Truckload carrier USA Truck reported a second-quarter loss of $1.1 million, or 11 cents per share, compared with net income of $2.1 million, or 21 cents, a year ago.
July 16, 2009Business
Initial Jobless Claims Fall for Week
Initial jobless claims fell by 47,000 last week to 522,000 from the week before, the Labor Department said Thursday.
July 16, 2009Business
USA Truck Reports 2Q Loss
Business, Fuel
Oil Tops $61 Following DOE Inventory Report
Oil rose by the most in six weeks Wednesday following a Department of Energy report that showed declines in crude stockpiles and a modest uptick in diesel demand, Bloomberg reported.
July 15, 2009Business
Fed Minutes Show Concern on Economy, Tight Credit
Federal Reserve officials judged the economy to be at risk from further shocks when they met last month and kept a key interest rate at an all-time low, according to minutes of the meeting released Wednesday.
July 15, 2009Business, Logistics, Government
Carter Logistics Opens Cross-Dock in Mich.
Third-party logistics firm Carter Logistics said it has opened a new cross-dock facility in Romulus, Mich.
July 15, 2009Business
YRC, Teamsters Reach Tentative Deal on Additional Cost Cuts
YRC Worldwide and the Teamsters union have reached a tentative agreement that would reduce wages another 5% and set other cuts that would save the company about $870 million, while giving the union an option for more company stock.
July 15, 2009Business
J.B. Hunt’s 2Q Income Falls by Half
J.B. Hunt Transport Services’ second-quarter net income fell 52.5% to $24.1 million, or 19 cents per share, from $50.6 million, or 39 cents, a year earlier.
July 15, 2009Business
Heartland Reports Improved 2Q Profit
Truckload carrier Heartland Express said its second-profit rose 2.2% from a year ago.
July 15, 2009Business
Industrial Production Decline Slows in June
Industrial production fell in June at the slowest pace in eight months, the Federal Reserve said Wednesday.
July 15, 2009Business, Government
Consumer Price Index Increases 0.7%
The consumer price index gained 0.7% in June, the biggest jump since July 2008, the Labor Department said Wednesday.
July 15, 2009