J.B. Hunt Transport Services’ first-quarter net income fell 16% to $30.8 million, or 24 cents per share, from $36.4 million, or 28 cents, a year earlier.
April 14, 2009Search
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Economy Continues to Contract, Fed Says
The U.S. economy continued to decline from the end of February through the beginning of April, affecting transportation industry services and demand, the Federal Reserve said Wednesday.
April 15, 2009Business Inventories Fall 1.3% in February
Business inventories fell 1.3% in February, the sixth consecutive decline, the Commerce Department said Tuesday.
April 14, 2009March Retail Sales Drop 1.1%
Retail sales fell 1.1% in March, the Commerce Department said Tuesday.
April 14, 2009SoCal Ports Facing West Coast Competition
The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009Wabash National Explores Possible Sale
Trailer maker Wabash National Corp. said it is exploring strategic alternatives — including divestitures, changes to its capital structure and a merger or a sale — following a default under a revolving credit agreement.
April 13, 2009Federal Researchers Confirm Claims Single Wide Tires Boost Fuel Economy
Federal researchers said they have confirmed manufacturers’ claims that single wide tires can boost a truck’s fuel economy, but one tire expert said they may not be suitable for every fleet.
April 13, 2009CSX 1Q Profit Falls 27%
Eastern freight railroad CSX Corp. said its per-share profit fell 27% in the first quarter.
April 15, 2009FedEx Removing 14 Jets From Service
FedEx Corp. will permanently remove 14 jets from service as part of an overall plan to reduce capacity and costs and will take a $180 million charge, the Associated Press reported.
April 14, 2009Diesel Price Projected to Rise, DOE Says
Diesel fuel will average $2.23 a gallon this quarter and rise to $2.31 in the third quarter, the Energy Department said.
April 14, 2009