ArcBest Stock Buyback

Is this an attempt to thwart a takeover attempt?  LTL giants ABF, TForce and Yellow are all heading into the end of their existing labor contracts.  Yellow is probably the most stable since the United States government provided a HUGE PPP investment during Covid.   That leaves TForce and ABF to fight alone… or will it be together?

Get out the popcorn and enjoy the show!

https://www.freightwaves.com/news/arcbest-trims-product-offering-with-100m-sale-of-fleetnet