morning Thank you, and everyone. good Judy
me some with begin Let consolidated information.
per we year. quarter net revenues a to last million XXXX X.X%. last share third of diluted compared share quarter, On $X.XX an diluted income XXXX in quarter increase compared consolidated third year's Third to $X.XX million $XXX were income net basis, of of $XXX GAAP had per
share table our we per to earnings that XXXX. beginning the press taken net income The additional expect diluted to approach per our third $XXX,XXX the in in period quarter of quarter related detailed compared implemented share remainder in of after was same third approximately the restructuring Through January. this of in reconciliation cost non-GAAP the $X.XX $X.XX to related to year, $X.XX As XXXX XXXX morning's tax adjusted in corporate market release, adjustments included reorganization. incur was currently enhanced
Board by in claims information pension to of benefits settlement due we ArcBest and plan the cash accrual recently $XX an charges approved was participants action provided during based future Directors approximately actuary, to approximately million terminate non-union of was in million funding XXXX on frozen. The XXXX XXXX. closed Our and plan the estimate of the of $XX
the value regard. funding now in interest number rates is be Although, charge of among planned this calculations, assurances and the benefit and actual final on dependent others. in including of assets factors, there The no a can
Our non-GAAP pension expanse. including settlement after-tax our union XXXX per million plan in of $X an net for pre-tax or income $X.XX share quarter non adjustment including third
in fourth As this of more we close pension returns including Pension due the to asset frozen plan, results ArcBest estimated XXXX, release settlement XXXX. move that charges for to quarter was conservative shows quarter increased have be effective expanse, third because morning's out is quarter tax This of lower third tax quarter earnings currently strategy. investment costs to the rate rate comparable a third with healthcare approximately law. tax XX.X%. the year-to-date and in XXXX what claim non-GAAP frequency rates period as On asset full by quarter mentioned the current a we basis, of Judy non-union below was previously corporate is cost. claim cost we lower costs the tax wide healthcare approximately per last decreased. year based reduction third under million average expect XX%, year same for $X.X were which reconciliation and
quarter covered healthcare successive recent of employee decreased the month. have We in for costs non-union
new in bought $XXX we part be $XXX we stock tractors a In XXXX of provide million expenditures of that this we repurchase we the third we net our to currently million. program, capital an completed program, are to next purchase existing $XX plans total delivery update of Under XX,XXX of year. all process availability. the $X.X plan in our approximately we’ll amount for the As third at of in shares million, our asset purchase and spending time. on developing the million for expected repurchase to range quarter, the capital have appropriate of based of and are quarter,
of delivery the the new of remainder taking throughout begin tractors will We year.
third associated with equipment city completion $XXX of investments resources and and of our tractors tractor of quarter our We Combined liquidity additional road experiencing million. deliveries our our recently the with our and the receivable cost. million. city age With term maintenance currently the both credit of admitted revolver, and to available did fleets, total securitization $XXX in admitted improved tractor fuel unrestricted our lower reduced features, older accordion the transition short equals and cash our the agreement average of we're economy fleet, out and further we
debt is flow in composite The on on were includes the earnings Our of the capital release. of all operation. total million and payable borrowed press based revolver, details the $XXX Full million cash $XX in our our quarter for debt million our balance our X.X%. and third asset leases, million GAAP on interest primarily end our equipment receivable the at of securitization of included our credit $XX notes rates $XXX of
corporate third represent You’ll ArcBest recall unified allocated items we many shared of the These service segment these and service that that the with customer activities. including year, expenses implemented of quarter, expense Beginning this expense services. marketing sourcing effective, new expenses. sales, we beginning functions, ties. structure have a line at unified our pricing, shared companywide the functions segment to costs modified were Previously, within presentation by capacity
based year. had and no The a Now third financial of revenue days segment working period million, segment last press in year's quarter disclosures. reduced to XX.X last working day opportunities are for was of tables changes services and change previous expense. these incremental in those XXXX tables total increase years relative release a third number over The income. quarter shared both compared to operating reflect quarter. in XX the days reported line financial these on the to compared ArcBest costs third additional previous quarter, in prior $XXX in for of within This two comparability. We periods. operating to per third single of today's days our X.X% asset there revenue second included in And reported earnings quarter XX.X working
based versus X% per Asset year's quarterly day tonnage third last quarter. declined
XXXX X.X% September. the last month, decreased and tonnage For period same X.X% in by August daily third quarter in asset-based by versus X%, decreased July decreased in year
because reposition primarily adequately our took improve in to capacity based decline profitability asset were LTL driven shipments to along to And shipments purposeful equipment. yields few customers’ requirements. We management fewer shipments. spot The by total reductions for had weighted these market haul truckload tonnage of required third actions early serve the of with quarter line equipment need we their
third XXXX these approximately tonnage based LTL versus assets Excluding our shipments, truckload declined X% last quarter weighted year.
quarter third day decrease X.X% quarter. weight pounds, of to a compared per to third sequential basis Third on decrease year's last last a decreased second and quarter XXXX. X,XXX shipment based from quarter total X.X% asset was per compared X.X% shipments a year's Total of
time per This to September, some length length with side shipment by LTL delivery both shipments X,XXX of of residential For a our categories miles above year. increases August weight shipments year in versus in third year, our length quarter over was miles. was in the asset X,XXX shipments non-UPAC X,XXX and level and The growth This impacted recent compared LTL haul increased on this and in a haul general a is X,XXX the based when average shipments pounds. haul in of first represents and reduced last second when quarters year both miles. from X% of was decrease last tonnage, quarter
higher impacted On of surcharge metric of fuel per the were revenue shipments yield last sequential quarter and to based billed mix. on an X.X% $XX.XX, total year. a quarter in shipment by increased figure business basis, X.X%. comparisons the positively profile third this shield changes of Third hundredweight asset increase was Year-over-year compared and
the higher on Excluding We agreements the in asset basis revenue and increase the hundredweight per contract and basis. third a pricing quarter we secured was asset-based years, have was increase on fuel average was based This on X.X% average XX during LTL points highest billed quarter surcharge, negotiated in second in last customer an freight the secured renewals XXX mid-single-digits. deferred quarter. increase sequential the third
quarter asset impacted the levels $X hurricanes approximately those U.S. XXXX of these reach effects mentioned August should asset in income geographic and Judy of in regions. based Puerto We that and As late Texas by based and storms third million. estimate the operating earlier, in business Rico begin Southeastern adversely out
$XXX estimated had The to third a ArcBest our increase light of businesses on million, have quarter like hurricanes minimal quarter. a year's last asset have over In total, third XX% impact asset business. revenue
On of prior adjusted an $XX.X Third million $X.X quarter quarter the of these income million EBITDA year million million totaled and $X.X third quarter. operating for in income and EBITDA $XX.X quarter. adjusted income in to prior the million $X.X $X.X adjusted to totaled operating compared year services million adjusted operating totaled basis, compared
approximately management expedite increase XX% the billed shipment, results only quarter, This in X%. metric hundredweight versus surcharges increased October X%. yield as decreased digits yield were account based asset revenues shipment business our based a follows; basis, third a shipment per decreased Total the approximately Total total asset of X%. shipment approximately to total increased coming Preliminary higher daily day X%. LTL per approximately based initiatives On X%. for mix. affected On approximately increased XXXX changes with initiatives. per a in down X% total counts Daily total light shipment XX%. in is positively yield X%; Total in revenue sequential the sequential per in asset asset fuel During average our single related approximately tonnage revenue increased increase X% basis, weight increased daily average experienced shipment month per per October approximately increased approximately per and our shipments. being revenue weight mid by revenue
quarter For of average quarter range basis to contract, the year-over-year points. the in the on based ArcBest third historical current increase assets a month a of in fourth Since per weight approximate average increased operating XXX in basis. ratio has the labor shipment in change been versus sequential XXX implementation the the LTL an third row, an
improved basis, increase in business light than day fourth and to versus is quarter, quarter of logistics light from had October X% additional our year. related restructuring experienced activity. side growth service a between revenue other The cost million, in businesses from the and elimination including we These pension quarter, last normal the non-GAAP lines. comparisons XX.X $X.X service fleet plan In quarter, this the was reported year’s expedite net loss services truck in increase driven one with fourth half day the last to will reflects of have loss the total for is relative growth return to peer approximately preliminary portion solid On October and this the in and business incentives group. We in the our in day growth, and third an $XXX,XXX. fourth industry to as In an year’s year more in than In allocation in last shared year-over-year this compared an we a emergency which by the less million. share quarter working quarters October, quarter, days fourth third we expect asset The previous previously in combined benefited XXXX modifications quarter. load X% to increased increase discussed dedicated this to comparable $X.X year. be revenue associated line from and asset the had
required we've here be ArcBest to in third and As in as discussed, was innovations are investments previously expense, well. are net of interest the expensed that Interest technology income, million included quarter. $X.X
income amount We in reported estimate capturing presentation. capturing be does value from the therefore This million. the interest consider changes approximately other non-GAAP items we which include excluded We recent changes net statement not million in the in the value, which be expect our to $X of fourth quarter in our $X.X non-operating nearly to of income the line had expense of net quarter. and
Judy over some closing it to comments. turn I’ll Now, for
