ARLINGTON, Va. — The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May’s reduction was revised from 0.6 percent to just 0.1 percent. May and June marked the first back-to-back contractions since March and April 2009. The latest reduction lowered the SA index from 110.1 (2000=100) in May to 108.5 in June.
NEW YORK — Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns about the overall economy and the back-to-school season.
WASHINGTON — Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes.
NEW YORK — In another sign of confidence for the global economy, FedEx Corp. on Monday sharply raised its earnings outlook for its fiscal first quarter and full year.
STOCKHOLM — Swedish truck maker AB Volvo returned to a profit in the second quarter from a loss a year earlier, helped by a gradual pickup in demand and improved productivity, it said Thursday.
GREENEVILLE, Tenn. — Forward Air Corp., which provides air freight services to cargo carriers and airlines, said on Thursday that its second-quarter net income nearly tripled to $7.9 million as shipping volumes and prices rose.