ArcBest® (NASDAQ:ARCB) announced its financial results for the first quarter ended March 31, 2026, on Tuesday, reporting total revenue of $998.8 million.
This represents a 3.3% increase compared to the $967.1 million recorded in the same period last year, driven by steady demand in its core Asset-Based and Asset-Light segments.
Despite the revenue growth, the company reported a GAAP net loss of $1 million, or $0.05 per diluted share, a decline from the net income of $3.1 million ($0.13 per share) reported in Q1 2025.
On a non-GAAP basis—adjusting for non-recurring transformation costs and items related to the company’s strategic initiatives—net income was $7.2 million, or $0.32 per diluted share, compared to $11.9 million ($0.51 per share) in the prior year.
The quarterly results reflect the ongoing complexities of the North American freight market.
While ArcBest successfully captured more volume, higher operational expenses and the costs associated with integrating new logistics technologies weighed on margins.
The Asset-Based segment saw a slight impact from lower tonnage per day, though this was partially offset by a disciplined pricing environment.
Meanwhile, ArcBest maintained a healthy balance sheet through the quarter, continuing its commitment to capital returns and strategic growth.