Arcbest approves a 15% reduction in salaries of all co's named executive officers

Arcbest - management has recommended and compensation committee of board approved a 15% reduction in salaries of all co's named executive officers.arcbest - board approved a 15% reduction in salaries of all named executive officers effective with first pay period in april 2020.arcbest - steps to lower costs include 15% reduction in salaries of officers & nonunion employees.arcbest corp - implemented a hiring freeze to lower costs.arcbest corp - operational changes in abf freight network designed to reduce costs will be made including workforce reductions.arcbest corp - total net capital expenditures for 2020 are now expected to be in a range of $95 million to $105 million.arcbest corp - depreciation and amortization is now estimated to be approximately $110 million in 2020.
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