EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Investor Relations Contact: David Humphrey | | Media Contact: Kathy Fieweger |
Title: Vice President – Investor Relations | | Phone: 479-719-4358 |
Phone: 479-785-6200 | | Email: kfieweger@arcb.com |
Email: dhumphrey@arcb.com | | |
ArcBest CorporationSM Increases Its Quarterly Dividend To $0.08/Share
and Extends Its Share Repurchase Program
FORT SMITH, Arkansas, October 22, 2015 – ArcBest CorporationSM (Nasdaq: ARCB) announced an increase in its quarterly cash dividend to eight cents ($0.08) per share. Previously, ArcBest’s quarterly cash dividend was six cents ($0.06) per share.
The ArcBest board of directors declared a quarterly cash dividend of eight cents ($0.08) per share to holders of record of its Common Stock, $0.01 par value, on November 5, 2015, payable on November 19, 2015.
ArcBest also announced that its board of directors has extended its share repurchase program, making a total of $50.0 million available for purchases of ArcBest’s Common Stock.
About ArcBest
ArcBest CorporationSM (Nasdaq: ARCB) solves complex logistics and transportation challenges. Our companies and brands – ABF FreightSM, ABF LogisticsSM, Panther Premium Logistics®, FleetNet America®, U-Pack® and ArcBest Technologies – apply the skill and the will with every shipment and supply chain solution, household move or vehicle repair. ArcBest finds a way.
For more information, visit arcb.com, abf.com, pantherpremium.com, fleetnetamerica.com and upack.com. ArcBest CorporationSM. The Skill & The WillSM.
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