ArcBest VP-controller Jason Parks sells $115,501 in stock

ArcBest Corp. executive Jason Parks, the Vice President-Controller and Chief Accounting Officer, divested 855 shares of the company's common stock on September 15, 2026. The sale amounted to $115,501, with shares exchanged at a price fluctuating between $135.06 and $135.13 per share. Post-sale, Mr. Parks remains shareholder of 3,794 shares of ArcBest common stock.

Meanwhile, ArcBest Corp. reported robust second-quarter 2026 financials, surpassing analyst expectations. The company reported adjusted earnings per share of $2.38, surpassing the Wall Street estimate of $2.17, and revenue of $1.2 billion, exceeding the forecast of $1.18 billion. This marked a 16% revenue growth compared to the previous year. ArcBest's non-GAAP operating income also surged to $74 million from $45 million.

Despite these strong financials, Bank of America Securities reduced its price target for ArcBest to $152 from $173, while maintaining a Neutral rating. The reduction was attributed to valuation concerns. In other news, Knight Transportation maintained a Market Outperform rating from Citizens, with a price target of $90. This rating was based on discussions with industry experts and management teams at a recent seminar.