Shipping & Freight #layoffs#ltl terminals
ArcBest to Lay Off 2% of Workforce, Close 10 LTL Terminals in Restructuring
ArcBest (NASDAQ: ARCB) announced a restructuring that will cut approximately 2% of its workforce and close 10 LTL terminals in small markets. The company also plans to retire the MoLo and Panther brands and discontinue the Vaux Freight Movement System, aiming for $40 million in annualized cost savings.
Jul 16, 2026 1 source