Arkansas Best Corp. reported a fourth-quarter loss and said it cut about 18% of its workforce, or about 1,100 jobs, in the quarter.
January 29, 2009Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
House Approves Stimulus Bill With Only $30 Bln. for Roads
The House of Representatives last week approved an $819 billion package of spending and tax cuts aimed at boosting the economy, but with less spending on such projects as roads and bridges than some key legislators wanted.
February 2, 2009YRC Loses Almost $1 Bln. In ’08 as LTLs Struggle
Less-than-truckload carriers in the fourth quarter were hammered by sagging tonnage and fiercely competitive pricing, several of the largest publicly traded LTLs said last week.
February 2, 2009Exxon Mobil Sets New Earnings Record for a U.S. Company
Oil giant Exxon Mobil Corp. Friday reported a 2008 profit of $45.2 billion, breaking its own record for a U.S. company, although its fourth-quarter earnings fell 33% from a year ago, the Associated Press reported.
January 30, 2009Fourth-Quarter GDP Declines 3.8%
The U.S. economy contracted 3.8% in the fourth quarter, the biggest drop since 1982, though it grew for the year, the Commerce Department said Friday.
January 30, 2009Consumer Confidence Improves in January
U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s final monthly consumer sentiment index released Friday.
January 30, 2009Chicago Manufacturing Index Declines
Manufacturing activity in the Chicago region contracted in January for a fourth straight month, the National Association of Purchasing Management said Wednesday.
January 30, 2009NAFTA Surface Trade Falls 13.8% in November
Surface trade among the United States, Canada and Mexico fell 13.8% in November from a year earlier, the Department of Transportation said Thursday.
January 29, 2009New 91ÊÓÆµ Sales Fall 15% to Lowest Level on Record
December new home sales fell to the lowest level on record, the Commerce Department said Thursday.
January 29, 2009Durable Goods Fall for Fifth Month
Durable goods orders fell for a fifth straight month in December, the Commerce Department said Thursday.
January 29, 2009Trending
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