ArcBest Corporation Announces VP - Controller, Chief Accounting Officer

FORT SMITH, Ark., April 24, 2015 /PRNewswire/ -- ArcBest Corporation(SM) (Nasdaq: ARCB), today announced that Traci Sowersby has been named VP – Controller, Chief Accounting Officer effective April 27, 2015, reporting to Chief Financial Officer, David R. Cobb.

"We are very pleased to have Traci join ArcBest in this important role as she brings a great deal of technical expertise and management experience," said ArcBest President and CEO Judy R. McReynolds. "As we continue to better serve our customers across the supply chain, Traci will be instrumental in ensuring our financial reporting continues to live up to the same high expectations that we have for all of our companies and employees, who are known for going above and beyond for customers every day."

Sowersby, a Certified Public Accountant, most recently served as Executive Director with EY in their Phoenix office. She has worked at EY for the last 17 years in various locations and had also previously served in the U.S. Army Reserves. Traci holds a B.S. in Accounting from Indiana UniversityFort Wayne.

"I'm delighted that Traci will be relocating to Fort Smith bringing knowledge and depth to our financial area as a result of her previous experience with public companies and their financial reporting and internal control requirements," said Cobb. "Her addition to the company will facilitate a seamless transition as we continue with our overall growth goals and expand our ability to provide multiple services across the ArcBest companies."

About ArcBest

ArcBest Corporation(SM) (Nasdaq: ARCB) solves complex logistics and transportation challenges. Our companies and brands – ABF Freight(SM), ABF Logistics(SM), Panther Premium Logistics®, FleetNet America®, U-Pack® and ArcBest Technologies – apply the skill and the will with every shipment and supply chain solution, household move or vehicle repair. ArcBest finds a way.

For more information, visit arcb.com, abf.com, pantherpremium.com, fleetnetamerica.com and upack.com. ArcBest Corporation(SM). The Skill & The Will(SM).

Forward-Looking Statements

Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Terms such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "foresee," "intend," "may," "plan," "predict," "project," "scheduled," "should," "would" and similar expressions and the negatives of such terms are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on management's current expectations and beliefs concerning future developments and their potential effect on us. Although management believes that these forward-looking statements are reasonable, as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and management's present expectations or projections. Important factors that could cause our actual results to differ materially from those in the forward-looking statements include, but are not limited to: general economic conditions and related shifts in market demand that impact the performance and needs of industries served by ArcBest Corporation's subsidiaries and/or limit our customers' access to adequate financial resources; unfavorable terms of, or the inability to reach agreement on, future collective bargaining agreements or a workforce stoppage by our employees covered under ABF Freight's collective bargaining agreement; relationships with employees, including unions; union and nonunion employee wages and benefits, including changes in required contributions to multiemployer pension plans; competitive initiatives, pricing pressures, the effect of volatility in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates and the inability to collect fuel surcharges; availability of fuel; default on covenants of financing arrangements and the availability and terms of future financing arrangements; availability and cost of reliable third-party services; disruptions or failures of services essential to the operation of our business or the use of information technology platforms in our business; timing and amount of capital expenditures, increased prices for and decreased availability of new revenue equipment and decreases in value of used revenue equipment; future costs of operating expenses such as maintenance and fuel and related taxes; self-insurance claims and insurance premium costs; governmental regulations and policies, including environmental laws and regulations; potential impairment of goodwill and intangible assets; the impact of our brands and corporate reputation; the cost, timing and performance of growth initiatives; the cost, integration and performance of any future acquisitions; the costs of continuing investments in technology, a failure of our information systems and the impact of cyber incidents; weather conditions; and other financial, operational and legal risks and uncertainties detailed from time to time in ArcBest Corporation's Securities and Exchange Commission public filings. 

For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. 

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Investor Relations Contact: David Humphrey   

Media Contact: Kathy Fieweger

Title: Vice President – Investor Relations                      

Title: Chief Marketing Officer

Phone: 479-785-6200                                                   

Phone: 479-719-4358

Email: dhumphrey@arcb.com                                        

 Email: kfieweger@arcb.com

 

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SOURCE ArcBest Corporation

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