ARCBEST CORP /TX/
For the period ended Apr 25, 2025. Filed Mar 14, 2025.
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Apr 25, 2025 · Filed Mar 14, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No.** **)
Filed by the Registrant [✓]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
| [ ] | Preliminary Proxy Statement |
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| [ ] | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| [✓] | Definitive Proxy Statement |
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| [ ] | Definitive Additional Materials |
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| [ ] | Soliciting Material under §240.14a-12 |
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ArcBest Corporation
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| [✓] | No fee required. |
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| [ ] | Fee paid previously with preliminary materials. |
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| [ ] | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. |
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Our Company
ArcBest® is a multibillion-dollar integrated logistics company that leverages our technology and full suite of shipping and logistics solutions to meetour customers’ supply chain needs and help keep the global supply chain moving.
Using our technology, expertise and scale, we connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chain solutions — serving our customers as a single logistics resource.
We started in 1923 as a local Arkansas freight hauler. Today, we are a publicly traded logistics powerhouse with global reach and 14,000 employees across 250 campuses and service centers. This transformation is the result of organic growth, strategic acquisitions, visionary leadership and skilled, resilient people who are driven to find a way to get the job done.
ArcBest is a trusted advisor to some of the world’s largest and most recognizable brands. Our Vision is to be the leading logistics partner and innovator, working with customers to build better supply chains across the globe. We put ourselves in our customers' shoes, get to know their business, and constantly look for opportunities to optimize. The solutions and strategies we recommend align with their goals. And when the unexpected happens, we’re there to help them quickly pivot to overcome disruptions and keep their supply chain moving.
Our long history of innovation enriches these deep customer relationships. With innovation as a pillar of our strategy, we’re committed to helping our customers navigate their logistics challenges now, and in the future, and we encourage our employees to think creatively and challenge the status quo.
Our people are at the heart of our success, and we are deeply focused on a culture that is grounded in the company’s core values of Creativity, Integrity, Collaboration, Growth, Excellence and Wellness. We support employees by providing a workplace where all people can grow and make a lasting impact.
Welcome to ArcBest.
References in this Proxy Statement to “ArcBest,” the “Company,” “we,” “us,” and “our” include ArcBest Corporation together with its subsidiaries.
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| Our Values | Creativity | Integrity | Collaboration | | ||
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| We create solutions | We do the right thing | We work together | | |||
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| Growth | Excellence | Wellness | | |||
| We grow our people and our business | We exceed expectations | We embrace total health | | |||
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Letter to our Stockholders from ArcBest Chairman & Chief Executive Officer
| Judy R. McReynoldsArcBest Chairman &Chief Executive OfficerMarch 14, 2025“Our teams remain focused on serving customers with excellence. In turn, our customers recognize they can rely on the premium services ArcBest delivers.”$4.2BTOTAL REVENUE FROM CONTINUING OPERATIONS $7.28EARNINGS PER DILUTED SHAREFROM CONTINUING OPERATIONSIN 2024 | Dear ArcBest Stockholders,In a year of market challenges and uncertainty, ArcBest’s long-term strategy — powered by our people, technology and integrated solutions — once again proved to be a significant strength. In 2024, despite headwinds, we maintained our leadership position in supply chain logistics, achieved customer growth, and introduced award-winning innovations that position ArcBest for continued growth and success. Our teams remain focused on serving customers with excellence. In turn, our customers recognize they can rely on the premium services ArcBest delivers. We are proud to share that ABF Freight® was once again recognized by Mastio for exceeding the industry benchmark standard, and MoLo® was named a Top 3PL by Food Logistics. We are committed to delivering outstanding service to help our customers achieve their goals and will continue investing in solutions to support current and future customers. Innovation is key to our strategy, and we’re developing solutions focused on meeting customers’ needs, enhancing employee efficiency and ensuring ArcBest is future-ready. This past year, we made significant advancements with improved shipment visibility and ETA calculation accuracy. We initiated the beta testing of ArcBest View™, our new digital platform, and we continued to responsibly and ethically leverage advanced technologies to improve efficiencies and enhance our operations and service. We also introduced Vaux Smart Autonomy™, our groundbreaking autonomous material handling technology.One of our top priorities is investing in our team members. We continued to oversee robust talent development programs to ensure we retain and prepare our employees for the demands of the future. We stay connected with employees and benefit from their insights and suggestions through our annual engagement survey, which in 2024 had 81% participation from our non-contractual workforce, with 80% favorability overall. The Board values stockholder feedback. In 2024, members of the ArcBest Board and management team engaged with investors representing 37% of shares outstanding to discuss our strategy, corporate governance, executive compensation and sustainability progress. In February 2025, the Board amended the Company’s bylaws to adopt a proxy access bylaw, providing stockholders a meaningful way to nominate candidates for election to the Board. The Board also amended ArcBest’s Code of Conduct to expand our commitment to maintaining and promoting fundamental human rights and our ethics policies, underscoring the seriousness with which the Board takes its oversight responsibilities. As we look ahead, we remain steadfast in our mission to connect and positively impact the world through solving logistics challenges and advancing our strategic pillars of growth, efficiency and innovation. On behalf of the Board of Directors and our 14,000 team members, thank you for your continued trust and support in ArcBest as we work to deliver long-term stockholder value. We respectfully ask for your support in voting for the proposals listed in the enclosed proxy statement. Sincerely, |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.