Salvatore A. Abbate net worth and biography

Salvatore Abbate Biography and Net Worth

Director of ArcBest

Salvatore A. Abbate has been a Director of ArcBest since January 2023. Mr. Abbate is Chief Executive Officer and a member of the Board of Directors of Veritiv Corporation. Based in Atlanta, GA, Veritiv is a Fortune 500® company and a leading North American business-to-business distribution solutions company. Previously, Mr. Abbate served as Chief Operating Officer for Veritiv from January 2020 until September 2020 and as Senior Vice President and Chief Commercial Officer for Veritiv from April 2018 until December 2019.

Prior to that, Mr. Abbate served as Senior Vice President, Chief Sales & Marketing Officer for Andersen Windows & Doors, Inc. Prior to that, Mr. Abbate served as Vice-President, Global Sales and Marketing for the performance films division of Solutia, Inc., a performance materials and specialty chemical provider which is now part of the Eastman Chemical Company. Mr. Abbate began his career at Armstrong World Industries, where he spent 15 years in all three of their business units in various roles including sales, marketing, manufacturing, and process improvements.

Mr. Abbate serves as a member on both the Nominating Corporate Governance Committee and Compensation Committee.

Mr. Abbate is a member of the board of directors for the Metro Atlanta Chamber of Commerce and serves on the Executive Committee. Mr. Abbate has a Bachelor of Industrial Engineering from the Georgia Institute of Technology, and an MBA from Northwestern University.

What is Salvatore A. Abbate's net worth?: The estimated net worth of Salvatore A. Abbate is at least $260,318.00 as of August 12th, 2024. Mr. Abbate owns 3,650 shares of ArcBest stock worth more than $260,318 as of March 28th. This net worth estimate does not reflect any other investments that Mr. Abbate may own. Learn More about Salvatore A. Abbate's net worth.
How do I contact Salvatore A. Abbate?: The corporate mailing address for Mr. Abbate and other ArcBest executives is 8401 McClure Drive, FORT SMITH AR, 72916. ArcBest can also be reached via phone at (479) 785-6000 and via email at invrel@arcb.com. Learn More on Salvatore A. Abbate's contact information.
Has Salvatore A. Abbate been buying or selling shares of ArcBest?: Salvatore A. Abbate has not been actively trading shares of ArcBest within the last three months. Most recently, on Monday, August 12th, Salvatore A. Abbate bought 1,000 shares of ArcBest stock. The stock was acquired at an average cost of $103.93 per share, with a total value of $103,930.00. Following the completion of the transaction, the director now directly owns 3,650 shares of the company's stock, valued at $379,344.50. Learn More on Salvatore A. Abbate's trading history.
Who are ArcBest's active insiders?: ArcBest's insider roster includes Salvatore Abbate (Director), Dennis Anderson, II (Insider), John Beasley (CFO), David Cobb (CFO), Lawrence Ellison (CTO), Erin Gattis (Insider), Stephen Gorman (Director), Michael Hogan (Director), James Ingram (COO), Michael Johns (VP), Daniel Loe (Insider), Kathleen McElligott (Director), Judy McReynolds (Chairman & CEO), Michael Newcity (SVP), Craig Philip (Director), Seth Runser (Insider), Steven Spinner (Director), Janice Stipp (Director), and Timothy Thorne (Insider). Learn More on ArcBest's active insiders.
Are insiders buying or selling shares of ArcBest?: In the last year, ArcBest insiders bought shares 2 times. They purchased a total of 1,700 shares worth more than $156,353.00. In the last year, insiders at the transportation company sold shares 2 times. They sold a total of 14,343 shares worth more than $1,688,074.80. The most recent insider tranaction occured on March, 13th when CFO John Matthew Beasley bought 700 shares worth more than $52,423.00. Insiders at ArcBest own 1.3% of the company. Learn More about insider trades at ArcBest.
Information on this page was last updated on 3/13/2025.

Salvatore A. Abbate Insider Trading History at ArcBest

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
8/12/2024	Buy	1,000	$103.93	$103,930.00	3,650

Salvatore A. Abbate Buying and Selling Activity at ArcBest

ArcBest Company Overview

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products. The segment also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The Asset-Light segment provides ground expedite services; third-party transportation brokerage services by sourcing various capacity solutions, including dry van over-the-road, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; less-than- and full container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to do-it-yourself' consumer, as well as provides final mile, time critical, product launch, retail logistics, supply chain optimization, and trade show shipping services. This segment also offers premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; international freight transportation with air, ocean, and ground services; and engages in the final mile, time-critical, product launch, retail logistics, supply chain optimization, brokered LTL, and trade show shipping activities. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.

Today's Range

Now: $71.32

$70.70

$73.14

50 Day Range

MA: $85.70

$71.66

$100.25

2 Week Range

Now: $71.32

$68.83

$153.60

Volume

62,584 shs

Average Volume

307,738 shs

Market Capitalization

$1.65 billion

P/E Ratio

9.73

Dividend Yield

0.65%

Beta

1.54