ArcBest appoints Thom Albrecht to board as Steven Spinner set to retire

FORT SMITH, Ark. - ArcBest (NASDAQ:ARCB), a supply chain logistics company currently valued at $1.9 billion with a P/E ratio of 11, announced Thursday the appointment of Thom Albrecht to its Board of Directors, effective immediately, while longtime director Steven L. Spinner will retire from the board on October 31, 2025. According to InvestingPro data, six analysts have recently revised their earnings expectations upward for the upcoming period.

Albrecht, who brings over 35 years of transportation and logistics experience, will serve on the Audit Committee. He currently works as Chief Revenue Officer at Reliance Partners, a commercial insurance agency specializing in transportation and logistics, where he previously served as CFO. His appointment comes as ArcBest maintains strong financial metrics, with InvestingPro analysis showing the company operates with moderate debt levels and has maintained dividend payments for 23 consecutive years.

His background includes executive positions at Celadon Group and 28 years on Wall Street specializing in the transportation sector, where he was recognized as a Wall Street Journal All Star seven times.

"His extensive experience in finance, capital allocation, business strategy and insurance - viewed through the lens of our complex industry - adds meaningful perspective to our board as we continue to execute on our long-term strategy," said Judy R. McReynolds, ArcBest chairman and CEO, in a press release statement.

Spinner, who joined the board in 2011, served as Lead Independent Director for nine years and as a member of the Audit Committee. During his 14-year tenure, he helped guide ArcBest’s transformation from an LTL company into an integrated logistics company.

The company indicated these changes are part of its regular assessment of board composition and that additional updates are expected in the coming months as the review process continues.

ArcBest, founded in 1923, employs 14,000 people across 250 campuses and service centers, providing ground, air and ocean transportation services along with fully managed supply chain solutions. The company generated $4.1 billion in revenue over the last twelve months, maintaining a fair financial health score according to InvestingPro, which offers comprehensive analysis and 12 additional key insights about the company’s performance and outlook.

In other recent news, ArcBest has completed a pilot program testing a Tesla Semi electric truck in its operations, logging 4,494 miles with an energy efficiency of 1.55 kWh per mile. On the financial front, ArcBest’s first quarter 2025 earnings report revealed an adjusted earnings per share (EPS) of $0.51, aligning with Street consensus but slightly below Stifel’s expectations due to lower brokerage revenue. Stifel subsequently adjusted its price target for ArcBest to $83, though it maintained a Buy rating on the company’s shares. Meanwhile, Goldman Sachs upgraded ArcBest’s stock rating to Buy, increasing the price target to $101, based on a revised price-to-earnings multiple. BofA Securities also raised ArcBest’s stock rating from Underperform to Neutral, setting a new price target of $74. In leadership news, ArcBest announced the appointment of Mac Pinkerton as the chief operating officer of its asset-light logistics division, effective January 2026. Pinkerton joins from C.H. Robinson, where he held the position of president of North America Surface Transportation. These developments reflect ongoing strategic adjustments and evaluations within ArcBest.

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