ArcBest is implementing a restructuring plan that includes workforce reductions of approximately 2%. The company will also consolidate some less-than-truckload terminals, reducing its network footprint. These changes aim to achieve significant annualized cost savings. Additionally, ArcBest is consolidating several brands under its main banner and retiring others. The restructuring is expected to result in both cash and noncash charges.
Fort Smith, Arkansas
https://www.freightwaves.com/news/arcbest-announces-layoffs-closing-10-ltl-terminals