ArcBest innovation chief to retire in December

Michael Newcity, chief innovation officer and president of ArcBest Applied sciences, will retire in December 2024 after greater than 30 years with the delivery and logistics firm. His time with ArcBest included working as chief monetary officer and chief info officer.

Dennis Anderson, the corporate’s chief technique officer, will take over the innovation officer position whereas retaining his current job.

Newcity, who might be 55 when he retires, has labored as ArcBest’s chief innovation officer since 2015. Based on ArcBest, Newcity has been instrumental in advancing enterprise initiatives in enterprise intelligence, technique administration and digital transformation. He joined the corporate in 1993 as a programmer and rose by way of varied administration roles, together with chief monetary officer and chief info officer earlier than his innovation and know-how position.

“Michael has made important contributions to ArcBest in his time with our firm. His artistic spirit and forward-thinking strategy have been useful as ArcBest remodeled into a number one logistics firm,” Judy McReynolds, ArcBest chairman and CEO, stated in a press release. “Regardless of a quickly altering surroundings, Michael has saved ArcBest at the vanguard of know-how, from operationalizing the usage of AI and superior analytics to overseeing the event and commercialization of disruptive applied sciences like Vaux, our groundbreaking, patented freight motion system. I thank Michael for his service to our firm and need him, his spouse and their household the easiest.”

ArcBest famous that beneath Newcity, the corporate “reimagined” its use of know-how and make it “an integral pillar” of the corporate’s enterprise technique.

“I’m so lucky to have spent over 30 years at ArcBest. That is an unbelievable group, filled with people who find themselves creative, sensible and pushed to disrupt our business and supply our clients with options that rework their provide chains,” Newcity stated. “It has been an honor to function chief innovation officer of ArcBest and president of ArcBest Applied sciences. I’ve been really blessed to work with Judy and the whole ArcBest group.”

Anderson, 44, joined ArcBest 21 years in the past as a pricing analyst and progressed by way of the group transferring into strategic planning, turning into chief buyer officer in 2020 and most not too long ago working as chief technique officer.

“It has been a privilege to collaborate carefully with Michael and his group for years, discovering methods to higher serve our clients’ evolving wants. I’m excited to construct upon the highly effective basis they established and proceed driving development, effectivity and innovation at ArcBest,” stated Anderson.

ArcBest has round 15,000 staff at 250 areas. ABF Freight, the biggest subsidiary, is a less-than-truckload provider. On Feb. 6, the corporate reported a full-year web earnings of $195.433 million, down 34.4% in contrast with $298.209 million in 2022. Income in 2023 totaled $4.427 billion, down 12% in contrast with $5.029 billion in 2022. Web earnings within the first half of 2024 totaled $44.612 million, properly beneath the $111.726 million in the identical interval of 2023. Income within the first half was $2.114 billion, just under the $2.209 billion in the identical interval of 2023.

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