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, 2009Government, Business
Fourth-Quarter GDP Declines 3.8%
The U.S. economy contracted 3.8% in the fourth quarter, the biggest drop since 1982, though it grew for the year, the Commerce Department said Friday.
January 30, 2009Business, Government
Consumer Confidence Improves in January
U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s final monthly consumer sentiment index released Friday.
January 30, 2009Government, Business, Logistics
Chicago Manufacturing Index Declines
Manufacturing activity in the Chicago region contracted in January for a fourth straight month, the National Association of Purchasing Management said Wednesday.
January 30, 2009Business, Safety, Government
NAFTA Surface Trade Falls 13.8% in November
Surface trade among the United States, Canada and Mexico fell 13.8% in November from a year earlier, the Department of Transportation said Thursday.
January 29, 2009Business, Government
Arkansas Best Takes 4Q Loss
Business, Government
New °®¶¹´«Ã½ 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, 2009Business, Government
Durable Goods Fall for Fifth Month
Durable goods orders fell for a fifth straight month in December, the Commerce Department said Thursday.
January 29, 2009Business, Safety, Government
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, Safety, Government, Technology, Equipment
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, 2009Government, Business, Logistics
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, 2009