to reducing environmental footprints while maintaining efficiency is crucial in today's evolving transport and logistics industry. As companies worldwide pivot towards more sustainable solutions, ArcBest remains at the forefront, paving the way for greener logistics.
Final Thoughts
The announcement of a $0.12 quarterly dividend reflects ArcBest's robust financial health and dedication to shareholder interests. As the company continues to grow and innovate within the logistics sector, its commitment to excellence, sustainability, and customer satisfaction will undoubtedly lead to further advancements and success.
Frequently Asked Questions
What is the amount of the declared dividend by ArcBest?
ArcBest has declared a quarterly cash dividend of $0.12 per share.
When is the dividend payable?
The dividend is scheduled to be paid on February 25, 2025.
What services does ArcBest provide?
ArcBest offers a variety of logistics services, including ground, air, ocean transportation, and fully managed supply chains.
What is Vaux™?
Vaux™ is an innovative technology developed by ArcBest, recognized as one of TIME's Best Inventions of 2023.
How does ArcBest ensure sustainability in its operations?
ArcBest commits to sustainable practices by incorporating eco-friendly methods into its logistics operations to reduce environmental impact.
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