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FORT SMITH, Ark. - ArcBest® (NASDAQ:ARCB), a leader in integrated logistics with a market capitalization of $1.48 billion, has announced the appointment of Mac Pinkerton as the chief operating officer of its asset-light logistics division, effective January 5, 2026. Pinkerton will be succeeding Steven Leonard, who is set to retire in June after a notable 24-year tenure at the company. The announcement comes as the company’s stock trades at a modest P/E ratio of 8.2, suggesting potential undervaluation according to InvestingPro analysis.
Pinkerton’s transition to ArcBest marks a significant career move as he joins from C.H. Robinson, where his 28-year career culminated in the role of president of North America Surface Transportation. His extensive experience in the logistics industry is expected to bring immediate value to ArcBest, which has maintained dividend payments for 23 consecutive years despite industry volatility. InvestingPro subscribers can access 14 additional key insights about ArcBest’s market position and growth potential.
Judy McReynolds, ArcBest’s chairman and CEO, expressed confidence in Pinkerton’s capability to enhance value for both customers and shareholders, citing his in-depth experience and commitment to customer service.
The interim period following Leonard’s retirement will see the asset-light logistics division report to Seth Runser, president of ArcBest, until Pinkerton assumes his role in January 2026.
ArcBest, established in 1923, operates a vast network with 14,000 employees across 250 campuses and service centers. The company’s innovative approach, including the development of Vaux™, recognized as one of TIME’s Best Inventions of 2023, underscores its commitment to advancing logistics solutions.
This strategic hire is part of ArcBest’s ongoing efforts to adapt and thrive in a dynamic global supply chain environment. The company’s financial health is rated as ’Fair’ by InvestingPro, with detailed analysis available in the comprehensive Pro Research Report, one of 1,400+ deep-dive reports available to subscribers. The information is based on a press release statement.
In other recent news, ArcBest Corp reported its first quarter 2025 earnings, which slightly missed analysts’ expectations. The company posted an earnings per share (EPS) of $0.51, just below the forecasted $0.52, and reported revenue of $967.08 million, falling short of the $989.28 million expectation. This represents a 7% decline in revenue year-over-year, highlighting ongoing challenges in the market. Stifel analysts responded by lowering their price target for ArcBest from $102 to $83, though they maintained a Buy rating on the stock. Despite the earnings miss, ArcBest’s management remained optimistic, suggesting a return to typical seasonal patterns in the second quarter and maintaining steady capital expenditure forecasts for the year.
The company’s operating ratio for the quarter was 98.2%, aligning with market expectations, and management emphasized a strong focus on customer retention and pricing strategies. ArcBest has experienced growth in its core less-than-truckload (LTL) volumes after previously losing market share during an economic downturn. Looking forward, the company anticipates a 300-400 basis point improvement in its operating ratio in the second quarter. Additionally, ArcBest is focusing on enhancing its digital capabilities and expanding its customer base among small and medium-sized businesses.
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