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ArcBest, ABF Freight Implement 5.9% Rate Increase

ArcBest Corporation and its ABF Freight subsidiary announced Monday a general rate increase of approximately 5.9%, effective June 22. The timing marks an atypical mid-year adjustment for the LTL carrier, which traditionally raises rates in the latter half of the year. Specific lanes and shipments may experience variations from the stated increase. The company disclosed a heavier freight mix during the second quarter. Its asset-based segment climbed 10% year-over-year while tonnage rose 5%, despite daily shipments declining 2%. ArcBest revised its Q2 operating ratio forecast upward, projecting sequential improvement of 6 to 7 percentage points compared to a typical seasonal increase of 3.5 points. Management attributed the pricing strength to rational market conditions and disciplined capacity management.