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ArcBest reported fourth-quarter adjusted earnings per share of $2.79 Tuesday before the market opened. The result was 52 cents ahead of consensus expectations and nearly three times higher than the year-ago level.

The company's asset-based unit, which includes less-than-truckload operations, reported another mid-80s operating ratio.

Revenue increased 23.3% year-over-year to $684 million as tonnage per day was up 5.1% with revenue per hundredweight, or yield, surging 17.3%. LTL yields increased by a double-digit percentage excluding fuel. Weight per shipment was up 3.5% (+1.1% on LTL shipments).

The company will host a call at 9:30 a.m Tuesday with analysts to discuss results. Stay tuned to FreightWaves for more earnings coverage of ArcBest.

Table: ArcBest's key performance indicators

The FREIGHTWAVES TOP 500 For-Hire Carriers list includes ArcBest (No. 26).

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This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.