RESTRUCTURING CHARGES

6 Months Ended

Jun. 30, 2017

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES AND IMPAIRMENT

NOTE K – RESTRUCTURING CHARGES

On November 3, 2016, the Company announced its plan to implement a new corporate structure to better serve its customers. The new corporate structure unified the Company’s sales, pricing, customer service, marketing, and capacity sourcing functions effective January 1, 2017, and allows the Company to operate as one logistics provider under the ArcBest brand. As a result of the restructuring, the Company recorded $0.4 million and $2.0 million of restructuring charges in operating expenses during the three and six months ended June 30, 2017, respectively, primarily for employee-related costs.

The Company estimates it will incur restructuring charges of approximately $1.0 million during the remainder of 2017 primarily for employee-related costs associated with the plan announced during 2016.