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ArcBest Increases Dividend; ABF Freight Raises Rates

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The board of directors of ArcBest Corp. of Fort Smith said Friday that the company is increasing its quarterly cash dividend from 3 cents per share to 6 cents per share.

For the current quarter, the board declared a quarterly cash dividend of 6 cents per share to common stock sharesholders of record on Nov. 7. The dividend is payable on Nov. 21.

The trucking and logistics firm (Nasdaq: ARCB) also said Friday that its largest subsidiary, ABF Freight Inc., is raising its general rates and charges effective Nov. 3.

The company said the rates will increase by about 5.4 percent. The effect on specific lanes and shipments will vary.

New rates will be available to customers through ABF.com on or before Nov. 3, the company said.

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