Arcbest® announces sale of fleetnet america® and increased share repurchase program

Cox automotive, a division of cox enterprises, inc.™, acquires fleetnet america® for $100 million arcbest's board has increased the company's share repurchase program authorization to $125 million fort smith, ark. , feb. 28, 2023 /prnewswire/ -- arcbest® (nasdaq: arcb), a leader in supply chain logistics, has reached an agreement, following a process that began in early 2022, to sell fleetnet america®, a provider of fleet maintenance and repair services, to cox automotive mobility solutions, inc., a division of cox enterprises, inc. "fleetnet has been a valuable part of arcbest, giving us insight and expertise in equipment maintenance and repair.
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