ArcBest Corp. to Purchase Land for New Corporate Facility
ArcBest Corporation (Nasdaq: ARCB) has announced that it is under contract to purchase 40 acres of land at Chaffee Crossing, Fort Smith, Ark., for construction of a new corporate headquarters facility.
ArcBest, a provider of transportation and logistics solutions, noted that it “has exceeded the capacity at its current location.”
ArcBest has previously announced its goal to grow total corporate revenue to $3 billion by the end of 2015, with $1 billion coming from its emerging businesses.
In 2013, revenue grew 11 percent to $2.3 billion. The company’s anticipated growth, combined with space enabled by the new facility, supports the creation of 975 new jobs in Fort Smith through 2021.
Category: Featured, General Update
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