Returned $76 million to shareholders through the share repurchase and dividend payment program.
Continued strong results will allow ABF Freight to pay a profit-sharing bonus to qualified union-represented employees for the fourth consecutive year.
CEO’s comment: “Our record-breaking fourth quarter and full-year 2022 results are directly related to our relentless pursuit of excellence. Despite the challenges in 2022 as a result of ongoing macro trends, the CEO team ArcBest remained focused on serving our customers and advancing our strategic initiatives.We see tremendous opportunity ahead as we celebrate our 100th anniversary in 2023, an impressive milestone that would not be possible without our dedicated people, who are at the heart of our success. Moving forward, we are confident that our continued investments in ArcBest people, our unmatched network of integrated logistics solutions, and our innovative mindset will drive continued growth, increased efficiency, and value creation for generations to come.”
