{"url_path":"/sec/arcb/8-k/2026-07-16/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/894405/0001104659-26-084248-index.html","accession_number":"0001104659-26-084248","cik":"0000894405","ticker":"ARCB","issuer_name":"ARCBEST CORP /TX/","edgar_url":"https://www.sec.gov/Archives/edgar/data/894405/0001104659-26-084248-index.html","primary_entity_key":"0000894405","primary_entity_name":"ARCBEST CORP /DE/"},"word_count":703,"has_tables":true,"body_markdown":"**Item 8.01 Other Events.**\n\n​\n\nOn July 16, 2026, ArcBest Corporation (the “Company”) announced a restructuring plan (the “Plan”) designed to realign its operating structure, reduce costs, simplify its go-to-market brand architecture, and better position the Company for long-term growth and profitability.\n\n​\n\n**Summary of Actions**\n\n​\n\nThe Plan includes the following actions:\n\n​\n\n●**Workforce Reduction**: Upon completion of the Plan, the Company expects to have reduced its workforce by approximately 2% of total positions across multiple functions and geographies. The reductions include employee separations, the elimination of certain open positions, and the non-replacement of certain positions vacated through retirements and other attrition.\n\n​\n\n●**Brand Consolidation**: Effective August 1, 2026, MoLo Solutions, Panther Premium Logistics and ArcBest Technologies will operate under the ArcBest® brand, reflecting ArcBest’s position as an integrated logistics provider. In connection with this transition, the Company will retire the MoLo® brand for truckload brokerage and the Panther® brand for ground expedite services. The Company will continue to operate its asset-based, less-than-truckload operations under the ABF Freight® brand and its moving services operations under the U-Pack® brand.\n\n​\n\n●**Facility Consolidations**: The Company intends to close ten ABF Freight service centers in smaller markets and consolidate their operations into other facilities within the affected regions. The locations subject to closure represent approximately 1% of the total doors in the ABF Freight service center network. Following the planned closures, the Company's total door count is expected to remain approximately 8% above 2021 levels. The consolidations constitute a change of operations under the National Master Freight Agreement (the “NMFA”) with the International Brotherhood of Teamsters and are subject to approval by the joint union-management Change of Operations Committee pursuant to the terms of the NMFA.\n\n​\n\n●**Discontinuation of Product Offering**: The Company will discontinue the Vaux Freight Movement System and focus its Vaux® operations on the Vaux Smart Autonomy product line.\n\n​\n\n**Financial Impact and Estimates**\n\n​\n\nThe Company estimates that the Plan will result in aggregate cash charges of approximately $6.0 million to $7.0 million, expected to be incurred primarily in the third quarter of 2026, and aggregate non-cash impairments of approximately $76.5 million, which the Company expects to recognize in its financial results for the second quarter of 2026. The estimated charges and impairments include:\n\n​\n\n●Approximately $5.5 million to $6.0 million of cash charges consisting primarily of one-time termination benefits, including severance and other customary employee benefit payments associated with the workforce reduction.\n\n​\n\n●A non-cash impairment of approximately $25.7 million (or approximately $19.4 million, after tax) to write off the remaining carrying value of the Panther® trade name.\n\n​\n\n●A non-cash impairment of approximately $50.8 million (or approximately $38.2 million, after tax) related to equipment and other assets associated with the Vaux Freight Movement System, together with estimated cash charges of approximately $0.5 million to $1.0 million related to disposal activities.\n\n​\n\nThe Plan is expected to result in approximately $40 million of annualized run-rate cash savings. These anticipated savings support, but are not incremental to, the Company's previously communicated 2028 Investor Day financial targets available via the press release entitled “*ArcBest Highlights Strategic Pillars and Long-Term Financial Targets at 2025 Investor Day*” which can be found on the Company's website: arcb.com. The Plan advances the Company's\n\n​\n\nbroader initiatives to accelerate profitable growth, increase efficiency, and create a more seamless customer experience, including by consolidating certain functions and reducing or eliminating investment in lower-priority areas.\n\n​\n\nThe Company may incur additional costs or charges in connection with the Plan that are not currently contemplated. The estimated charges that the Company expects to incur in connection with the Plan and the anticipated annualized run-rate cash savings are estimates and subject to a number of assumptions and actual results may differ materially.\n\n​\n\n**Other Impairment Charge**\n\n​\n\nSeparately from the Plan-related impairments described above, the Company expects to recognize a non-cash impairment of approximately $8.8 million (or approximately $6.7 million, after tax) in its financial results for the second quarter of 2026. The impairment relates to a right-of-use asset and leasehold improvements associated with leased office space within the Company’s Asset-Light operating segment and is based on the expected terms of a sublease for a portion of the office space.\n\n​"}