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Motley Fool

Why ArcBest Stock Is Soaring Today

A Canadian transportation and logistics specialist disclosed an investment in U.S. trucking company ArcBest (NASDAQ: ARCB), and some investors are betting it is a precursor to a buyout. Shares of ArcBest jumped as much as 20% on Tuesday morning after the stake was disclosed. ArcBest specializes in truckload and less-than-truckload freight transport, logistics, and brokerage operations, with a focus on the central United States.

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