Despite some signs of economic recovery, transportation services activity in most regions declined in the six weeks through mid-October, the Federal Reserve said Wednesday.
October 21, 2009Search
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N.J. Enacts Law on Snow Removal from Vehicles
New Jersey Gov. Jon Corzine (D) signed a law Tuesday that would set fines for vehicles with “dangerous accumulations” of snow or ice on them, though enforcement will not begin for a year, the Associated Press reported.
October 21, 2009C.H. Robinson’s 3Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago.
October 21, 2009Arkansas Best Takes 3Q Loss; CEO Davidson to Step Down
Arkansas Best Corp. said Wednesday it took a third-quarter loss and that Chief Executive Officer Robert Davidson will retire at the end of this year, to be succeeded by Judy McReynolds.
October 21, 2009Hub Group’s Third-Quarter Income Declines
Hub Group Inc. said late Wednesday its third-quarter net income fell to $9.8 million, or 26 cents a share, from $16.9 million, or 45 cents, a year ago.
October 21, 2009Knight’s 3Q Income Declines
Truckload carrier Knight Transportation’s third-quarter profit fell to $13.1 million, or 16 cents a share, compared with $16 million, or 19 cents, a year ago.
October 21, 2009Forward Air’s 3Q Income Declines
Forward Air Corp. said late Wednesday its third-quarter profit fell to $3.8 million, or 13 cents per share, from $12.1 million, or 42 cents, a year ago.
October 21, 2009Oil Closes Above $81 a Barrel
Oil closed at more than $81 a barrel Wednesday for the first time in a year as an inventory report showed that stockpiles are at the highest level since August.
October 21, 2009Housing Starts Rise 0.5% in September
Housing starts rose 0.5% in September, while building permits declined, the Commerce Department said Tuesday.
October 20, 2009Producer Price Index Falls in September
Prices paid to U.S. producers fell 0.6% in September, the Labor Department said Tuesday.
October 20, 2009