Con-way Inc. said late Thursday it lost $1.9 million, or 4 cents a share, in the fourth quarter, compared with a loss of $43 million, or 94 cents, a year earlier.
February 4, 2010Business
Volvo Reports 4Q Loss; Sees Market Growth in 2010
Volvo AB reported a fourth-quarter loss Friday but predicted that economic recovery will expand the market for its trucks, Bloomberg reported.
February 5, 2010Business
Unemployment Rate Falls to 9.7% in January
The U.S. unemployment rate dropped to 9.7% in January, the lowest level since August, the Labor Department said Friday.
February 5, 2010BusinessGovernmentSafety
Judge Rules Against Calif. Trucking Company over Classification
A state judge in Los Angeles has issued a civil judgment against a California trucking company that misclassified its drivers as independent contractors, California Attorney General Edmund Brown Jr. said Thursday.
February 4, 2010BusinessGovernmentSafety
ATA Calls for Curbs on Oil Speculation
American Trucking Associations has joined forces with farmers, manufacturers and consumer groups calling on Congress to more strictly regulate excessive oil speculation.
February 4, 2010BusinessGovernment
Factory Orders Continue to Improve
U.S. factory orders rose 1% in December, marking the eighth gain in nine months, the Commerce Department said Thursday.
February 4, 2010BusinessGovernmentSafety
U.S. Worker Productivity Climbs at 6.2% Rate
U.S. workers’ productivity surged in the fourth quarter to an annual rate of 6.2%, capping the largest one-year gain since 2003, the Labor Department said Thursday.
February 4, 2010GovernmentBusinessSafety
FedEx’s Memphis Hub Remains Busiest Cargo Airport
FedEx Corp.’s Memphis, Tenn., home airport remained the world’s busiest for cargo for the 18th straight year as the gap with Hong Kong widened because of a drop in shipments from Asia, Bloomberg reported Thursday.
February 4, 2010Business
Jobless Claims Increase for Week
Initial jobless claims grew by 8,000 last week, the largest increase in seven weeks, the Labor Department said Thursday.
February 4, 2010BusinessGovernmentEquipment
Cummins, Chrysler Set Contract Extension
Cummins Inc. announced a multi-year extension of its current agreement with Chrysler Group, continuing a partnership that began 21 years ago.
February 4, 2010