Arkansas Best Corp. reported a fourth-quarter loss and said it cut about 18% of its workforce, or about 1,100 jobs, in the quarter.
January 29, 2009BusinessGovernment
New °®¶ą´«Ă˝ Sales Fall 15% to Lowest Level on Record
December new home sales fell to the lowest level on record, the Commerce Department said Thursday.
January 29, 2009BusinessGovernment
Durable Goods Fall for Fifth Month
Durable goods orders fell for a fifth straight month in December, the Commerce Department said Thursday.
January 29, 2009BusinessTechnologyEquipmentSafety
Landstar’s 4Q Income Slips
Truckload carrier Landstar System’s fourth-quarter profit fell to $24.6 million, or 47 cents a share, from $29 million, or 54 cents, a year ago.
January 28, 2009BusinessSafetyGovernment
Knight’s Fourth-Quarter Profit Rises
Truckload carrier Knight Transportation’s fourth-quarter profit rose to $16.1 million, or 19 cents a share, from $13.8 million, or 16 cents, a year ago.
January 28, 2009Business
Post Office Asks to Cut a Delivery Day
The U.S. Postmaster General asked a Senate subcommittee Wednesday to allow the U.S. Postal Service to reduce its six-days-a-week delivery schedule to five days, news services reported.
January 28, 2009Business
Fed Holds Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
January 28, 2009BusinessSafetyGovernmentTechnologyEquipment
Storm System Leaves Icy Roads in Many States
A large storm system stretching from Arkansas into the Northeast has left roads with as much as three inches of ice in many areas, the Associated Press reported Wednesday.
January 28, 2009GovernmentBusinessLogistics
Norfolk Southern’s 4Q Profit Improves
Norfolk Southern Corp. said its fourth-quarter profit rose 13% on higher shipping costs, though its intermodal business declined.
January 28, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson’s 4Q Income Rises
Transportation and third-party logistics firm C.H. Robinson Worldwide said its fourth-quarter profit rose to $88.9 million, or 52 cents a share, from $85.3 million, or 49 cents, a year ago.
January 27, 2009