IdleAire Inc., which provided stationary power for trucks to use at truck stops in lieu of idling, is ceasing operations Friday because it was unable to find a buyer for its assets, the Knoxville (Tenn.) News-Sentinel reported.
January 29, 2010Business, Government, Safety
Trailer Shipments Dive 44%, End 2009 at 24-Year Low
U.S. factory shipments of commercial trailers plunged 44% in 2009 from the previous year to 80,415 units, the lowest total since 1975, as dry van shipments fell to the lowest level since 1961, ACT Research Co. reported.
February 1, 2010Business, Government, Fuel
Diesel Declines 3.7¢ to $2.833
The U.S. retail diesel average price fell 3.7 cents a gallon to $2.833 last week, the largest one-week decline since July, the Department of Energy reported.
February 1, 2010Government
Fourth-Quarter GDP Grows at Fastest Pace in Six Years
The U.S. economy expanded at a 5.7% annual rate in the fourth quarter of last year, the fastest pace since the third quarter of 2003, the Commerce Department said Friday.
January 29, 2010Government, Business, Safety, Technology
IdleAire Ceasing Operations
Government, Business
Winter Storm Hits Highways in Okla., Southeast
A winter storm heading eastward across Tennessee into the Carolinas Friday is causing havoc on roads due to ice and snow, news services reported.
January 29, 2010Business, Safety, Government
NAFTA Surface Trade Decline Slows
The decline in surface transportation trade among the United States, Canada and Mexico slowed in November from a year ago compared with October figures, the Department of Transportation said Thursday.
January 28, 2010Business, Government
Arkansas Best Reports 4Q Loss
Arkansas Best Corp. said Thursday it lost $88.7 million, or $3.54 per share, in the fourth quarter, compared with a loss of $11 million, or 44 cents, a year earlier.
January 28, 2010Government, Business
Ford Posts First Annual Profit in Four Years
Ford Motor Co. said Thursday it posted its first profit in four year, earning $2.7 billion and ending three straight annual losses.
January 28, 2010Business, Government
Durable Goods Orders Rise in December
Durable goods orders increased in December, the Commerce Department said Thursday.
January 28, 2010Government, Business, Logistics
Kansas City Southern’s 4Q Profit Falls
Kansas City Southern said Thursday it earned $32 million, 33 cents a share, in its fourth quarter, compared with $36.4 million, or 40 cents, the previous year.
January 28, 2010