ArcBest : 3Q'23 Investor Presentation

Investor Presentation

3Q'23

Forward Looking Statements

Certain statements and information in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations. 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. These statements are based on management's beliefs, assumptions, and expectations based on currently available information, are not guarantees of future performance, and involve certain risks and uncertainties (some of which are beyond our control). Although we believe that the expectations reflected in these forward-looking statements are reasonable as and when made, we cannot provide assurance that our expectations will prove to be correct. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in these statements due to a number of factors, including, but not limited to: 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; the effects of a widespread outbreak of an illness or disease, including the COVID-19 pandemic, or any other public health crisis, as well as regulatory measures implemented in response to such events; external events which may adversely affect us or the third parties who provide services for us, for which our business continuity plans may not adequately prepare us, including, but not limited to, acts of war or terrorism, or military conflicts; data privacy breaches, cybersecurity incidents, and/or failures of our information systems, including disruptions or failures of services essential to our operations or upon which our information technology platforms rely; interruption or failure of third-party software or information technology systems or licenses; untimely or ineffective development and implementation of, or failure to realize the potential benefits associated with, new or enhanced technology or processes, including the freight handling pilot test program at ABF Freight and our customer pilot offering of Vaux, including human- centered remote operation software; the loss or reduction of business from large customers; the timing and performance of growth initiatives and the ability to manage our cost structure; the cost, integration, and performance of any recent or future acquisitions, including the acquisition of MoLo Solutions, LLC, and the inability to realize the anticipated benefits of the acquisition within the expected time period or at all; maintaining our corporate reputation and intellectual property rights; nationwide or global disruption in the supply chain resulting in increased volatility in freight volumes; competitive initiatives and pricing pressures; increased prices for and decreased availability of new revenue equipment, decreases in value of used revenue equipment, and higher costs of equipment-related operating expenses such as maintenance, fuel, and related taxes; availability of fuel, 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; relationships with employees, including unions, and our ability to attract, retain, and upskill employees; union employee wages and benefits, including changes in required contributions to multiemployer plans; availability and cost of reliable third-party services; our ability to secure independent owner operators and/or operational or regulatory issues related to our use of their services; litigation or claims asserted against us; governmental regulations; environmental laws and regulations, including emissions-control regulations; default on covenants of financing arrangements and the availability and terms of future financing arrangements; our ability to generate sufficient cash from operations to support significant ongoing capital expenditure requirements and other business initiatives; self-insurance claims and insurance premium costs; potential impairment of goodwill and intangible assets; general economic conditions and related shifts in market demand that impact the performance and needs of industries we serve and/or limit our customers' access to adequate financial resources; increasing costs due to inflation and rising interest rates; seasonal fluctuations, adverse weather conditions, natural disasters, and climate change; and other financial, operational, and legal risks and uncertainties detailed from time to time in ArcBest Corporation's public filings with the Securities and Exchange Commission ("SEC").

For additional information regarding known material factors that could cause our actual results to differ from those expressed in these forward-looking statements, please see our filings with the 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.

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P R O F I L E O F A N I N D U S T R Y L E A D E R

100	#1	>98%	~240	~29K	TOP 15	95K+
Years of	Safety award	Coverage of	Asset-Based	Owned	U.S.	Approved
transportation	winner in the	United States	North American	revenue	Truckload	contract
and logistics	industry		service centers	equipment	Broker	carriers
experience

3

Our 100th

Anniversary:

The Heart of 100

Broad

Suite of Logistics Solutions and Services

Truckload

Expedite &

Time Critical

Final

Mile

Premium		Less-than-
Logistics		Truckload

International		Supply Chain
Air & Ocean		Optimization

Retail		Trade Show
Logistics		Shipping

Managed

Transportation

Product

Launch

Warehousing

5

AN INTEGRATED LOGISTICS COMPANY

Realignment and enhanced market approach under the ArcBest brand in 2017

		Ongoing investment
		in technology and
of	revenue from	equipment
45% logistics in 2022

versus 7% in 2009

Five key logistics

5 acquisitions since 2012

Opportunistic addition of transactional LTL-rated shipments and innovative asset-basedspace-based pricing

Creative problem solvers with
a strong focus on best-in-class
customer experience	6

Strategy in Action

Our strategy is delivering solid results

Revenues ($B)

(Unaudited)(1)

+55%

$5.0

Operating Income ($M)

(Non-GAAP, Unaudited)(1)(2)

+68%

$468

Earnings Per Share

(Non-GAAP, Unaudited)(1)(2)

+122%

$13.52

$4.5

$3.8

$2.9 $2.8 $2.8

$314

$258

$154

$112 $123

$8.40

$4.05

$2.96 $3.28

$9.00

2018	2019	2020	2021	2022	3Q'23
					TTM

2018	2019	2020	2021	2022	3Q'23
					TTM

2018	2019	2020	2021	2022	3Q'23
					TTM

1)	On February 28, 2023, the Company sold FleetNet America, Inc. ("FleetNet"), a wholly owned subsidiary of the Company. Historical results of FleetNet have been excluded from results for all periods presented.	7
2)	See Reconciliations of GAAP to non-GAAP Financial Measures in the Additional Information section of this presentation.

Strategy in Action

Improvement

in Asset-Based

Operating

Ratio(1)

(Non-GAAP)

1. Operating Ratio adjusted for certain unusual items. See Reconciliations of GAAP to non-GAAP Financial Measures in the Additional Information section of this presentation.

97.9%

	96.9%
		93.3%	94.5%	94.2%
							90.6%
					88.8%
						86.4%
2016	2017	2018	2019	2020	2021	2022	3Q'23 TTM
		FREIGHT RECESSION	COVID-19 IMPACTS		FREIGHT RECESSION

730 bps

IMPROVEMENT

Compared to 2016

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At the Center of our Company:

A VALUES-DRIVEN CULTURE

Creativity		Integrity		Collaboration
We create		We do the		We work
solutions		right thing		together

Growth		Excellence		Wellness
We grow our		We exceed		We embrace
people and our		expectations		total health
business

9

2023 Awards

Vaux recognized by Fast Company with an "Innovation By Design" Honorable Mention in the Enterprise category

Named to 2023 Forbes list of America's Best-in-State Employers for 4th consecutive year

#1 Transportation and Logistics Employer in Arkansas

Named to Inbound Logistics' Top 100 3PL and Top 100 Trucker lists

Named to FreightWaves FreightTech 100 list for 4th time

Named a 2023 Inbound Logistics Green Supply Chain Partner (G75) for 12th year

Won the American Trucking

Associations' 2022 Excellence in

Cargo Claims and Loss Prevention Award - the first ten-time winner

Ranked No. 17 on Training magazine's APEX Awards list, our 13th year to be recognized

Awarded five	Earned third
Quest for	EcoVadis
Quality awards	Bronze medal
by readers of
Logistics
Management

Earned the VETS Indexes 4 Star Employer designation