J.B. Hunt Transport Services said Thursday its board approved increasing its quarterly cash dividend by a penny, to 11 cents per share.
February 5, 2009Business
Hub Group’s Fourth-Quarter Profit Declines
Intermodal firm Hub Group Inc.’s fourth-quarter net income fell 20% to $14.2 million, or 38 cents a share, from $18 million, or 47 cents, a year ago.
February 5, 2009GovernmentBusinessSafety
Postal Services Reports $384 Million Loss
The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.
February 5, 2009BusinessSafetyGovernment
DOT ‘TIGER’ Team to Coordinate Role in Recovery Plan
The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.
February 5, 2009Business
Wal-Mart’s January Sales Rise
Wal-Mart Stores said Thursday its same-store sales rose 2.1% in January, besting analysts’ and the company’s forecasts, the Associated Press reported.
February 5, 2009GovernmentBusinessSafety
Fourth-Quarter Productivity Rises 3.2%
Fourth-quarter U.S. worker productivity increased at a 3.2% annual rate, the Labor Department said Thursday.
February 5, 2009Business
Jobless Claims Jump to 26-Year High
Initial jobless claims rose last week to a 26-year high, the Labor Department said Thursday.
February 5, 2009Business
Oil Holds Near $40 Following DOE Inventory Report
Oil remained near $40 a barrel early Thursday after falling 46 cents Wednesday on data that U.S. inventories rose more than forecast last week, Bloomberg reported.
February 5, 2009GovernmentBusinessSafety
Interstate Bakeries Exits Chapter 11
Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.
February 4, 2009BusinessTechnologyEquipmentSafety
Ryder’s Fourth-Quarter Income Declines
Ryder System said Wednesday its fourth-quarter profit fell to $10.6 million, or 19 cents a share, from $71.9 million, or $1.24, a year ago.
February 4, 2009