J.B. Hunt Transport Services reported record second-quarter earnings, as its net income jumped 26% to $65.7 million, or 53 cents per share.
July 15, 2011Search
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Initial Jobless Claims Fall by 22,000 for Week
Initial jobless claims dropped by 22,000 to 405,000 last week, the lowest level since mid-April, the Labor Department said Thursday.
July 14, 2011DOT Freight Index Rose 1.4% in May
The Department of Transportation said Wednesday its freight transportation services index rose 1.4% in May from a year ago.
July 13, 2011Menlo Worldwide Logistics Expanding Presence in Singapore
Menlo Worldwide Logistics said Tuesday it is expanding its presence in Singapore.
July 13, 2011Imported Goods Prices Fall for First Time in a Year
The price of goods imported to the United States fell 0.5% in June, the first decline in a year, the Labor Department said Wednesday.
July 13, 2011Component Makers Eye Systems to Comply With Looming Truck-Rollover Rule
Two of the biggest truck component makers, Bendix Corp. and Meritor WABCO, are maneuvering over which will benefit more when the Department of Transportation acts to reduce heavy-duty truck rollovers, Bloomberg reported Wednesday.
July 14, 2011U.S. Trade Deficit Hits Highest Level Since 2008
The U.S. trade deficit spiked 15% in May to its highest level since October 2008, the Commerce Department said Tuesday.
July 12, 2011Cummins Boosting Dividend
Diesel engine maker Cummins Inc. said Tuesday it will boost its dividend to 40 cents per share, from 26.25 cents per share, effective Sept. 1.
July 12, 2011Cummins’ CEO Solso to Retire; Linebarger Named Successor
Truck engine maker Cummins Inc. said late Tuesday that Chairman and CEO Tim Solso will retire at the end of the year.
July 13, 2011Greatwide Logistics Names John Tague Its New CEO
Transportation company Greatwide Logistics Services said it has appointed John Tague its new CEO.
July 13, 2011