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StockNews.com
StockNews.com
Business
Aanchal Sugandh

Is ArcBest Corporation (ARCB) a Hidden Gem in the Logistics Sector?

ARCB US Bank

The U.S. trucking market continues to face significant challenges, as highlighted by the US Bank Freight Payment Index for the fiscal 2024 first quarter. The report revealed a sustained decline in shipment volumes and freight spending, underscoring the sector's difficulties.

Shipment volumes decreased 7.8% from the previous quarter and 21.6% year-over-year. Similarly, freight spending fell 16.8% from the fourth quarter of 2023 and 27.9% from the first quarter of 2023.

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