The U.S. economy added 244,000 jobs in April — including 4,500 trucking jobs — but the unemployment rate rose to 9%, the Labor Department said Friday.
May 6, 2011BusinessFuel
Oil Plunges Almost $17 for Week
Oil took its biggest weekly plunge in more than two years this week, falling almost $17 to near $97 a barrel, Bloomberg reported.
May 6, 2011Business
YRC Worldwide’s 1Q Loss Declines
YRC Worldwide Friday reported a first-quarter loss of $102 million, or $2.14 per share, compared with a loss of $274 million, or $13.15 per share, a year ago.
May 6, 2011Business
Contrans Says 1Q Income Slips; Boosts Dividend
Contrans Group said its first-quarter earnings declined, but boosted its dividend and said it saw signs of increased shipping activity.
May 6, 2011Business
Trimac Reports First-Quarter Profit
Trimac Transportation Ltd. reported a first-quarter profit of C$9 million, or 3 Canadian cents per unit, turning around a loss of C$4.1 million, or 31 cents, a year ago.
May 6, 2011BusinessFuel
Oil Tumbles to Below $100 a Barrel
Crude oil tumbled almost $10 to below $100 a barrel Thursday as commodities dropped the most in two years on concern that economic growth will slow, Bloomberg reported.
May 5, 2011Business
Con-way Posts First-Quarter Profit
Con-way Inc. reported a first-quarter profit compared with a loss a year ago, as its less-than-truckload operations improved.
May 5, 2011Business
Roadrunner Reports Higher 1Q Profit
Roadrunner Transportation Systems reported a first-quarter profit of $4.4 million, or 14 cents a share, up from $940,000, or 5 cents, a year ago.
May 5, 2011Business
Quality’s 1Q Income, Revenue Improve
Tank truck carrier Quality Distribution said its first-quarter profit improved on higher revenue led by stronger intermodal and logistics operations.
May 5, 2011Business
Xata Reports Smaller Loss in Fiscal 2Q
Transportation software firm Xata Corp. said it lost $781,000, or 7 cents per share, in its fiscal second quarter, compared with a loss of $2.1 million, or 23 cents, a year earlier.
May 5, 2011