Arkansas-based ArcBest recently announced it was making numerous changes to streamline operations and reduces costs.
ArcBest recently announced it is creating "a simplified brand structure and (making) a series of organizational changes designed to improve operational efficiency, create a more seamless customer experience, and position the company for long-term growth and improved profitability."
This includes:
closing 10 service centers used by ABF Freight, it's less-than-truckload operation
reducing the size of its labor force
consolidating three of its brand under one name
According to a company statement. effective Aug. 1, MoLo Solutions, Panther Premium Logistics and ArcBest Technologies will operate under the ArcBest brand. This will, according to a company statement, give customers easier and clearer access to the company’s full suite of solutions.
The company said its ABF Freight brand will continue to represent ArcBest’s less-than-truckload carrier.
ArcBest said it is also streamlining its organizational structure and optimizing its operating footprint to better align resources with its long-term strategic priorities. These actions include a reduction of about 2% of total positions through workforce reductions and the elimination of certain open positions.
ArcBest has some 14,000 employees in 250 locations in the U.S., Canada and Puerto Rico.
The company said it expects these measures to improve operating efficiency and generate about $40 million in savings.
“Our customers are managing complex, constantly evolving supply chains, and they want partners who make that work easier,” said Seth Runser, ArcBest president and CEO. “Bringing MoLo and Panther capabilities together under one ArcBest brand better unifies us as one team for a more coordinated experience across our solutions.
"At the same time, streamlining our organization and operating footprint improves efficiency, strengthens profitability and positions us to grow without compromising the service our customers rely on.
“ArcBest has been a trusted logistics provider for over 100 years. These actions strengthen the foundation we've built and prepare us to deliver for our customers over the next hundred.”
