Tire maker Michelin & Cie. said its first-quarter revenue rose 28%, led by surging demand in truck tires and a general economic rebound, Bloomberg reported.
April 22, 2011Search
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Oil Finishes Week Over $112; Obama Administration to Probe Speculation
Oil finished the trading week over $112 a barrel and the Obama administration will examine the role of traders and speculators in oil markets and their contribution to high fuel prices, Bloomberg reported.
April 22, 2011Intermodal Traffic Grows 9.8% for Week
Intermodal traffic increased 9.8% last week from a year ago, the Association of American Railroads reported.
April 22, 2011Leading Economic Indicators Grow 0.4%
An index of leading economic indicators rose 0.4% in March, the ninth straight monthly increase, the New York-based Conference Board said Thursday.
April 21, 2011Philadelphia Manufacturing Index Slows
Manufacturing activity in the Philadelphia region slowed this month but showed expansion, the Federal Reserve Bank of Philadelphia said Thursday.
April 21, 2011USA Truck’s First-Quarter Loss Narrows
USA Truck reported a first-quarter loss of $2.7 million, or 26 cents per share, compared with a loss of $3 million, or 24 cents, a year ago.
April 21, 2011Jobless Claims Drop for Week
Initial jobless claims decreased by 13,000 last week, the Labor Department reported Thursday.
April 21, 2011Qualcomm’s 2Q Profit Grows
Qualcomm Inc.’s profit gained 29% in the second quarter, it said.
April 21, 2011Rush Enterprises’ Income More Than Triples
Rush Enterprises’ first-quarter profit more than tripled from a year ago on higher truck sales.
April 21, 2011Forward Air’s 1Q Income More than Doubles
Forward Air Corp.’s first-quarter net income rose to $7.9 million, or 27 cents a share, from $3.4 million, or 12 cents, a year ago.
April 21, 2011