ArcBest Corporation: Restructuring targets $40 mil savings (Simplifying ops, closing 10 LTL facilities)

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ArcBest Corporation: Restructuring targets $40 mil savings (Simplifying ops, closing 10 LTL facilities)

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ArcBest Corporation

Restructuring targets $40 mil savings

(Simplifying ops, closing 10 LTL facilities)

Reiterate Rating: NEUTRAL | PO: 173.00 USD | Price: 157.61 USD

$40 mil savings supportive (not incremental) to ’28 target 17 July 2026

Yesterday, ArcBest Corp (ARCB) launched a restructuring initiative to simplify its brand Equity

architecture, streamline operations, and improve profitability. ARCB expects the

restructuring to generate $40 million of annualized run-rate cash savings (~$1.40/sh),

Key Changeswhich support, but are not incremental to, its previously communicated 2028 Investor

Day targets for Adj EPS of $12.00-$15.00 in 2028 (we are $10.75, from $9.65). The (US$) Previous Current

plan includes reducing its workforce by 2%, consolidating MoLo Solutions, Panther Price Obj. 160.00 173.00

Premium Logistics, and ArcBest Technologies under the ArcBest brand, consolidating 10 2027E EPS 7.70 8.25

ABF Freight service centers (1% of Less-than-Truckload network doors), and 2028E EPS 9.65 10.75

discontinuing the Vaux Freight Movement System in favor of focusing Vaux operations

on its Smart Autonomy platform. ARCB plans to consolidate ABF Freight terminals in Ken Hoexter

Research Analyst

smaller markets (moving to ~230 service centers vs FDFX ‘s 355, XPO’s 300, ODFL’s BofAS

261, and SAIA’s 216), shifting freight into nearby facilities while maintaining a door +1ken.hoexter@bofa.com646 855 1498

count approximately 8% above 2021 levels. The terminal consolidations require Adam Roszkowski, CFA

approval from the Teamsters-NMFA Change of Operations Committee. Research Analyst

BofAS