XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

OPERATING SEGMENT DATA (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended |
​ | ​ | June 30 | ​ | June 30 |
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
​ | ​ | (in thousands) |
REVENUES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 652,832 | ​ | $ | 460,070 |  | $ | 1,209,124 |  | $ | 975,783 | ​
ArcBest | ​ |  | 270,748 | ​ |  | 151,467 | ​ |  | 523,084 | ​ |  | 316,242 | ​
FleetNet | ​ |  | 59,547 | ​ |  | 46,440 | ​ |  | 118,710 | ​ |  | 98,879 | ​
Other and eliminations | ​ |  | (34,154) | ​ |  | (30,607) | ​ |  | (72,732) | ​ |  | (62,135) | ​
Total consolidated revenues |  | $ | 948,973 |  | $ | 627,370 |  | $ | 1,778,186 |  | $ | 1,328,769 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 302,370 | ​ | $ | 248,995 |  | $ | 588,064 |  | $ | 532,833 | ​
Fuel, supplies, and expenses | ​ |  | 64,689 | ​ |  | 45,675 | ​ |  | 125,530 | ​ |  | 106,900 | ​
Operating taxes and licenses | ​ |  | 12,303 | ​ |  | 11,629 | ​ |  | 24,551 | ​ |  | 24,423 | ​
Insurance | ​ |  | 9,454 | ​ |  | 8,247 | ​ |  | 18,393 | ​ |  | 16,071 | ​
Communications and utilities | ​ |  | 4,663 | ​ |  | 4,342 | ​ |  | 9,633 | ​ |  | 9,053 | ​
Depreciation and amortization | ​ |  | 23,308 | ​ |  | 23,327 | ​ |  | 46,792 | ​ |  | 46,597 | ​
Rents and purchased transportation | ​ |  | 95,082 | ​ |  | 46,152 | ​ |  | 170,670 | ​ |  | 101,922 | ​
Shared services | ​ | ​ | 69,372 | ​ | ​ | 45,605 | ​ | ​ | 125,238 | ​ | ​ | 94,490 | ​
Gain on sale of property and equipment(1) | ​ |  | 71 | ​ |  | (1,175) | ​ |  | (8,624) | ​ |  | (3,339) | ​
Innovative technology costs(2) | ​ |  | 7,532 | ​ |  | 4,789 | ​ |  | 14,400 | ​ |  | 9,322 | ​
Other | ​ |  | 77 | ​ |  | 1,448 | ​ |  | 511 | ​ |  | 3,235 | ​
Total Asset-Based | ​ |  | 588,921 | ​ |  | 439,034 | ​ | ​ | 1,115,158 | ​ | ​ | 941,507 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ArcBest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchased transportation | ​ |  | 226,603 | ​ |  | 125,090 | ​ |  | 437,598 | ​ |  | 262,272 | ​
Supplies and expenses | ​ |  | 2,476 | ​ |  | 1,989 | ​ |  | 5,044 | ​ |  | 4,269 | ​
Depreciation and amortization | ​ |  | 2,366 | ​ |  | 2,449 | ​ |  | 4,752 | ​ |  | 4,919 | ​
Shared services | ​ | ​ | 29,078 | ​ | ​ | 18,840 | ​ | ​ | 55,150 | ​ | ​ | 40,567 | ​
Gain on sale of subsidiaries(3) | ​ | ​ | (6,923) | ​ | ​ | — | ​ | ​ | (6,923) | ​ | ​ | — | ​
Other | ​ | ​ | 2,021 | ​ |  | 1,796 | ​ | ​ | 4,071 | ​ | ​ | 4,321 | ​
Total ArcBest | ​ |  | 255,621 | ​ |  | 150,164 | ​ |  | 499,692 | ​ |  | 316,348 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
FleetNet | ​ |  | 58,409 | ​ |  | 45,658 | ​ |  | 116,549 | ​ |  | 97,057 | ​
Other and eliminations | ​ |  | (28,277) | ​ |  | (27,911) |  |  | (59,703) | ​ |  | (54,387) | ​
Total consolidated operating expenses | ​ | $ | 874,674 | ​ | $ | 606,945 | ​ | $ | 1,671,696 | ​ | $ | 1,300,525 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING INCOME | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 63,911 | ​ | $ | 21,036 | ​ | $ | 93,966 | ​ | $ | 34,276 | ​
ArcBest | ​ |  | 15,127 | ​ |  | 1,303 | ​ |  | 23,392 | ​ |  | (106) | ​
FleetNet | ​ |  | 1,138 | ​ |  | 782 | ​ |  | 2,161 | ​ |  | 1,822 | ​
Other and eliminations | ​ |  | (5,877) | ​ |  | (2,696) | ​ | $ | (13,029) | ​ | $ | (7,748) | ​
Total consolidated operating income | ​ | $ | 74,299 | ​ | $ | 20,425 | ​ | ​ | 106,490 | ​ | ​ | 28,244 | ​
OTHER INCOME (COSTS) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividend income | ​ | $ | 322 | ​ | $ | 991 | ​ | $ | 714 | ​ | $ | 2,366 | ​
Interest and other related financing costs | ​ |  | (2,274) | ​ |  | (3,378) | ​ |  | (4,702) | ​ |  | (6,325) | ​
Other, net(4) | ​ |  | 1,111 | ​ |  | 2,696 | ​ |  | 2,303 | ​ |  | (1,166) | ​
Total other income (costs) | ​ |  | (841) | ​ |  | 309 | ​ |  | (1,685) | ​ |  | (5,125) | ​
INCOME BEFORE INCOME TAXES | ​ | $ | 73,458 | ​ | $ | 20,734 | ​ | $ | 104,805 | ​ | $ | 23,119 | ​
​ ​
(1) | The six months ended June 30, 2021 includes an $8.6 million gain on the sale of an unutilized service center property.
(2) | Represents costs associated with the freight handling pilot test program at ABF Freight.
(3) | Gain recognized for the three and six months ended June 30, 2021 relates to the sale of the labor services portion of the ArcBest segment’s moving business in May 2021.
(4) | Includes the components of net periodic benefit cost other than service cost related to the Company’s SBP and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies.
​
Schedule of revenues from customers and intersegment revenues | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Six Months Ended |
​ | ​ | June 30 | ​ | June 30 |
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
​ | ​ | (in thousands) |
Revenues from customers | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 630,145 | ​ | $ | 439,585 |  | $ | 1,159,869 |  | $ | 935,313 | ​
ArcBest | ​ |  | 268,038 | ​ |  | 149,683 | ​ |  | 518,279 | ​ |  | 312,631 | ​
FleetNet | ​ |  | 49,951 | ​ |  | 37,245 | ​ |  | 98,385 | ​ |  | 78,989 | ​
Other | ​ |  | 839 | ​ |  | 857 | ​ |  | 1,653 | ​ |  | 1,836 | ​
Total consolidated revenues |  | $ | 948,973 |  | $ | 627,370 |  | $ | 1,778,186 |  | $ | 1,328,769 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Intersegment revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 22,687 | ​ | $ | 20,485 | ​ | $ | 49,255 | ​ | $ | 40,470 | ​
ArcBest | ​ | ​ | 2,710 | ​ | ​ | 1,784 | ​ | ​ | 4,805 | ​ | ​ | 3,611 | ​
FleetNet | ​ | ​ | 9,596 | ​ | ​ | 9,195 | ​ | ​ | 20,325 | ​ | ​ | 19,890 | ​
Other and eliminations | ​ | ​ | (34,993) | ​ | ​ | (31,464) | ​ | ​ | (74,385) | ​ | ​ | (63,971) | ​
Total intersegment revenues | ​ | $ | — |  | $ | — |  | $ | — |  | $ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total segment revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 652,832 | ​ | $ | 460,070 | ​ | $ | 1,209,124 | ​ | $ | 975,783 | ​
ArcBest | ​ | ​ | 270,748 | ​ | ​ | 151,467 | ​ | ​ | 523,084 | ​ | ​ | 316,242 | ​
FleetNet | ​ | ​ | 59,547 | ​ | ​ | 46,440 | ​ | ​ | 118,710 | ​ | ​ | 98,879 | ​
Other and eliminations | ​ | ​ | (34,154) | ​ | ​ | (30,607) | ​ | ​ | (72,732) | ​ | ​ | (62,135) | ​
Total consolidated revenues | ​ | $ | 948,973 | ​ | $ | 627,370 | ​ | $ | 1,778,186 | ​ | $ | 1,328,769 | ​
Schedule of consolidated operating expenses by component | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Six Months Ended |
​ | ​ | June 30 | ​ | June 30 | ​
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
​ |  | (in thousands) | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 389,146 | ​ | $ | 305,220 | ​ | $ | 748,541 | ​ | $ | 650,166 | ​
Rents, purchased transportation, and other costs of services | ​ |  | 347,760 | ​ |  | 187,914 | ​ |  | 657,098 | ​ |  | 404,942 | ​
Fuel, supplies, and expenses | ​ |  | 80,020 | ​ |  | 54,838 | ​ |  | 153,169 | ​ |  | 126,611 | ​
Depreciation and amortization(1) | ​ |  | 30,282 | ​ |  | 29,086 | ​ |  | 60,636 | ​ |  | 58,099 | ​
Other(2) | ​ |  | 27,466 | ​ |  | 29,887 | ​ |  | 52,252 | ​ |  | 60,707 | ​
​ | ​ | $ | 874,674 | ​ | $ | 606,945 | ​ | $ | 1,671,696 | ​ | $ | 1,300,525 | ​
(1) | Includes amortization of intangible assets.
(2) | The three and six months ended June 30, 2021 includes a $6.9 million gain related to the sale of a subsidiary within the ArcBest segment. The six months ended June 30, 2021 also includes an $8.6 million gain related to the sale of an unutilized service center property within the Asset-Based segment.

X
- Definition Tabular disclosure of each detailed component of consolidated operating expenses. + References No definition available. + Details
Name: | arcb_ScheduleOfOperatingExpenseByComponentTableTextBlock
Namespace Prefix: | arcb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration