アークベストの適時開示・決算・その他

June 30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2026 (July 29, 2026)

ARCBEST CORPORATION

(Exact name of registrant as specified in its charter)


Texas	0-19969	71-0673405
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
8401 McClure Drive Fort Smith, Arkansas (Address of principal executive offices)		72916 (Zip Code)

Registrant’s telephone number, including area code: (479) 785-6000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock $0.01 Par Value	ARCB	Nasdaq

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

ITEM 2.02 – RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 29, 2026, ArcBest^® (Nasdaq: ARCB) (the “Company”) issued a press release announcing its unaudited second quarter 2026 results. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. Additional supplemental information and presentation slides to be used in connection with the scheduled conference call to discuss the second quarter results are furnished as Exhibit 99.2 and Exhibit 99.3 to this Current Report on Form 8-K and incorporated herein by reference.

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP financial measures and ratios utilized internally to assess core performance offer analysts, investors, and others insights into performance trends by excluding items from operating results that management believes do not reflect ArcBest’s core operating performance.

The press release in Exhibit 99.1, the supplemental information in Exhibit 99.2, and the presentation slides in Exhibit 99.3 include certain non-GAAP information. Certain information discussed in the scheduled conference call could also be considered non-GAAP measures. Reconciliations of non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are included in Exhibit 99.1 herein, including reconciliations of GAAP earnings and earnings per share to non-GAAP financial measures, reconciliations of GAAP to non-GAAP effective tax rates, and calculations of adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). Reconciliations of non-GAAP measures included in the presentation slides to the most directly comparable GAAP financial measures are also included within Exhibit 99.3 herein.

Management believes EBITDA and Adjusted EBITDA to be relevant and useful information as EBITDA is a standard measure commonly reported and widely used by analysts, investors and others to measure financial performance and ability to service debt obligations. Additionally, Adjusted EBITDA is used for business planning and as a key performance measure, particularly because it excludes certain significant expenses resulting from strategic decisions or other factors rather than core daily operations. ArcBest’s calculation of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies as other companies may calculate EBITDA and Adjusted EBITDA differently. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for or a better measurement than operating income (loss) or net income (loss), as determined under GAAP, which are the most directly comparable GAAP measures for the periods presented.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS


Exhibit No.		Description of Exhibit

99.1		Press release of ArcBest dated July 29, 2026
99.2		Supplemental information dated July 29, 2026
99.3		Earnings conference call presentation dated July 29, 2026
104		Cover Page Interactive Data File – The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



		ARCBEST CORPORATION

		(Registrant)

Date:	July 29, 2026	/s/ J. Brent Hagy
		J. Brent Hagy
		Chief Legal Officer and Corporate Secretary

EX-99.1 2 arcb-20260729xex99d1.htm EX-99.1

Exhibit 99.1


Investor Relations Contact: Amy Mendenhall	Media Contact: Autumnn Mahar
Phone: 479-785-6200	Phone: 479-494-8221
Email: invrel@arcb.com	Email: amahar@arcb.com

ArcBest Announces Second Quarter 2026 Results

●	Grew Asset-Based revenue and improved Asset-Based profitability, with sequential margin expansion ahead of typical seasonality

●	Grew Asset-Light revenue and volumes while maintaining cost discipline and improving productivity

●	Advanced strategic priorities with the successful launch of ArcBest View™ and continued execution on operating efficiency initiatives

FORT SMITH, Arkansas, July 29, 2026 — ArcBest^® (Nasdaq: ARCB), a leader in supply chain logistics, announced financial results for the second quarter ended June 30, 2026.

Second quarter 2026 revenue totaled $1.2 billion, compared to $1.0 billion in the prior-year period. Net loss was $13.8 million, or $0.62 per diluted share, versus net income of $25.8 million, or $1.12 per diluted share, in the second quarter of 2025.

On a non-GAAP basis, net income was $53.6 million, or $2.38 per diluted share, compared to $31.2 million, or $1.36 per diluted share, in the prior year. Non-GAAP results exclude the impairment and restructuring charges associated with the restructuring plan announced on July 16, 2026, as well as other items described in the attached non-GAAP reconciliation tables.

“Our second-quarter performance reflects disciplined execution, a more constructive operating environment and the value customers are gaining from our integrated logistics solutions,” said Seth Runser, ArcBest President and CEO. “We grew revenue and improved operating performance while continuing to invest in capabilities that make complex supply chains easier to manage. The launch of ArcBest View™ marks an important step in that journey, and our continued progress on pricing, cost management, efficiency and productivity initiatives positions us to deliver sustainable, profitable growth.”

Results of Operations Comparisons

Asset-Based

Second Quarter 2026 Versus Second Quarter 2025

●

Revenue of $783.7 million compared to $713.3 million, a per-day increase of 9.9 percent

●

Tonnage per day increase of 4.9 percent

●

Shipments per day decrease of 2.8 percent

●

Billed revenue per shipment increase of 12.5 percent

●

Billed revenue per hundredweight increase of 4.2 percent

●

Weight per shipment increase of 8.0 percent

●

Operating income of $74.3 million and an operating ratio of 90.5 percent, compared to $51.0 million and 92.8 percent

●

On a non-GAAP basis, operating income of $72.3 million and an operating ratio of 90.8 percent, compared to $51.0 million and 92.8 percent

Tonnage growth was driven by higher weight per shipment, reflecting a continued shift in freight profile, partially offset by fewer shipments per day. Revenue per shipment benefited from the heavier freight profile and a higher revenue per hundredweight, largely reflecting higher fuel surcharge revenue. Excluding fuel surcharge, revenue per hundredweight was flat.

Customer contract renewals and deferred pricing agreements averaged a 5.8 percent increase during the second quarter, and LTL industry pricing remains rational.

Operating expenses increased due to annual union wage adjustments, increased fuel prices and purchased transportation costs, and higher equipment depreciation.

On a sequential basis, second quarter daily revenue was up 17.8 percent compared to the first quarter. Tonnage per day increased 9.8 percent, driven by a 6.5 percent increase in weight per shipment and a 3.1 percent increase in daily shipments. Billed revenue per shipment increased 13.5 percent due to the heavier freight profile and a 6.5 percent increase in revenue per hundredweight, driven by higher fuel surcharge revenue and improved pricing. Excluding fuel surcharge, revenue per hundredweight improved by low single digits. The non-GAAP operating ratio decreased by 650 basis points, outperforming typical seasonality, due to higher fuel surcharge revenue, disciplined execution on pricing initiatives, and continued progress on cost optimization, network efficiency, and technology-driven productivity initiatives.

Asset-Light

Second Quarter 2026 Versus Second Quarter 2025

●

Revenue of $438.7 million compared to $341.9 million, a per-day increase of 28.3 percent

●

Shipments per day increase of 14.6 percent

●

Revenue per shipment increase of 12.0 percent

●

Purchased transportation expense was 86.5 percent of revenue compared to 84.4 percent

●

Operating loss of $31.3 million compared to operating income of $0.6 million

●

On a non-GAAP basis, operating income of $6.3 million compared to $1.1 million

●

Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”), as defined in the attached non-GAAP reconciliation tables, of $7.0 million compared to $2.5 million

Revenue increased primarily due to higher shipment volumes, led by Managed. Revenue per shipment also increased, reflecting higher fuel prices and a tightening capacity environment. Revenue growth, combined with disciplined cost management and productivity improvements, drove improved non-GAAP operating income compared to the prior year.

Compared sequentially to the first quarter, second quarter daily revenue increased 14.3 percent, reflecting a 14.4 percent increase in revenue per shipment and flat shipments per day. Revenue growth, cost management and productivity improvements resulted in improved non-GAAP operating income compared to the previous quarter.

Conference Call

ArcBest will host a conference call with company executives to discuss its quarterly results today, Wednesday, July 29, 2026, at 9:30 a.m. ET (8:30 a.m. CT). Interested parties may listen by dialing (800) 715-9871 and entering conference ID 6423434, or by accessing the webcast on ArcBest’s website at arcb.com. Presentation slides to accompany the call are included in Exhibit 99.3 of the Form 8-K filed on July 29, 2026, will be available for download on the company’s website prior to the start of the call, and will be included in the webcast. A replay of the call will be available through August 12, 2026, by dialing (800) 770-2030 and entering conference ID 6423434. The webcast replay will also be accessible on ArcBest’s website.

About ArcBest

ArcBest^® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of innovation that is enriched by deep customer relationships. With a commitment to helping customers navigate supply chain challenges now and in the future, the company continues to invest in purpose-built technology such as ArcBest View™, its digital logistics platform that brings quoting, booking, shipment visibility and reporting into one connected experience. For more information, visit arcb.com.

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. Terms such as “anticipate,” “believe,” “could,” “designed,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “likely,” “may,” “plan,” “predict,” “project,” “scheduled,” “seek,” “should,” “would,” and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management’s beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct and caution the reader not to place undue reliance on our forward-looking statements. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: data breaches, cybersecurity incidents, and/or interruptions or failures of our information systems that we depend on, including software programs and applications provided by third parties; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with, new or enhanced technology or processes; the loss or reduction of business from multiple large customers or an overall reduction in our customer base; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of future acquisitions and the inability to realize the anticipated benefits of the acquisition; unsolicited takeover proposals, proxy contests, and other proposals or actions by activist investors; maintaining our corporate reputation and intellectual property rights; failure to achieve market acceptance or generate adequate returns through our Vaux^® technologies; establishing and maintaining adequate internal controls over financial reporting; disruptions in domestic or global manufacturing activity, supply chains, and related changes in spending, resulting in material reductions in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of equipment, including new revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates, and the inability to collect fuel surcharges; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight’s collective bargaining agreement; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner-operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; the effects, costs and potential liabilities related to changes in and compliance with, or violation of, existing or future governmental laws and regulations, including, but not limited to, environmental laws and regulations, such as emissions-control regulations and fuel efficiency regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims, insurance premium costs, and loss of our ability to self-insure; potential impairment of long-lived assets and goodwill and intangible assets; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, the occurrence of natural disasters, public health crises, geopolitical conflicts, acts of terrorism or war, cybersecurity incidents, or trade restrictions; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers’ access to adequate financial resources; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation’s public filings with the Securities and Exchange Commission (“SEC”).

For additional information regarding known material factors that could cause our actual results to differ from those expressed in these forward-looking statements, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.

Financial Data and Operating Statistics

The following tables show financial data and operating statistics on ArcBest^® and its reportable segments.

ARCBEST CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS


	Three Months Ended				Six Months Ended
	June 30				June 30
	2026		2025		2026		2025

	(Unaudited)
	($ thousands, except share and per share data)
REVENUES	$	1,184,533	$	1,022,256	$	2,183,319	$	1,989,333

OPERATING EXPENSES		1,205,156		984,947		2,200,512		1,945,394

OPERATING INCOME (LOSS)		(20,623)		37,309		(17,193)		43,939

OTHER INCOME (COSTS)
Interest and dividend income		906		1,037		1,582		2,187
Interest and other related financing costs		(3,391)		(2,956)		(7,679)		(5,711)
Other, net		2,152		578		1,000		(273)
		(333)		(1,341)		(5,097)		(3,797)

INCOME (LOSS) BEFORE INCOME TAXES		(20,956)		35,968		(22,290)		40,142

INCOME TAX PROVISION (BENEFIT)		(7,132)		10,159		(7,429)		11,202

NET INCOME (LOSS)	$	(13,824)	$	25,809	$	(14,861)	$	28,940

EARNINGS PER COMMON SHARE
Basic	$	(0.62)	$	1.12	$	(0.67)	$	1.25
Diluted	$	(0.62)	$	1.12	$	(0.67)	$	1.25

AVERAGE COMMON SHARES OUTSTANDING
Basic		22,348,772		22,944,228		22,344,449		23,070,812
Diluted		22,348,772		23,008,707		22,344,449		23,146,609

ARCBEST CORPORATION

CONSOLIDATED BALANCE SHEETS


	June 30		December 31
	2026		2025
	(Unaudited)		Note
	($ thousands, except share data)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	145,851	$	102,030
Short-term investments		22,580		22,204
Accounts receivable, less allowances (2026 - $8,884; 2025 - $7,763)		453,782		370,969
Other accounts receivable, less allowances (2026 - $713; 2025 - $656)		9,206		26,295
Prepaid expenses		38,748		49,399
Prepaid and refundable income taxes		27,483		45,405
Other		8,836		9,761
TOTAL CURRENT ASSETS		706,486		626,063

PROPERTY, PLANT AND EQUIPMENT
Land and structures		574,861		566,071
Revenue equipment		1,212,564		1,201,386
Service, office, and other equipment		312,336		363,340
Software		191,444		190,673
Leasehold improvements		43,349		41,531
		2,334,554		2,363,001
Less allowances for depreciation and amortization		1,242,195		1,219,564
PROPERTY, PLANT AND EQUIPMENT, net		1,092,359		1,143,437

GOODWILL		304,753		304,753
INTANGIBLE ASSETS, net		37,716		69,391
OPERATING RIGHT-OF-USE ASSETS		215,292		220,157
DEFERRED INCOME TAXES		16,770		9,303
OTHER LONG-TERM ASSETS		78,909		79,558
TOTAL ASSETS	$	2,452,285	$	2,452,662

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	198,228	$	154,487
Income taxes payable		8,811		—
Accrued expenses		391,794		378,125
Current portion of long-term debt		94,484		87,882
Current portion of operating lease liabilities		36,263		36,394
TOTAL CURRENT LIABILITIES		729,580		656,888

LONG-TERM DEBT, less current portion		121,065		135,974
OPERATING LEASE LIABILITIES, less current portion		207,947		204,333
POSTRETIREMENT LIABILITIES, less current portion		13,700		13,696
DEFERRED INCOME TAXES		80,898		111,580
OTHER LONG-TERM LIABILITIES		31,502		34,470

STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value, authorized 70,000,000 shares; issued 2026: 30,579,951 shares; 2025: 30,489,886 shares		306		305
Additional paid-in capital		338,861		338,083
Retained earnings		1,464,152		1,484,378
Treasury stock, at cost, 2026: 8,232,856 shares; 2025: 8,140,368 shares		(534,777)		(526,606)
Accumulated other comprehensive loss		(949)		(439)
TOTAL STOCKHOLDERS’ EQUITY		1,267,593		1,295,721
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	2,452,285	$	2,452,662

Note: The balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

ARCBEST CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS


	Six Months Ended
	June 30
	2026		2025

	(Unaudited)
	($ thousands)
OPERATING ACTIVITIES
Net income (loss)	$	(14,861)	$	28,940
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		83,929		74,490
Amortization of intangibles		5,056		6,400
Share-based compensation expense		4,720		6,162
Provision for losses on accounts receivable		2,257		1,402
Change in deferred income taxes		(37,989)		(187)
(Gain) loss on sale of property and equipment		(1,784)		42
Asset impairment charges		85,266		—
Change in fair value of contingent consideration		—		(2,650)
Changes in operating assets and liabilities:
Receivables		(68,517)		3,866
Prepaid expenses		10,651		9,744
Other assets		(2,315)		(1,396)
Income taxes		26,652		9,130
Operating right-of-use assets and lease liabilities, net		(15)		(11,421)
Accounts payable, accrued expenses, and other liabilities		45,229		(39,486)
NET CASH PROVIDED BY OPERATING ACTIVITIES		138,279		85,036

INVESTING ACTIVITIES
Purchases of property, plant and equipment, net of financings		(22,388)		(42,007)
Proceeds from sale of property and equipment		6,095		6,142
Proceeds from sale of short-term investments		—		5,236
Capitalization of internally developed software		(7,275)		(6,268)
Other investing activities		—		1,075
NET CASH USED IN INVESTING ACTIVITIES		(23,568)		(35,822)

FINANCING ACTIVITIES
Borrowings under credit facilities		—		25,000
Payments on long-term debt		(52,679)		(35,526)
Net change in book overdrafts		(717)		(2,021)
Deferred financing costs		(17)		(19)
Payment of common stock dividends		(5,365)		(5,543)
Purchases of treasury stock		(8,171)		(41,737)
Payments for tax withheld on share-based compensation		(3,941)		(1,938)
NET CASH USED IN FINANCING ACTIVITIES		(70,890)		(61,784)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		43,821		(12,570)
Cash and cash equivalents at beginning of period		102,030		127,444
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	145,851	$	114,874

NONCASH INVESTING ACTIVITIES
Equipment financed	$	44,372	$	62,791
Accruals for equipment received	$	10,186	$	14,586
Lease liabilities arising from obtaining right-of-use assets	$	22,228	$	41,978

ARCBEST CORPORATION

FINANCIAL STATEMENT OPERATING SEGMENT DATA AND OPERATING RATIOS


	Three Months Ended								Six Months Ended
	June 30								June 30
	2026				2025				2026				2025

	(Unaudited)
	($ thousands, except percentages)
REVENUES
Asset-Based	$	783,671			$	713,312			$	1,438,678			$	1,359,606
Asset-Light		438,705				341,922				816,451				697,934
Other and eliminations		(37,843)				(32,978)				(71,810)				(68,207)
Total consolidated revenues	$	1,184,533			$	1,022,256			$	2,183,319			$	1,989,333

OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	374,101	47.7	%	$	365,929	51.3	%	$	729,240	50.7	%	$	710,070	52.2	%
Fuel, supplies, and expenses		97,832	12.4			79,834	11.2			179,417	12.4			157,476	11.6
Operating taxes and licenses		14,136	1.8			13,845	1.9			28,604	2.0			26,957	2.0
Insurance		16,505	2.1			17,653	2.5			32,574	2.3			35,616	2.6
Communications and utilities		5,270	0.7			5,150	0.7			11,029	0.8			10,960	0.8
Depreciation and amortization		36,632	4.7			31,664	4.4			72,843	5.0			62,254	4.6
Rents and purchased transportation		90,112	11.5			76,198	10.7			158,772	11.0			143,359	10.6
Shared services		74,352	9.5			69,868	9.8			133,516	9.3			132,311	9.7
Restructuring charges⁽¹⁾		953	0.1			—	—			953	0.1			—	—
Gain on sale of property and equipment⁽²⁾		(2,496)	(0.3)			(159)	—			(2,352)	(0.2)			(136)	—
Other		2,022	0.3			2,301	0.3			2,353	0.2			3,293	0.2
Total Asset-Based		709,419	90.5	%		662,283	92.8	%		1,346,949	93.6	%		1,282,160	94.3	%

Asset-Light
Purchased transportation	$	379,313	86.5	%	$	288,580	84.4	%	$	704,984	86.3	%	$	593,194	85.0	%
Salaries, wages, and benefits		29,095	6.6			25,629	7.5			51,840	6.4			51,178	7.3
Supplies and expenses		1,670	0.4			1,739	0.5			3,119	0.4			3,478	0.5
Depreciation and amortization⁽³⁾		3,881	0.9			4,605	1.4			7,891	1.0			9,223	1.3
Shared services		13,925	3.1			18,594	5.4			32,694	4.0			36,575	5.3
Asset impairment charges⁽⁴⁾		34,503	7.9			—	—			34,503	4.2			—	—
Restructuring charges⁽¹⁾		712	0.2			—	—			712	0.1			—	—
Contingent consideration⁽⁵⁾		—	—			(2,650)	(0.8)			—	—			(2,650)	(0.4)
Other		6,954	1.5			4,834	1.4			11,825	1.4			10,725	1.5
Total Asset-Light		470,053	107.1	%		341,331	99.8	%		847,568	103.8	%		701,723	100.5	%

Other and eliminations⁽⁶⁾		25,684				(18,667)				5,995				(38,489)
Total consolidated operating expenses	$	1,205,156	101.7	%	$	984,947	96.4	%	$	2,200,512	100.8	%	$	1,945,394	97.8	%

OPERATING INCOME (LOSS)
Asset-Based	$	74,252			$	51,029			$	91,729			$	77,446
Asset-Light		(31,348)				591				(31,117)				(3,789)
Other and eliminations⁽⁶⁾		(63,527)				(14,311)				(77,805)				(29,718)
Total consolidated operating income (loss)	$	(20,623)			$	37,309			$	(17,193)			$	43,939

1)	Restructuring charges relate to realignment of the Company’s organizational structure as previously announced.

2)	The 2026 periods include a net gain of $2.9 million on the sale of a service center during second quarter 2026.

3)	Includes amortization of intangibles associated with acquired businesses.

4)	Represents noncash asset impairment charges of $25.7 million to write off the Panther trade name in connection with a strategic brand consolidation decision within Asset-Light’s operations and an $8.8 million lease-related impairment charge associated with office space.

Represents the change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. The Company reduced the contingent consideration for the MoLo acquisition to zero in second quarter 2025, reflecting the probability of no earnout payment based on projections of adjusted earnings before interest, taxes, depreciation, and amortization for 2025.

Includes $0.5 million in restructuring charges and $50.8 million in asset impairment charges related to the write-off of certain freight movement system assets associated with Vaux for the 2026 periods. “Other” also includes corporate costs for certain unallocated shared service costs which are not attributable to any segment, additional investments to offer comprehensive transportation and logistics services across multiple operating segments, costs related to our customer pilot offering of Vaux, and other investments in ArcBest technology and innovations.

ARCBEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES

Non-GAAP Financial Measures

We report our financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP financial measures and ratios utilized internally to assess core performance offer analysts, investors, and others insights into performance trends by excluding items from operating results that management believes do not reflect our core operating performance. Our calculations may not be comparable to similarly titled measures of other companies as other companies may calculate non-GAAP measures differently. Certain information discussed in the scheduled conference call could be considered non-GAAP measures. Non-GAAP financial measures should be viewed in addition to, and not as an alternative or a better measurement than operating income (loss), net income (loss) or earnings per share, as determined under GAAP, which are the most directly comparable measures for the periods presented.


	Three Months Ended					Six Months Ended
	June 30					June 30
	2026		2025			2026		2025

ArcBest Corporation — Consolidated	(Unaudited)
	($ thousands, except per share data)
Operating Income (Loss)
Amounts on GAAP basis	$	(20,623)	$	37,309		$	(17,193)	$	43,939
Innovative technology costs, pre-tax⁽¹⁾		7,528		7,123			14,977		14,636
Purchase accounting amortization, pre-tax⁽²⁾		2,457		3,192			5,043		6,384
Asset impairment charges, pre-tax⁽³⁾		85,266		—			85,266		—
Restructuring charges, pre-tax⁽⁴⁾		2,173		—			2,173		—
Gain on sale of property, pre-tax⁽⁵⁾		(2,910)		—			(2,910)		—
Change in fair value of contingent consideration, pre-tax⁽⁶⁾		—		(2,650)			—		(2,650)
Non-GAAP amounts	$	73,891	$	44,974		$	87,356	$	62,309

Net Income (Loss)
Amounts on GAAP basis	$	(13,824)	$	25,809		$	(14,861)	$	28,940
Innovative technology costs, after-tax (includes related financing costs)⁽¹⁾		5,709		5,428			11,358		11,152
Purchase accounting amortization, after-tax⁽²⁾		1,853		2,398			3,804		4,796
Asset impairment charges, after-tax⁽³⁾		64,209		—			64,209		—
Restructuring charges, after-tax⁽⁴⁾		1,634		—			1,634		—
Gain on sale of property, after-tax⁽⁵⁾		(2,184)		—			(2,184)		—
Change in fair value of contingent consideration, after-tax⁽⁶⁾		—		(1,991)			—		(1,991)
Changes in cash surrender value and gains on life insurance policies		(2,500)		(1,428)			(1,823)		(741)
Tax expense (benefit) from vested RSUs		(1,320)		995			(1,409)		992
Non-GAAP amounts	$	53,577	$	31,211		$	60,728	$	43,148

Diluted Earnings Per Share⁽⁷⁾
Amounts on GAAP basis	$	(0.62)	$	1.12		$	(0.67)	$	1.25
Innovative technology costs, after-tax (includes related financing costs)⁽¹⁾		0.25		0.24			0.51		0.48
Purchase accounting amortization, after-tax⁽²⁾		0.08		0.10			0.17		0.21
Asset impairment charges, after-tax⁽³⁾		2.86		—			2.86		—
Restructuring charges, after-tax⁽⁴⁾		0.07		—			0.07		—
Gain on sale of property, after-tax⁽⁵⁾		(0.10)		—			(0.10)		—
Change in fair value of contingent consideration, after-tax⁽⁶⁾		—		(0.09)			—		(0.09)
Changes in cash surrender value and gains on life insurance policies		(0.11)		(0.06)			(0.08)		(0.03)
Tax expense (benefit) from vested RSUs		(0.06)		0.04			(0.06)		0.04
Non-GAAP amounts⁽⁸⁾	$	2.38	$	1.36		$	2.70	$	1.86

See “Notes to Non-GAAP Financial Tables” for footnotes to this ArcBest Corporation – Consolidated non-GAAP table.

ARCBEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES - Continued


	Three Months Ended								Six Months Ended
	June 30								June 30
	2026				2025				2026				2025

Segment Operating Income (Loss) Reconciliations	(Unaudited) ($ thousands, except percentages)

Asset-Based Segment
Operating Income ($) and Operating Ratio (% of revenues)
Amounts on GAAP basis	$	74,252	90.5	%	$	51,029	92.8	%	$	91,729	93.6	%	$	77,446	94.3	%
Restructuring charges, pre-tax⁽⁴⁾		953	(0.1)			—	—			953	(0.1)			—	—
Gain on sale of property, pre-tax⁽⁵⁾		(2,910)	0.4			—	—			(2,910)	0.2			—	—
Non-GAAP amounts⁽⁸⁾		72,295	90.8	%	$	51,029	92.8	%		89,772	93.8	%	$	77,446	94.3	%

Asset-Light Segment
Operating Income (Loss) ($) and Operating Ratio (% of revenues)
Amounts on GAAP basis	$	(31,348)	107.1	%	$	591	99.8	%	$	(31,117)	103.8	%	$	(3,789)	100.5	%
Purchase accounting amortization, pre-tax⁽²⁾		2,457	(0.6)			3,192	(0.9)			5,043	(0.6)			6,384	(0.9)
Asset impairment charges, pre-tax⁽³⁾		34,503	(7.9)			—	—			34,503	(4.2)			—	—
Restructuring charges, pre-tax⁽⁴⁾		712	(0.2)			—	—			712	(0.1)			—	—
Change in fair value of contingent consideration, pre-tax⁽⁶⁾		—	—			(2,650)	0.8			—	—			(2,650)	0.4
Non-GAAP amounts⁽⁸⁾	$	6,324	98.6	%	$	1,133	99.7	%	$	9,141	98.9	%	$	(55)	100.0	%

Other and Eliminations
Operating Loss ($)
Amounts on GAAP basis	$	(63,527)			$	(14,311)			$	(77,805)			$	(29,718)
Innovative technology costs, pre-tax⁽¹⁾		7,528				7,123				14,977				14,636
Asset impairment charges, pre-tax⁽³⁾		50,763				—				50,763				—
Restructuring charges, pre-tax⁽⁴⁾		508				—				508				—
Non-GAAP amounts	$	(4,728)			$	(7,188)			$	(11,557)			$	(15,082)

Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this Segment Operating Income (Loss) Reconciliations non-GAAP table.

ARCBEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued

Effective Tax Rate Reconciliation

ArcBest Corporation - Consolidated

(Unaudited)

($ thousands, except percentages)

Three Months Ended June 30, 2026

Operating

Other

Income (Loss)

Income

Net

Income

Before Income

Tax Provision

Income

(Loss)

(Costs)

Taxes

(Benefit)

(Loss)

Tax Rate⁽⁹⁾

Amounts on GAAP basis

(20,623)

(333)

(20,956)

(7,132)

(13,824)

(34.0)

Innovative technology costs⁽¹⁾

7,528

7,591

1,882

5,709

24.8

Purchase accounting amortization⁽²⁾

2,457

—

2,457

604

1,853

24.6

Asset impairment charges⁽³⁾

85,266

—

85,266

21,057

64,209

24.7

Restructuring charges⁽⁴⁾

2,173

—

2,173

539

1,634

24.8

Gain on sale of property⁽⁵⁾

(2,910)

—

(2,910)

(726)

(2,184)

(24.9)

Changes in cash surrender value and gains on life insurance policies

—

(2,500)

—

(2,500)

—

Tax benefit from vested RSUs

—

1,320

(1,320)

—

Non-GAAP amounts

73,891

(2,770)

71,121

17,544

53,577

24.7

Six Months Ended June 30, 2026

Operating

Other

Income (Loss)

Income

Net

Income

Before Income

Tax Provision

Income

(Loss)

(Costs)

Taxes

(Benefit)

(Loss)

Tax Rate⁽⁹⁾

Amounts on GAAP basis

(17,193)

(5,097)

(22,290)

(7,429)

(14,861)

(33.3)

Innovative technology costs⁽¹⁾

14,977

125

15,102

3,744

11,358

24.8

Purchase accounting amortization⁽²⁾

5,043

—

5,043

1,239

3,804

24.6

Asset impairment charges⁽³⁾

85,266

—

85,266

21,057

64,209

24.7

Restructuring charges⁽⁴⁾

2,173

—

2,173

539

1,634

24.8

Gain on sale of property⁽⁵⁾

(2,910)

—

(2,910)

(726)

(2,184)

(24.9)

Changes in cash surrender value and gains on life insurance policies

—

(1,823)

—

(1,823)

—

Tax benefit from vested RSUs

—

1,409

(1,409)

—

Non-GAAP amounts

87,356

(6,795)

80,561

19,833

60,728

24.6


	Three Months Ended June 30, 2025
			Other		Income		Income
	Operating		Income		Before Income		Tax		Net
	Income		(Costs)		Taxes		Provision		Income		Tax Rate⁽⁹⁾
Amounts on GAAP basis	$	37,309	$	(1,341)	$	35,968	$	10,159	$	25,809	28.2	%
Innovative technology costs⁽¹⁾		7,123		94		7,217		1,789		5,428	24.8
Purchase accounting amortization⁽²⁾		3,192		—		3,192		794		2,398	24.9
Change in fair value of contingent consideration⁽⁶⁾		(2,650)		—		(2,650)		(659)		(1,991)	(24.9)
Changes in cash surrender value and gains on life insurance policies		—		(1,428)		(1,428)		—		(1,428)	—
Tax expense from vested RSUs		—		—		—		(995)		995	—
Non-GAAP amounts	$	44,974	$	(2,675)	$	42,299	$	11,088	$	31,211	26.2	%


	Six Months Ended June 30, 2025
			Other		Income		Income
	Operating		Income		Before Income		Tax		Net
	Income		(Costs)		Taxes		Provision		Income		Tax Rate⁽⁹⁾
Amounts on GAAP basis	$	43,939	$	(3,797)	$	40,142	$	11,202	$	28,940	27.9	%
Innovative technology costs⁽¹⁾		14,636		193		14,829		3,677		11,152	24.8
Purchase accounting amortization⁽²⁾		6,384		—		6,384		1,588		4,796	24.9
Change in fair value of contingent consideration⁽⁶⁾		(2,650)		—		(2,650)		(659)		(1,991)	(24.9)
Changes in cash surrender value and gains on life insurance policies		—		(741)		(741)		—		(741)	—
Tax expense from vested RSUs		—		—		—		(992)		992	—
Non-GAAP amounts	$	62,309	$	(4,345)	$	57,964	$	14,816	$	43,148	25.6	%

Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this Effective Tax Rate Reconciliation non-GAAP table.

ARCBEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA)

Adjusted EBITDA is used for business planning and as a key performance measure, particularly because it excludes certain significant expenses resulting from strategic decisions or other factors rather than core daily operations, such as amortization of acquired intangibles and software of the Asset-Light segment, asset impairment charges, and changes in the fair value of contingent consideration. The calculation of Consolidated Adjusted EBITDA as presented below begins with net income (loss), which is the most directly comparable GAAP measure. The calculation of Asset-Light Adjusted EBITDA as presented below begins with operating income (loss), as other income (costs), income tax provision (benefit), and net income (loss) are reported at the consolidated level and not included in the operating segment financial information evaluated by management to make operating decisions.


	Three Months Ended						Six Months Ended
	June 30							June 30
	2026			2025			2026			2025

	(Unaudited)
	($ thousands)
ArcBest Corporation - Consolidated Adjusted EBITDA
Net Income (Loss)	$	(13,824)		$	25,809		$	(14,861)		$	28,940
Interest and other related financing costs		3,391			2,956			7,679			5,711
Income tax provision (benefit)		(7,132)			10,159			(7,429)			11,202
Depreciation and amortization⁽¹⁰⁾		44,681			40,926			88,985			80,890
Amortization of share-based compensation		2,602			3,779			4,720			6,162
Asset impairment charges⁽³⁾		85,266			—			85,266			—
Change in fair value of contingent consideration⁽⁶⁾		—			(2,650)			—			(2,650)
Consolidated Adjusted EBITDA	$	114,984		$	80,979		$	164,360		$	130,255

Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this ArcBest Corporation – Consolidated Adjusted EBITDA non-GAAP table.


	Three Months Ended				Six Months Ended
	June 30				June 30
	2026		2025		2026		2025

	(Unaudited)
	($ thousands)
Asset-Light Adjusted EBITDA
Operating Income (Loss)	$	(31,348)	$	591	$	(31,117)	$	(3,789)
Depreciation and amortization⁽¹⁰⁾		3,881		4,605		7,891		9,223
Asset impairment charges⁽³⁾		34,503		—		34,503		—
Change in fair value of contingent consideration⁽⁶⁾		—		(2,650)		—		(2,650)
Asset-Light Adjusted EBITDA	$	7,036	$	2,546	$	11,277	$	2,784

Note: See “Notes to Non-GAAP Financial Tables” for footnotes to this Asset-Light Adjusted EBITDA non-GAAP table.

ARCBEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES – Continued

Notes to Non-GAAP Financial Tables

The following footnotes apply to the non-GAAP financial tables presented in this press release.

1)	Represents costs related to our customer pilot offering of Vaux and initiatives to optimize our performance through technological innovation.

2)	Represents the amortization of acquired intangible assets in the Asset-Light segment.

Represents $50.8 million in asset impairment charges related to the write-off of certain freight movement system assets associated with Vaux. Also represents $25.7 million in noncash asset impairment charges to write off the Panther trade name as part of a strategic brand consolidation decision within Asset-Light’s operations and $8.8 million in lease-related impairment charges for certain Asset-Light office space.

4)	Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced.

5)	Represents the gain on a service center sale within the Asset-Based operations.

6)	Represents change in fair value of the contingent earnout consideration recorded for the MoLo acquisition, as previously described in the footnotes to the Financial Statement Operating Segment Data and Operating Ratios table.

For the three and six months ended June 30, 2026, ArcBest reported a net loss on a GAAP basis and reported net income on a non-GAAP basis. The average common shares outstanding used to calculate non-GAAP diluted earnings per share for the 2026 periods were adjusted to include unvested restricted stock awards, which were excluded from the calculation of GAAP diluted earnings per share due to the net loss.


	Three Months Ended		Six Months Ended
	June 30, 2026		June 30, 2026
Average Common Shares Outstanding
Diluted shares on GAAP basis		22,348,772		22,344,449
Effect of unvested restricted stock awards		134,670		143,673
Non-GAAP diluted shares		22,483,442		22,488,122

8)	Non-GAAP amounts are calculated in total and may not equal the sum of GAAP amounts and non-GAAP adjustments due to rounding.

Tax rate for total “Amounts on GAAP basis” represents the effective tax rate. The tax effects of non-GAAP adjustments are calculated based on the statutory rate applicable to each item based on tax jurisdiction unless the nature of the item requires the tax effect to be estimated by applying a specific tax treatment.

10)	Includes amortization of intangibles associated with acquired businesses.

ARCBEST CORPORATION

OPERATING STATISTICS


		Three Months Ended								Six Months Ended
		June 30								June 30
		2026			2025			% Change		2026			2025			% Change

		(Unaudited)
Asset-Based

Workdays			63.5			63.5					126.0			126.5

Tonnage / Day			12,240			11,666		4.9%			11,697			11,068		5.7%

Shipments / Day			20,456			21,051		(2.8%)			20,151			20,274		(0.6%)

Billed Revenue⁽¹⁾ / Shipment		$	605.24		$	537.94		12.5%		$	570.18		$	534.37		6.7%

Billed Revenue⁽¹⁾ / CWT		$	50.58		$	48.54		4.2%		$	49.11		$	48.94		0.3%

Weight / Shipment			1,197			1,108		8.0%			1,161			1,092		6.3%

Shipments / DSY hour			0.438			0.451		(3.0%)			0.439			0.449		(2.3%)

Average Length of Haul (Miles)			1,135			1,131		0.4%			1,130			1,128		0.2%

1)	Revenue for undelivered freight is deferred for financial statement purposes in accordance with the Asset-Based segment revenue recognition policy. Billed revenue has not been adjusted for the portion of revenue deferred for financial statement purposes.


		Year Over Year % Change
		Three Months Ended	Six Months Ended
		June 30, 2026	June 30, 2026

		(Unaudited)
Asset-Light

Shipments / Day		14.6%	12.1%

Revenue / Shipment		12.0%	4.7%

Shipments / Employee / Day		35.3%	30.6%

###

EX-99.2 3 arcb-20260729xex99d2.htm EX-99.2

Exhibit 99.2

ArcBest^® is providing this exhibit as supplemental information to its scheduled conference call and the press release announcing the Company’s unaudited second quarter 2026 results furnished as Exhibit 99.1 to the Company’s Current Report on Form 8-K. Certain statements and information in this exhibit may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Refer to the “Forward-Looking Statements” disclosure at the end of this exhibit.

Non-GAAP Financial Measures

ArcBest reports its financial results in accordance with generally accepted accounting principles (“GAAP”); however, this exhibit includes certain non-GAAP information. Refer to the discussion of non-GAAP information included in Item 2.02 of the Current Report on Form 8-K to which this exhibit is included for further information, including reference to reconciliations of GAAP to non-GAAP financial measures provided by the Company.

Summary Operating and Financial Impacts

●

Statistics for July 2026 are preliminary but are not expected to differ materially from actual results.

●

July 2026 and July 2025 each include 22.0 workdays.

●

The third quarters of 2026 and 2025 each include 64.0 workdays.

Asset-Based Operating Segment

Average price increase on contract renewals negotiated during the second quarter of 2026: +5.8%


Year-over-Year Business Trends	April 2026		May 2026		June 2026		July 2026

Billed Revenue⁽¹⁾ / Day	+10.9	%	+9.2	%	+7.9	%	+7	%
Tonnage / Day	+6.1	%	+4.6	%	+4.1	%	+8	%
Shipments / Day	-0.6	%	-3.9	%	-3.9	%	-3	%
Billed Revenue⁽¹⁾ / Shipment	+11.6	%	+13.7	%	+12.3	%	+10	%
Billed Revenue⁽¹⁾ / CWT	+4.6	%	+4.4	%	+3.6	%	-1	%
Weight / Shipment	+6.7	%	+8.8	%	+8.4	%	+11	%

1)	Revenue associated with undelivered freight is deferred for financial reporting purposes in accordance with the Asset-Based segment’s revenue recognition policy. Billed revenue has not been adjusted to exclude amounts deferred under that policy.

In July, Asset-Based daily tonnage increased 8% year-over-year, driven by an 11% increase in weight per shipment and partially offset by a 3% decrease in shipments per day. The higher weight per shipment continues to reflect changes in freight profile.

Billed revenue per shipment increased 10% year-over-year, primarily reflecting the heavier freight profile, partially offset by a 1% decrease in billed revenue per hundredweight. Excluding fuel surcharge, revenue per hundredweight declined in the low single digits, primarily due to changes in freight profile.

Compared with June, shipments per day in July were relatively unchanged, while weight per shipment and tonnage per day each declined by 1%. Billed revenue per shipment declined approximately 4%, primarily reflecting a 3% decrease in billed revenue per hundredweight, driven by lower fuel surcharge revenue.

From 2016 through 2025, ABF’s non-GAAP operating ratio generally remained consistent from the second quarter to the third quarter. This trend excludes 2020, which was significantly affected by the COVID-19 pandemic, and 2023, which was significantly affected by the bankruptcy of a major LTL competitor. This analysis is based on non-GAAP operating ratio and excludes the items identified in the Company's historical non-GAAP reconciliations included in previously furnished earnings releases.

Based on current trends, the Company expects ABF’s non-GAAP operating ratio for the third quarter of 2026 to be generally consistent with its non-GAAP operating ratio for the second quarter of 2026. This outlook reflects the anticipated impact of lower fuel surcharge revenue, partially offset by expected cost savings from the Company’s recently announced restructuring actions. The Company does not currently expect a significant difference between GAAP and non-GAAP operating ratios for the third quarter of 2026.

Asset-Light Operating Segment


Business Trends	April 2026		May 2026		June 2026		July 2026

Revenue / Day (Year-over-Year)	+24.4	%	+31.6	%	+29.1	%	+28	%
Shipments / Day (Year-over-Year)	+15.8	%	+14.4	%	+13.7	%	+7	%
Revenue / Shipment (Year-over-Year)	+7.4	%	+15.0	%	+13.6	%	+19	%
Purchased Transportation Expense as a % of Revenue	86.2	%	86.6	%	86.5	%	86	%

In July, Asset-Light daily revenue increased approximately 28% year over year, driven by a 19% increase in revenue per shipment and a 7% increase in shipments per day. Higher revenue per shipment reflects a stronger pricing environment, including the effects of higher fuel surcharge revenue and tightening truckload market capacity. Shipment growth was led by the Managed Solutions business.

Compared with June, Asset-Light daily revenue declined approximately 2%, driven by a 2% decrease in revenue per shipment, while shipments per day were relatively unchanged.

For the third quarter 2026, the Company expects Asset-Light GAAP operating income of $4 million to $6 million. Excluding approximately $2 million of purchase accounting amortization, the Company expects Asset-Light non-GAAP operating income of $6 million to $8 million. This outlook reflects continued yield discipline, ongoing productivity improvements across the business, and anticipated cost savings from the Company’s recently announced restructuring actions.

Additional Detailed Information

Projected 2026 Consolidated Capital Expenditures

●

Capital Expenditures, net of sales proceeds and including financed equipment: $140 million to $160 million

o

Includes net revenue equipment purchases (primarily for Asset-Based) of $75 million to
$80 million, of which approximately $75 million will be financed through promissory note arrangements

o

Includes net real estate expenditures of $25 million to $35 million

o

The remaining amount of capital expenditures includes items related to technology and miscellaneous dock equipment upgrades and enhancements.

●

Depreciation and amortization costs on property, plant and equipment: approximately $175 million

●

Intangible asset amortization, primarily reflecting purchase accounting amortization related to the MoLo acquisition: $9 million

Share Repurchase Program

Based on repurchases settled through July 24, 2026, $96.5 million remained available for future repurchases of the Company’s common stock under the current share repurchase authorization.

Tax Rate

ArcBest’s second quarter 2026 effective GAAP tax rate for continuing operations was a benefit of 34.0%. The “Effective Tax Rate Reconciliation” table of ArcBest’s second quarter 2026 earnings press release in Exhibit 99.1 provides the reconciliation of GAAP to non-GAAP effective tax rates. The effective non-GAAP tax rate for second quarter 2026 was 24.7%. Under the current tax laws, we expect our third quarter and full year 2026 non-GAAP tax rate to be in a range of 25.5% to 26.5%. The effective tax rate may be impacted by discrete items that could occur throughout the year.

Asset-Based Annual Union Profit-Sharing Bonus

As provided in ABF Freight’s current Teamster labor contract, for the full years of 2024 through 2027, ABF Freight’s Teamster employees are eligible for an annual profit-sharing bonus, as shown in the following table. The operating ratio (“OR”) used to calculate the bonus amount is on a GAAP basis. The potential bonus would be based on full-year union employee earnings. While impacted by business and associated labor levels, which are subject to change, the estimate of one percent of the annual earnings for the ABF Freight union employees who are eligible for this benefit approximates $6.5 million - $7.0 million of union bonus expense.

During years in which ArcBest’s internal forecasts indicate an expectation of paying the union bonus, we will accrue for this expense throughout the year, generally in proportion to the quarterly results as a percentage of the annual projection. As we do not provide public updates on our projected operating ratio or our expectations for paying the union bonus, any details of amounts accrued will not be provided. If financial models reflect an operating ratio that meets the payout thresholds shown below, ArcBest encourages analysts to include expenses for the union bonus in quarterly and annual earnings per share projections for the company.


ABF Freight Published Annual OR (GAAP basis)	Bonus Amount
91.1 to 93.0	1%
89.1 to 91.0	2%
87.1 to 89.0	3%
87.0 or below	4%

“Other and eliminations” within Operating Income (Loss) on the Operating Segment Data and Operating Ratios statement

●

Includes innovative technology costs related to our human-centered remote and automated operations, which are typically disclosed as a non-GAAP reconciling item.

●

Includes charges related to the restructuring plan announced on July 16, 2026, which are disclosed as a non-GAAP reconciling item.

●

It also includes certain overhead costs not attributable to other operating segments, including legal, investor relations, and other strategic expenses and investments.

●

Projected amounts for third quarter and full year 2026 and actual amounts for third quarter and full year 2025 are included below.


	Three Months Ended				Year Ended
	September 30				December 31
	2026		2025		2026		2025

	(in millions)
Innovative technology costs, pre-tax	$	7	$	8	$	28	$	29
Restructuring charges, pre-tax		3		—		4		—
Other costs, pre-tax		6		6		24		32
Total other and eliminations	$	16	$	14	$	56	$	61

Other Income (Costs) on the Consolidated Statements of Operations

●

Other income and costs include separate lines for interest income and interest expense.

●

The “Other, net” line primarily includes changes in cash surrender value of life insurance and expenses associated with non-operating properties.

o

The changes in cash surrender value of life insurance are typically disclosed as non-GAAP reconciling items. Changes in cash surrender value of life insurance are dependent upon market returns of underlying investments which cannot be reasonably estimated; therefore, ArcBest does not provide forward-looking guidance for “Other, net” on a GAAP basis.

●

Projected amounts for third quarter and full year 2026 and actual amounts for third quarter and full year 2025 are included below.


	Three Months Ended						Year Ended
	September 30						December 31
	2026			2025			2026			2025

	(in millions)
Interest and dividend income	$	2		$	1		$	5		$	5
Interest and other related financing costs	$	(3)		$	(3)		$	(14)		$	(12)
Other, net, excluding non-GAAP reconciling items	$	(1)		$	(2)		$	(2)		$	(3)

Restructuring Plan Cost Savings

●

On July 16, 2026, the Company announced a restructuring plan designed to realign its operating structure, reduce costs, simplify its go-to-market brand architecture, and better position the Company for long-term growth and profitability.

●

The plan is expected to generate approximately $40 million of annualized run-rate cost savings, as detailed below.

●

Innovative technology costs relate to our human-centered remote and automated operations, which are typically disclosed as a non-GAAP reconciling item.

●

The Company realized approximately $2 million of cost savings during the second quarter of 2026 and expects to realize approximately $6 million during the third quarter of 2026. Quarterly cost savings are expected to reach approximately $10 million by the first quarter of 2027, representing the full annualized run-rate savings.

●

The $40 million of annualized run-rate cost savings are expected to be cash savings. These savings support, but are not incremental to, the Company's previously communicated 2028 Investor Day financial targets.


	Cost Savings, pre-tax
	(in millions)
Asset-Based	$	30
Asset-Light		8
Innovative technology costs		2
Total	$	40

Forward-Looking Statements

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this exhibit may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. Terms such as “anticipate,” “believe,” “could,” “designed,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “likely,” “may,” “plan,” “predict,” “project,” “scheduled,” “seek,” “should,” “would,” and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management’s beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct and caution the reader not to place undue reliance on our forward-looking statements. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: data breaches, cybersecurity incidents, and/or interruptions or failures of our information systems that we depend on, including software programs and applications provided by third parties; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with, new or enhanced technology or processes; the loss or reduction of business from multiple large customers or an overall reduction in our customer base; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of future acquisitions and the inability to realize the anticipated benefits of the acquisition; unsolicited takeover proposals, proxy contests, and other proposals or actions by activist investors; maintaining our corporate reputation and intellectual property rights; failure to achieve market acceptance or generate adequate returns through our Vaux^® technologies; establishing and maintaining adequate internal controls over financial reporting; disruptions in domestic or global manufacturing activity, supply chains, and related changes in spending, resulting in material reductions in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of equipment, including new revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates, and the inability to collect fuel surcharges; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight’s collective bargaining agreement; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner-operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; the effects, costs and potential liabilities related to changes in and compliance with, or violation of, existing or future governmental laws and regulations, including, but not limited to, environmental laws and regulations, such as emissions-control regulations and fuel efficiency regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims, insurance premium costs, and loss of our ability to self-insure; potential impairment of long-lived assets and goodwill and intangible assets; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, the occurrence of natural disasters, public health crises, geopolitical conflicts, acts of terrorism or war, cybersecurity incidents, or trade restrictions; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers’ access to adequate financial resources; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation’s public filings with the Securities and Exchange Commission (“SEC”).

EX-99.3 4 arcb-20260729xex99d3.htm EX-99.3

Exhibit 99.3

2Q26 Earnings Presentation

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. Terms such as “anticipate,” “believe,” “could,” “designed,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “likely,” “may,” “plan,” “predict,” “project,” “scheduled,” “seek,” “should,” “would,” and similar expressions and the negatives of such terms are intended to identify forward-looking statements. These statements are based on management’s beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct and caution the reader not to place undue reliance on our forward-looking statements. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: data breaches, cybersecurity incidents, and/or interruptions or failures of our information systems that we depend on, including software programs and applications provided by third parties; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with, new or enhanced technology or processes; the loss or reduction of business from multiple large customers or an overall reduction in our customer base; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of future acquisitions and the inability to realize the anticipated benefits of the acquisition; unsolicited takeover proposals, proxy contests, and other proposals or actions by activist investors; maintaining our corporate reputation and intellectual property rights; failure to achieve market acceptance or generate adequate returns through our Vaux® technologies; establishing and maintaining adequate internal controls over financial reporting; disruptions in domestic or global manufacturing activity, supply chains, and related changes in spending, resulting in material reductions in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of equipment, including new revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates, and the inability to collect fuel surcharges; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight’s collective bargaining agreement; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner-operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; the effects, costs and potential liabilities related to changes in and compliance with, or violation of, existing or future governmental laws and regulations, including, but not limited to, environmental laws and regulations, such as emissions-control regulations and fuel efficiency regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims, insurance premium costs, and loss of our ability to self-insure; potential impairment of long-lived assets and goodwill and intangible assets; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, the occurrence of natural disasters, public health crises, geopolitical conflicts, acts of terrorism or war, cybersecurity incidents, or trade restrictions; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers’ access to adequate financial resources; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation’s public filings with the Securities and Exchange Commission (“SEC”). For additional information regarding known material factors that could cause our actual results to differ from those expressed in these forward-looking statements, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise. E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 2 F O R W A R D L O O K I N G S T A T E M E N T S

We are a leading integrated logistics company that leverages technology and a full suite of solutions to meet customers’ supply chain needs A T A G L A N C E N A S D A Q : A R C B E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 * Armstrong & Associates, US Department of Commerce, management estimates – July 2025. 3 Customers 14K Employees 1923 Founded Addressable Market* 99% United States Coverage ~250 Campuses and Service Centers 40K+ Owned Equipment Top 20 U.S. Truckload Broker ~$400B 30K+

V I S I O N S T R A T E G Y Creativity Integrity Collaboration Growth Excellence Wellness M I S S I O N To connect and positively impact the world through solving logistics challenges To be the leading logistics partner and innovator, working with customers to build better supply chains across the globe To drive long-term value by delivering a premium experience and growing informed, trusted, innovative relationships V A L U E S We create solutions We do the right thing We work together We grow our people and our business We exceed expectations We embrace total health E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 4 MOTTO: “We’ll find a way”

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 5 ARCBEST IS A STRATEGIC PARTNER TO CUSTOMERS Cost Savings Actionable Supply Chain Insights Operational Efficiencies P A R T N E R I N G W I T H C U S T O M E R S T O P R O V I D E C U S T O M E R S W A N T A N D N E E D Resiliency Flexibility Efficiency ArcBest Seamlessly Connects Customers & Reliability Capacity

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 6 ARCBEST SOLVES CUSTOMER NEEDS THROUGH MULTIPLE SOLUTIONS Less-than- Truckload Truckload Managed Expedite and Other Services Customers use an average of 4services

>3x Revenue & Profit per account is over 3X higher on cross-sold accounts Revenue & Profit 70% About 70% of customers who use Asset-Light services also utilize Asset-Based services 5% Higher Customer Retention Asset-Light + Asset-Based Retention rates are 5 percentage points higher on cross-sold accounts than on single-solution accounts Shared resources provide scale and cost efficiencies Sales Technology Financial Services Human Resources 7 CUSTOMER-LED STRATEGY YIELDS RESULTS E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6

2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 Average Managed Shipments Per Day E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 8 MANAGED SOLUTIONS ArcBest is a 3PL with Assets • Strong network of LTL, truckload & rail capacity providers • ~240 Service Centers • 40K+ pieces of owned equipment Sourcing Customer Benefits • Supply Chain Optimization • Network Design and Pool Distribution • Vendor Consolidations • Technology Enabled Integrations • End-to-End Visibility & Reporting • Supply Chain Efficiency and Reduced Costs Managed feeds ~40% CAGR ‘17-26 LTL, Truckload and Expedite

16%-19% Margin Expansion and Growth Strong EPS Growth 2028 FINANCIAL TARGETS Annual Operating Cash Flow 87%-90% Asset-Based Non-GAAP Operating Ratio(1) $40M-$70M Asset-Light Non-GAAP Operating Income(1) $400M-$500M $12-$15 Non-GAAP Diluted EPS (1)(2) Non-GAAP Return on Capital Employed(1) 1) See non-GAAP reconciliations in the Additional Information section of this presentation E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 2) Assumes consistent outstanding shares 9

Increasing EFFICIENCY Driving INNOVATION Accelerating PROFITABLE GROWTH ✓ Go-to-Market Approach ✓ Maintaining Yield Discipline ✓ Expanding Quote Pool ✓ Enhancing Customer Service and Visibility Tools ✓ Network Capacity ✓ Fleet Optimization ✓ Continuous Improvement Training ✓ Technology & AI Portfolio STRATEGIC PILLARS E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 10

Marketing Sales Solutions Design Yield Commercial Team E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 11 GO-TO-MARKET APPROACH Accelerating Managed Opportunities Growing Core LTL Business Growing Truckload Business & Optimizing Mix Enhancing Expedite Growth ACCELERATING PROFITABLE GROWTH Making it easier for customers to choose and grow with ArcBest

MAINTAINING YIELD DISCIPLINE THROUGH CENTRALIZED PRICING STRATEGY $0 $25 $50 Revenue/CWT $0 $275 $550 Revenue/Shipment Cost Market Value Strongest LTL Pricing Metrics Among Competitors Peers ABF Legend: ~1.7x ~1.6x Peers as of 1Q26 What is the market price? How much will it cost to handle? What additional value are we providing? ABF 2Q26 Peers as of 1Q26 ABF 2Q26 E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 12 ACCELERATING PROFITABLE GROWTH

EXPANDING QUOTE POOL DRIVES PROFITABLE GROWTH Selectively fill capacity to optimize yield and profitability ArcBest View TMS Providers 3PLs NMFC Changes Profitable Growth E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 13 ACCELERATING PROFITABLE GROWTH

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 14 DYNAMIC PRICE IMPROVES AS QUOTES GROW ACCELERATING PROFITABLE GROWTH More quotes, more choices Drives additional incremental profit K 50K 100K 150K 200K 250K 300K 2020 2021 2022 2023 2024 2025 2026 Daily Dynamic Quotes ~75% More Rev/Ship Since 2020

8,820 8,820 8,955 9,254 9,499 9,604 135 299 245 105 23 2021 2022 2023 2024 2025 2026 YTD ~8% Net Door Expansion Since 2021 8,820 8,955 9,254 9,499 9,604 Existing Doors New Doors Strategically Adding Capacity Revenue Growth E N A B L E S : Efficiency Productivity Service I M P R O V E S : E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 15 NETWORK CAPACITY Disciplined investments in our long-term LTL network facility roadmap INCREASING EFFICIENCY 9,627

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 16 FLEET OPTIMIZATION Disciplined investments in our fleet FLEET INVESTMENT • Annual reinvestment cycle • Optimized total cost of ownership • 40,000+ owned and operated pieces of equipment FLEET EFFICIENCY • Maintaining young and modern fleet • Piloting and implementing solutions to improve vehicle efficiency SAFETY • Piloting speed limiter and control technology • Implemented advanced safety features SUSTAINABILITY • Testing electric vehicles • EPA SmartWay partner since 2006 INCREASING EFFICIENCY

Customer value remains central as we balance digital enablement with human support AI supports our strategy and is integrated into current initiatives DRIVING INNOVATION Governance ensures responsible, secure, and rapid deployment We build where our network and process knowledge create advantage, and we partner where it speeds time-to-value We apply multiple AI techniques aligned to each use case We equip employees with secure generative AI tools and training Our AI portfolio is prioritized to create meaningful value across the business 17 ARCBEST AI APPROACH Delivering tangible productivity gains and enabling growth E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 18 TECHNOLOGY AND AI PORTFOLIO Optimize the asset-based network Asset-Based Optimization Provide efficiency & margin improvements Asset-Light Optimization Provide customers with better, quicker information Interaction Optimization Create self-service tools for Customers and Carriers Digital Platforms City Route Optimization* Flex Deliveries Linehaul Optimization* Delivery Image Grading* Trailer Close Model Augmented Appt Scheduling* Network Simulation Tools* Inbound Call Offer Collection* Inbound Email Offer Collection* Spot Price Enhancements* Load Posting Optimization Automated Offer Negotiation* Capacity Sourcing Augmentation Interaction Categorization & Routing* Phone & Email Tracking Automation* Email Quoting Automation* Phone & Email Load Scheduling Automation* Enhanced Pickup ETAs Email Document Request Automation* ArcBest View Carrier Portal Digital Tools Enhanced Tracking Statuses * Includes AI components that enhance efficiency and decision support. DRIVING INNOVATION

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 19 • Quote, book and manage shipments through a single interface • Provides real-time visibility across ArcBest logistics solutions • Delivers integrated reporting on cost and service performance • Aligns workflows with how customers manage daily shipments • Combines self-service convenience with ArcBest expertise Unified platform for shipment execution, visibility and insights “This is the best software we’ve seen. It’s so user friendly.” W H A T W E ’ R E H E A R I N G : – Industrial equipment provider “I have had the easiest time booking and changing arrangements when needed!” – Global defense contractor “Amazing service, very easy to use!” – Healthcare provider

$21M 64% $1.2B E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 20 Key Metrics A R C B E S T C O N S O L I D A T E D 2Q26 vs 2Q25 ArcBest Consolidated Revenue $2.38 Non-GAAP Earnings per Diluted Share(1) $73.9M Non-GAAP Operating Income(1) Asset-Based 16% Asset-Light 75% $5M 1) See non-GAAP reconciliations in the Additional Information section of this presentation

Billed Rev/CWT Billed Revenue per Shipment 4% 3% 42% Shipments per Day Average Increase on Contract Renewals and Deferred Pricing Agreements Tonnage per Day Weight per Shipment 5% 13% 5.8% E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 21 Key Metrics A S S E T - B A S E D 2Q26 vs 2Q25 Non-GAAP Operating Income(1) 10% $72.3M Per Day 90.8% Non-GAAP Operating Ratio(1) 200BPS Improvement Asset-Based Revenue $784M 8% 1) See non-GAAP reconciliations in the Additional Information section of this presentation

Higher Revenue per Shipment Increased weight per shipment Higher revenue per hundredweight 5.8% increase on contract renewals during 2Q Higher Cost per Shipment Increased contracted union labor rates Higher fuel and purchased transportation Higher equipment depreciation 80 82 84 86 88 90 92 94 96 98 100 Non-GAAP Operating Ratio YoY Bridge Improved Rev/Ship outpaced higher Cost/Ship by 200 bps E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 22 OPERATING RATIO BRIDGE K E Y D R I V E R S : Asset-Based 2Q25 to 2Q26 2Q25 Operating Ratio 2Q26 Rev/Ship 2Q26 Cost/Ship 2Q26 Operating Ratio See non-GAAP reconciliations in the Additional Information section of this presentation

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 23 LABOR PLANNING ALIGNS HEADCOUNT AND SHIPMENTS 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Shipments/Day Linehaul and DSY Headcount Linehaul, Dock, Street and Yard Headcount Shipments/Day Technology and Training Drives Productivity Gains

J U L Y P R E L I M I N A R Y 3% E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 24 Key Metrics A S S E T - B A S E D July 2026 vs July 2025 Revenue per Day Tonnage per Day Shipments per Day Billed Rev/CWT Billed Revenue per Shipment Weight per Shipment 10% 11% 8% 1% 7%

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 25 Key Metrics A S S E T - L I G H T 2Q26 vs 2Q25 $439M Asset-Light Revenue Non-GAAP Operating Income(1) Shipments per Day Revenue per Shipment Shipments per Employee per Day Purchased Transportation as % of Revenue: 86% 15% 12% 35% 1) See non-GAAP reconciliations in the Additional Information section of this presentation 28% $6.3M 458% Per Day

J U L Y P R E L I M I N A R Y Revenue per Shipment E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 26 Key Metrics A S S E T - L I G H T July 2026 vs July 2025 19% Revenue per Day Shipments per Day Purchased Transportation as % of Revenue: 86% 7% 28%

94.5% 94.2% 88.8% 86.4% 90.4% 91.2% 94.3% 94.0% 75% 80% 85% 90% 95% 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM FREIGHT RECESSION COVID-19 IMPACTS Union Pension Impact on Operating Ratio E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 27 ASSET-BASED ANNUAL OPERATING RATIO FREIGHT RECESSION See non-GAAP reconciliations in the Additional Information section of this presentation

1,000 1,200 1,400 1,600 1,800 2,000 $300 $350 $400 $450 $500 $550 $600 $650 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM Weight Revenue and Cost Rev/Shp Cost/Shp Wgt/Shp E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 28 ASSET-BASED ANNUAL MARGIN Revenue per shipment Reflects disciplined pricing, changes in freight-profile and fuel Impacted by weight per shipment Cost per shipment Reflects union labor contract and other inflationary increases Mitigated by technology, training and network design that improves productivity and efficiency Weight per shipment Impacted by softness in manufacturing and housing Focused on maximizing profitability per shipment through disciplined pricing and cost control See non-GAAP reconciliations in the Additional Information section of this presentation

-$40 -$20 $0 $20 $40 $60 $80 $100 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM FREIGHT RECESSION COVID-19 IMPACTS FREIGHT RECESSION E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 29 ASSET-LIGHT ANNUAL OPERATING INCOME compared to 2024 (Non-GAAP) $ IMPROVEMENT 28M IN OPERATING RESULTS See non-GAAP reconciliations in the Additional Information section of this presentation

Maintaining solid balance sheet and investment-grade credit metrics E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 30 BALANCED APPROACH TO CAPITAL ALLOCATION Returning cash to shareholders through share repurchases and dividends Prioritizing high-return, organic investments in real estate, equipment, and innovative projects Selectively using mergers & acquisitions to advance strategy Sustain & Drive Growth Return Capital Mergers & Acquisitions $170 $206 $324 $471 $322 $286 $229 $282 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM Operating Cash Flow

2019 - 2021 2022 - 2025 2026 - 2028 Target Normalization following ‘22-‘25 strategic investments Asset-Light strategy requires minimal capital Efficiency gains from tech, training, process improvements Rigorous capital investment evaluation Projected 2026 Net Capital Expenditures: $140M to $160M E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 31 CAPITAL INTENSITY DECREASING K E Y D R I V E R S : Positioned for growth without major new buildouts Capital Expenditures % of Revenue 4% 5% Below 5%

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 32 RETURN OF CAPITAL Increasing Returns to Shareholders Through Dividends and Share Repurchases $125M Share repurchase authorization ~$500M Returned to shareholders since 2019 Generates significant free cash flow, enabling opportunistic share repurchases STRONG OUTLOOK 0 100 200 300 400 500 600 2019 2020 2021 2022 2023 2024 2025 2026 YTD Cumulative Dividends Cumulative Share Repurchases

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 33 SOLID FINANCIAL FOUNDATION ~$700M of Current and Potential Capacity ~$400M Cash and Current Debt Capacity ~$300M Potential Future Debt Capacity(2) 1) See non-GAAP reconciliations in the Additional Information section of this presentation 2) Reflects available amounts under accordion features of the Credit Facility as well as allowable equipment financing borrowings, as of 2Q 2026 -0.5 0 0.5 1 1.5 2 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM Net Debt to EBITDA (Non-GAAP)(1) S&P 500 Net Debt to EBITDA ArcBest Net Debt to EBITDA

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 34 RETURN ON CAPITAL EMPLOYED 0% 5% 10% 15% 20% 25% 30% 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM Return on Capital Employed (Non-GAAP) Disciplined capital allocation and strategic investments that deliver long-term growth DRIVES SUSTAINABLE VALUE See non-GAAP reconciliations in the Additional Information section of this presentation

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 35 Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) Note: We report our financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP financial measures and ratios utilized internally to assess core performance offer analysts, investors, and others insights into performance trends by excluding items from operating results that management believes do not reflect our core operating performance. Our calculations may not be comparable to similarly titled measures of other companies as other companies may calculate non-GAAP measures differently. Certain information discussed in the scheduled conference call could be considered non-GAAP measures. Non-GAAP financial measures should be viewed in addition to, and not as an alternative or a better measurement than operating income (loss), net income (loss) or earnings per share, as determined under GAAP, which are the most directly comparable measures for the periods presented.

All forward-looking financial targets in this presentation assume a consolidated tax rate of 25%. Consolidated non-GAAP earnings per share and non-GAAP return on capital employed are non-GAAP financial measures that are most directly comparable to consolidated earnings per share and return on capital employed. These non-GAAP measures exclude purchase accounting amortization, which is expected to total $7M pre-tax in 2028. We are unable to provide a quantitative reconciliation of these forward-looking non-GAAP measures to the most directly comparable GAAP measures without unreasonable effort because the timing, amount, and nature of the adjustments that would be required to reconcile such measures are inherently uncertain, depend on future events outside of our control, and cannot be reasonably predicted. These items include innovative technology costs, life insurance proceeds, changes in the cash surrender value of life insurance policies, income taxes related to future vesting of restricted stock units, and potential non-recurring or unusual items, any of which could be material. Non-GAAP Asset-Based Operating Ratio is a non-GAAP financial measure that is most directly comparable to Asset-Based Operating Ratio. Non-GAAP Asset-Based OR could be adjusted for non-recurring, infrequent, or unusual items. Because the timing, amount and nature of any adjustments are unknown, and any adjustments could be material in future periods, we are unable to provide quantitative reconciliations to the most directly comparable GAAP measure. Asset-Light non-GAAP operating income range of $40M to $70M excludes GAAP impacts from purchase accounting amortization, which is expected to total $7M in 2028. Including these impacts, the Asset-Light GAAP operating income would range from $33M to $63M in 2028. See reconciliation table to the right. E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 36 Forward-Looking Non-GAAP Financial Measures A D D I T I O N A L I N F O R M A T I O N RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) 2028 Target Asset-Light – Operating Income ($ millions) Amounts on a GAAP basis $ 33 - 63 Purchase accounting amortization, pre-tax (1) 7 Non-GAAP amounts $ 40 - 70 1. Represents the amortization of acquired intangible assets in the Asset-Light segment.

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) 2Q26 2Q25 ArcBest Consolidated – Operating Income (Loss) ($ millions) Amounts on a GAAP basis $ (20.6) $ 37.3 Innovative technology costs, pre-tax (1) 7.5 7.1 Purchase accounting amortization, pre-tax (2) 2.5 3.2 Asset impairment charges, pre-tax (3) 85.3 - Restructuring charges, pre-tax (4) 2.2 - Gain on sale of property, pre-tax (5) (2.9) - Change in fair value of contingent consideration, pre-tax (6) - (2.7) Non-GAAP amounts (7) $ 73.9 $ 45.0 E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 37 ArcBest Consolidated 1. Represents costs related to our customer pilot offering of Vaux and initiatives to optimize our performance through technological innovation. 2. Represents the amortization of acquired intangible assets in the Asset-Light segment. 3. Represents $50.8 million in asset impairment charges related to the write-off of certain freight movement system assets associated with Vaux. Also represents $25.7 million in noncash asset impairment charges to write off the Panther trade name as part of a strategic brand consolidation decision within Asset-Light’s operations and $8.8 million in lease-related impairment charges for certain Asset-Light office space. 4. Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced. 5. Represents the gain on a service center sale within the Asset-Based operations. 6. Represents change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. 7. Non-GAAP amounts are calculated in total and may not equal the sum of the GAAP and the non-GAAP adjustments due to rounding. A D D I T I O N A L I N F O R M A T I O N

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 38 ArcBest Consolidated RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) 2Q26 2Q25 ArcBest Consolidated – Diluted Earnings (Loss) Per Share (1) Amounts on a GAAP basis $ (0.62) $ 1.12 Innovative technology costs, after-tax (includes related financing costs) (2) 0.25 0.24 Purchase accounting amortization, after-tax (3) 0.08 0.10 Asset impairment charges, after-tax (4) 2.86 - Restructuring charges, after-tax (5) 0.07 - Gain on sale of property, after-tax (6) (0.10) - Change in fair value of contingent consideration, after-tax (7) - (0.09) Changes in cash surrender value and gains on life insurance policies (0.11) (0.06) Tax expense (benefit) from vested RSUs (0.06) 0.04 Non-GAAP amounts (8) $ 2.38 $ 1.36 1. For the three months ended June 30, 2026, ArcBest reported a net loss on a GAAP basis and reported net income on a non-GAAP basis. The average common shares outstanding used to calculate non-GAAP diluted earnings per share for the 2026 period was adjusted to include unvested restricted stock awards, which were excluded from the calculation of GAAP diluted earnings per share due to the net loss. 2. Represents costs related to our customer pilot offering of Vaux and initiatives to optimize our performance through technological innovation. 3. Represents the amortization of acquired intangible assets in the Asset-Light segment. 4. Represents $50.8 million in asset impairment charges related to the write-off of certain freight movement system assets associated with Vaux. Also represents $25.7 million in noncash asset impairment charges to write off the Panther trade name as part of a strategic brand consolidation decision within Asset-Light’s operations and $8.8 million in lease-related impairment charges for certain Asset-Light office space. 5. Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced. 6. Represents the gain on a service center sale within the Asset-Based operations. 7. Represents change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. 8. Non-GAAP amounts are calculated in total and may not equal the sum of the GAAP and the non-GAAP adjustments due to rounding. Three Months Ended Average Common Shares Outstanding June 30, 2026 Diluted shares on GAAP basis 22,348,772 Effect of unvested restricted stock awards 134,670 Non-GAAP diluted shares 22,483,442 A D D I T I O N A L I N F O R M A T I O N

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 39 Asset-Based A D D I T I O N A L I N F O R M A T I O N RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) 2Q26 2Q25 Asset-Light – Operating Income (Loss) ($ millions) Amounts on a GAAP basis $ (31.3) $ 0.6 Purchase accounting amortization, pre-tax (1) 2.5 3.2 Asset impairment charges, pre-tax (2) 34.5 - Restructuring charges, pre-tax (3) 0.7 - Change in fair value of contingent consideration, pre-tax (4) - (2.7) Non-GAAP amounts (5) $ 6.3 $ 1.1 1. Represents the amortization of acquired intangible assets in the Asset-Light segment. 2. Represents $25.7 million in noncash asset impairment charges to write off the Panther trade name as part of a strategic brand consolidation decision within Asset-Light’s operations and $8.8 million in lease-related impairment charges for certain Asset-Light office space. 3. Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced. 4. Represents change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. 5. Non-GAAP amounts are calculated in total and may not equal the sum of the GAAP and the non-GAAP adjustments due to rounding RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) 2Q26 2Q25 Asset-Based – Operating Income ($ millions) Amounts on a GAAP basis $ 74.3 90.5% $ 51.0 92.8% Restructuring charges, pre-tax (1) 1.0 (0.1) - - Gain on sale of property, pre-tax (2) (2.9) 0.4 - - Non-GAAP amounts (3) $ 72.3 90.8% $ 51.0 92.8% 1. Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced. 2. Represents the gain on a service center sale within the Asset-Based operations. 3. Non-GAAP amounts are calculated in total and may not equal the sum of the GAAP and the non-GAAP adjustments due to rounding. Asset-Light

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 40 Asset-Based A D D I T I O N A L I N F O R M A T I O N RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES* (Unaudited) 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM Asset-Based Operating Income ($ millions, except percentages) Amounts on a GAAP basis $ 102.1 95.2% $ 98.9 95.3% $ 260.7 89.9% $ 381.1 87.3% $ 253.2 91.2% $ 242.6 91.2% $ 172.0 93.7% $ 186.3 93.4% Restructuring charges, pre-tax (1) - - - - - - - - - - - - - - 1.0 - Gain on sale of certain properties, pre-tax (2) - - - - - - - - - - - - (15.7) 0.6 (18.6) 0.7 Innovative technology costs, pre-tax (3) 13.7 (0.6) 22.5 (1.1) 27.6 (1.1) 27.2 (0.9) 21.7 (0.8) - - - - - - Asset impairment charges, pre-tax (4) - - - - - - - - 0.7 - - - - - - - Nonunion vacation policy enhancement, pre-tax (5) - - - - - - 1.2 - - - - - - - - - ELD conversion costs, pre-tax (6) 2.7 (0.1) - - - - - - - - - - - - - - Nonunion pension termination costs, pre-tax (7) 0.3 - - - - - - - - - - - - - - - Non-GAAP amounts (8) $ 118.8 94.5% $ 121.3 94.2% $288.3 88.8% $409.6 86.4% $ 275.5 90.4% $242.6 91.2% $ 156.3 94.3% $ 168.6 94.0% *See “Notes to Non-GAAP Financial Tables” for footnotes to this non-GAAP table

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 41 Asset-Light A D D I T I O N A L I N F O R M A T I O N RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES* (Unaudited) 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM Asset-Light – Operating Income (Loss) ($ millions) Amounts on a GAAP basis $ (20.2) $ 9.7 $ 46.4 $ 52.7 $ (12.3) $ 58.4 $ (15.3) $ (42.6) Purchase accounting amortization, pre-tax (9) 4.2 3.8 5.3 12.9 12.8 12.8 12.8 11.4 Asset impairment charges, pre-tax (4) 26.5 - - - 14.4 1.7 6.6 41.1 Restructuring charges, pre-tax (1) - - - - - - - 0.7 Change in fair value of contingent consideration, pre-tax (10) - - - 18.3 (19.1) (90.3) (2.7) - Legal settlement, pre-tax (11) - - - - 9.5 0.3 - - Gain on sale of subsidiaries, pre-tax (12) - - (6.9) (0.4) - - - - Nonunion vacation policy enhancement, pre-tax (5) - - - 0.3 - - - - Non-GAAP amounts (8) $ 10.5 $ 13.4 $ 44.7 $ 83.8 $ 5.3 $ (17.1) $ 1.5 $ 10.7 *See “Notes to Non-GAAP Financial Tables” for footnotes to this non-GAAP table

E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 42 A D D I T I O N A L I N F O R M A T I O N RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES* (Unaudited) 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM ArcBest Consolidated – Adjusted EBITDA (14) ($ millions) Net Income (Amounts on a GAAP basis) $ 35.2 $ 67.3 $ 210.5 $ 294.6 $ 142.2 $ 173.4 $ 60.1 $ 16.3 Interest and other related financing costs 11.5 11.7 8.9 7.7 9.1 9.0 12.4 14.3 Income tax provision 10.1 20.4 62.6 93.7 44.8 45.4 23.0 4.4 Depreciation and amortization (15) 111.1 116.8 122.6 138.2 145.3 149.1 170.3 178.4 Amortization of share-based compensation 9.4 10.3 11.2 12.5 11.4 11.4 10.6 9.1 Change in fair value of contingent consideration (10) - - - 18.3 (19.1) (90.3) (2.7) - Asset impairment charges (4) 26.5 - - - 30.2 1.7 12.0 97.3 Legal settlement (11) - - - - 9.5 0.3 - - Change in fair value of equity investment (16) - - - - (3.7) 28.7 - - Gain on sale of subsidiaries, after-tax (12) - - (6.9) (0.4) - - - - Transaction costs, after-tax (17) - - 6.0 - - - - - Amortization of actuarial losses of benefit plans and pension settlement expense (18) 9.8 - - - - - - - Consolidated Adjusted EBITDA (8) $ 213.6 $ 226.5 $ 414.8 $ 564.6 $ 369.6 $ 328.6 $ 285.8 $ 319.9 ArcBest Consolidated *See “Notes to Non-GAAP Financial Tables” for footnotes to this non-GAAP table (continuing operations)(13)

RETURN ON CAPITAL EMPLOYED (ROCE)(19) 2019 2020 2021 2022 2023 2024 2025 2Q26 TTM (Unaudited, $ millions) Net Income (Amounts on a GAAP basis) $ 35.2 $ 67.3 $ 210.5 $ 294.6 $ 142.2 $ 173.4 $ 60.1 $ 16.3 Innovative technology costs, after-tax (includes related financing costs) (3) 15.7 19.6 24.9 30.8 39.7 26.1 22.2 22.4 Purchase accounting amortization, after-tax (9) 3.1 2.8 3.9 9.6 9.6 9.6 9.6 8.6 Changes in cash surrender value and gains on life insurance policies (3.7) (2.3) (4.1) 2.7 (4.6) (3.3) (3.3) (4.4) Tax expense (benefit) from vested RSUs (20) 0.5 0.5 (7.6) (8.1) (5.3) (11.3) 1.0 (1.4) Change in fair value of contingent consideration, after-tax (10) - - - 13.6 (14.4) (67.9) (2.0) - Asset impairment charges, after-tax (4) 19.8 - - - 22.6 1.3 9.1 73.3 Legal settlement, after-tax (11) - - - - 7.1 0.2 - - Gain on sale of certain properties, after-tax (2) - - - - - - (11.8) (14.0) Restructuring charges, after-tax (1) 1.6 Change in fair value of equity investment, after-tax (16) - - - - (2.8) 21.6 - - Gain on sale of subsidiaries, after-tax (12) - - (5.4) (0.3) - - - - Nonunion vacation policy enhancement, after-tax (5) - - - 1.5 - - - - Tax credits (21) (2.5) (1.3) (1.5) 0.2 - - - - Transaction costs, after-tax (17) - - 4.4 - - - - - Nonunion pension expense, including settlement expense, after-tax (22) 8.0 0.1 - - - - - - ELD conversion costs, after-tax (6) 2.0 - - - - - - - Nonunion pension termination costs, after-tax (7) 0.3 - - - - - - - After-tax interest expense (23) 8.7 8.8 6.5 5.7 6.7 6.6 9.1 10.6 ROCE Earnings (8) $ 87.1 $ 95.5 $ 231.5 $ 350.5 $ 200.8 $ 156.3 $ 93.9 $ 113.0 Beginning equity 717.7 763.0 828.6 929.1 1,151.4 1,242.4 1,314.4 1,300.4 Ending equity 763.0 828.6 929.1 1,151.4 1,242.4 1,314.4 1,295.7 1,267.6 Average Total Equity (24) $ 740.4 $ 795.8 $ 878.8 $ 1,040.2 $ 1,196.9 $ 1,278.4 $ 1,305.0 $ 1,284.0 Beginning debt 291.7 323.5 284.2 225.5 264.6 228.9 189.1 241.4 Ending debt 323.5 284.2 225.5 264.6 228.9 189.1 223.9 215.5 Average Total Debt (25) $ 307.6 $ 303.9 $ 254.9 $ 245.1 $ 246.8 $ 209.0 $ 206.5 $ 228.5 Average Capital Employed $ 1,048.0 $ 1,099.7 $ 1,133.7 $ 1,285.3 $ 1,443.7 $ 1,487.4 $ 1,511.5 $ 1,512.5 ROCE (percent) 8% 9% 20% 27% 14% 11% 6% 8% A D D I T I O N A L I N F O R M A T I O N ArcBest Consolidated *See “Notes to Non-GAAP Financial Tables” for footnotes to this non-GAAP table (continuing operations)(13)

The following footnotes apply to the non-GAAP financial tables on the previous four slides in this presentation: 1) Represents restructuring charges for the realignment of the Company’s organizational structure as previously announced. 2) Primarily includes gains on service center sales within the Asset-Based operations. 3) Represents costs related to our customer pilot offering of Vaux and initiatives to optimize our performance through technological innovation. The 2019-2023 periods also include costs associated with the freight handling pilot test program at ABF Freight, for which the decision was made to pause the pilot during third quarter 2023. Costs for 2019-2020 have been adjusted to conform to the current-year presentation. 4) The 2026 periods represents $50.8 million in asset impairment charges related to the write-off of certain freight movement system assets associated with Vaux. Also represents $25.7 million in noncash asset impairment charges to write off the Panther trade name as part of a strategic brand consolidation decision within Asset-Light’s operations and $8.8 million in lease-related impairment charges for certain Asset-Light office space. The 2025 periods represent noncash asset impairment charges recognized during fourth quarter 2025 related to the indefinite-lived intangible assets within Asset-Light’s segment and the write-off of certain assets utilized in the freight handling pilot program. The 2024 periods represent noncash asset impairment charges for certain revenue equipment and software recognized during fourth quarter 2024 as part of a strategic decision to adjust capacity within Asset-Light’s operations. The 2023 periods represent noncash lease-related impairment charges for a freight handling pilot facility, an Asset-Based service center, and Asset-Light office spaces that were made available for sublease. The 2019 periods represent a noncash impairment charge recognized in fourth quarter related to a portion of the goodwill, customer relationship intangible assets, and revenue equipment associated with the acquisition of truckload brokerage and truckload dedicated businesses within the Asset-Light segment. 5) Represents a one-time, noncash charge for enhancements to our nonunion vacation policy which were effective third quarter 2022. 6) Impairment charges related to equipment replacement and other one-time costs incurred to comply with the electronic logging device (“ELD”) mandate which became effective in December 2019. 7) Consulting fee incurred in third quarter 2019 associated with the termination of the nonunion defined benefit pension plan. 8) Non-GAAP amounts are calculated in total and may not equal the sum of the GAAP and the non-GAAP adjustments due to rounding. 9) Represents the amortization of acquired intangible assets in the Asset-Light segment. 10) Represents change in fair value of the contingent earnout consideration recorded for the MoLo acquisition. 11) Represents settlement expenses related to the classification of certain Asset-Light employees under the Fair Labor Standards Act, which were paid during first quarter 2025. 12) Gains associated with the April 2021 divestitures of moving services subsidiaries for which the gains were recognized in second quarter 2021, when the contingent consideration was received on the transactions, as well as including the contingent amount recognized in second quarter 2022 when the funds were released to escrow. 13) Historical results of FleetNet have been excluded from results for all periods presented, and reclassifications have been made to the prior-period financial statements to conform to current-year presentation. 14) Adjusted EBITDA is used for business planning and as a key performance measure, particularly because it excludes certain significant expenses resulting from strategic decisions or other factors rather than core daily operations, such as amortization of acquired intangibles and software of the Asset-Light segment, restructuring costs, and the change in fair value of contingent consideration The calculation of Consolidated Adjusted EBITDA begins with net income (loss), which is the most directly comparable GAAP measure. 15) Includes amortization of intangibles associated with acquired businesses. 16) For 2024, represents a noncash impairment charge to write off an equity investment in Phantom Auto, a provider of human-centered remote operation software, which ceased operations during first quarter 2024. For 2023, represents the increase in fair value of an investment in Phantom Auto based on observable price changes during second quarter 2023. 17) Represents costs associated with the November 1, 2021, acquisition of MoLo Solutions, LLC. 18) Includes pre-tax pension settlement expense of $4.2 million related to the Company’s nonunion defined benefit pension plan, for which plan termination was completed as of December 31, 2019, and a $4.0 million noncash pension termination expense related to an amount which was stranded in accumulated other comprehensive income until the pension benefit obligation was settled upon plan termination. 19) Management uses Adjusted Return on Capital Employed (ROCE) as a measure of the profitability of the company's capital employed in its business operations. ROCE is a good indicator of long-term company and management performance as it relates to capital efficiency. The calculation of ROCE as presented below begins with the numerator of Net Income from Continuing Operations and the denominator of Average Debt and Average Total Equity. The Net Income from Continuing Operations is adjusted for Non-GAAP items and after-tax interest expense. 20) Represents recognition of the tax impact for the vesting of share-based compensation. 21) Represents tax credits recognized in the tax provision which relate to a prior tax year due to timing of recognition or retroactive reinstatement of the tax credits. Includes amounts related to alternative fuel tax credit in 2018, 2019 and 2022. Includes amounts related to research and development tax credit in 2019, 2020 and 2021. The 2022 period also includes amounts related to the alternative fuel tax credit for the year ended December 31, 2021, which were recorded in third quarter 2022. 22) Represents nonunion pension expense, including pension settlement and termination expense, related to the Company’s nonunion defined benefit pension plan for which plan termination was completed in 2019. Also includes pension settlement expense related to the Company’s supplemental benefit plan. 23) After-tax interest expense is interest and other related financing costs, net of an assumed tax rate reflective of the applicable statutory and/or effective tax rates for the period presented. 24) Average total equity is the average of the beginning and ending total stockholders’ equity. 25) Average total debt is the average of the beginning and ending current portion of long-term debt and long-term debt, less current portion. E A R N I N G S P R E S E N T A T I O N | 2 Q 2 6 44 Notes to Non-GAAP Financial Tables