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ArcBest Faces Revenue Decline Amid Market Challenges

ArcBest ( (ARCB) ) just unveiled an update. ArcBest’s recent financial update reveals a challenging landscape marked by a decrease in billed revenue and shipments due to weak industrial production and a shift in LTL shipments to the truckload market. Despite these hurdles, LTL pricing remains stable, and revenue per hundredweight is slightly up excluding fuel surcharges. The asset-light segment faces reduced demand and softer freight market conditions, leading to an anticipated operating loss. A

Private Equity Stocks Are Hot Among Family Offices — Here Are 2 Names That Wall Street Likes

Love them or loathe them, the ultrawealthy share one undeniable trait: they are remarkably disciplined with their money. The novelist Herman Wouk put it best, in his book Don’t Stop the Carnival, saying of the wealthy Lester Atlas, “He acted on a clear hard rule: never part unnecessarily with a dollar.” Today’s high-net-worth individuals live by that principle, often relying on family offices –specialized private money management firms – to safeguard and grow their wealth. These family offices s