ArcBest® Announces Sale of FleetNet America® and Increased Share Repurchase Program
Cox Automotive, a division of Cox Enterprises, Inc.™, acquires FleetNet America® for $100 millionArcBest's board has increased the company's share repurchase program authorization to $125 millionFORT 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, g
