that Thank year's positive one environment some the was you, were solid everyone. outlook our generally, customers morning, among obviously economy saw remained quite basis but historical volatile, record-setting last quarter, mixed pace. a in caution. terms, strong positive. some But the Throughout we areas moderation of more and that quarter, report to while others to from David, experienced leading were good was for some pleased and another We the
on were there and year, this is rising sequentially while industrial levels that production been note tracking soft. the the and front, ratio have inventory-to-sales We tariff in some ongoing concern manufacturing also trend
chain customers impacts demand supply seek however, logistics about increasingly fact All advice our that we are of their Overall, expertise complex and encouraged challenges. us by the from this, services. obviously, for
am talk available past, about expanded the me in the us, heard you've I and confident in headed Given to we right which the substantial are direction. market opportunities
room We have of a lot to grow.
shows updated than that have of of a current In levels. XX fact, for previously more our ArcBest logistics X from out us nearly one we internal recently customers services, up indicated research need
a regardless these the Our growth findings operating provides environment. is of aligned pathway forward directly with and clear strategy
have continue knowledge, make and The investments we customers. to greater with people, technology, processes and and made in enabling success visibility are
have and meaningful more Our conversations transportation information for now have responsible people with to better and logistics decision-makers spend.
undertook offerings ago once provide. ensuring The service solid Specifically compensated our value in levels. from Asset-Based environment properly benefited rational baseline regarding reset our with again we pricing shipment accounts are quarter, foundation our for we X the business despite we lower for years a the remained
solutions, market the by a for in needed side, demand our managed conversations, transportation, On expanded ability capacity. lower Asset-Light including customer part to by characterized offset offer value in services expedited truckload added to
And detail performance revenue remain levels now pricing positive the offerings. last our quarter business to I'll of pricing second though initiatives of year's to experienced Asset-Based in tonnage on the second quarter growth current that lower-demand discuss contributed some our additional service and and limited reductions environment, shipment In successful, impacted quarter second continue and was be versus to Industry rate strength. comparisons yield operating year. increase profit by Asset-Based lower last management these the
in efforts our call David some related will reductions Cobb productivity costs that with associated to as Operating maintain levels. service some increases as above later were expectations, well somewhat specific the discuss to in
And year's of in quarters, in our Beginning rail, our were levels see below use increased below we our transportation during again rate larger-sized second shipments a in moving at of we However, year's recent started shipments experienced of daily marketplace. quarter, truckload having last able cartage last May, what the reflective in I these a of versus reversal On Asset-Based spot the success LTL-rated count but basis, were was quarter. securing network. quarter, to year, declined truckload-rated second the shipments pleased capacity total to resources. once and reduce city last that purchased number combined we we shipment current
us helped shipment comparisons was experienced what year shipments be experienced first mix, more the in shipments primarily quarter, versus quarter. quarter, reflected significant in reduction fill as added. weight total lanes and The quarter These move second we through to reduced monthly empty we not in to Similar contributed last what year positively prior to challenging truckload-rated as tonnage the changes year-over-year in spot costs. and as linehaul due levels the we per reductions last customer tonnage
However, some weight experience per year-over-year we in LTL-rated shipment. further did reductions
through improve as met efforts pricing price acceptable consistent throughout deals to increases with yield customer our were base, the management our price we including on from actions secured quarter. Our negotiated solid contract deferred increases in the success
in currently Though place. the as pricing competitive, remains a rational environment always, and good is LTL
that solid benefit established initiative foundation of that continue in first we price from pricing space-based to We was the August implemented with XXXX.
loadability We compensated Throughout where to careful those handle our services. many we is believe our proper continue to cargo ability and of for result space-based pricing, offer are services And these more care a the network, us Asset-Based is essential in as shipments distinguishes we appropriately marketplace. very important.
order market. adequate our we to quarter retained an as Asset-Based a were resources additional of business maintain service labor tight elevated and preserve during workforce customers labor in in the levels labor relative to midst levels the to costs recent some somewhat for
In over The which shipment metrics to impacted addition, while costs. higher profile these productivity, shipment of decreased the second during shipment changing the pieces contributed year. average of per quarter, combination increased number LTL weight last per
financial resources We a service the more customers and to customer combination Asset-Based benefits order continue our to positively results. achieve proper our in between evaluate to balance labor cost-efficient contributes that and
marketplace decline our and lower-cost customers shipment capacity of a last levels prices abundance to impacting basis, available business declined our shipment shipment. reason revenue services and excess The quarter the is for same significant we lower On demand The year, Asset-Light record in revenue to on charge expedite in them. in second especially the options Asset-Light capacity for the fewer reduction our business. Compared our to year-over-year last has results. impacted expedite the the revenue average due for ArcBest primary the year's to period is truckload relative Asset-Light
total Though below Asset-Light we in have experienced load counts are of truckload growth portion last shipment Asset-Light some brokerage segment. year, the our
the shipments meaningfully However, revenue that levels top thus on business. declined, also average and of revenue those line impacting profitability have
prior seek cost-effectively business transport This solutions. allows on offering to identify us positive partner opportunities closely of and and with grow more in to a note, service to managed our customers over success an comparable improve area more as our a find continues transportation to manner. to more periods levels On in cost-effective to customers continue goods, that and execute we efficiently their is
effectively We resources utilization that in while continue to our specific a our customer of improving their Asset-Based meets have to way owned cover success loads capacity in using needs, assets.
As Asset-Light in relative the we effect declined what we oversupply rates compared through and operating the the manage to charge to capacity pay marketplace impact income we're of for year. on our customers, has last to its able
experienced they far us believe assured making the owner improving fleet operator these long-term These so the quarter, and our size, average enable by capacity consistently customers. strategic We we've owner contract to our dependable, our solidify year to solutions including equipment growth future and provide partnerships. carrier are over During us we important in for Asset-Light investments second initiatives count this overall to operator are benefiting X%. as continued
income mix the discussion last customer second and statistics. the quarter. and now Event results compared in a earnings revenue quarter. was Variations that of changes last FleetNet drove And in to pricing Cobb with it to over David at operating growth year's year's I'll the turn business comparable and increase to contributed in associated for same levels operating