GREENEVILLE, Tenn. — Forward Air Corp., which provides air freight services to cargo carriers and airlines, reported Monday that its fourth-quarter profit plunged nearly 23 percent as its sales fell 4.4 percent.
NEW YORK — YRC Worldwide, one of the country’s largest trucking companies, on Friday posted an operating loss for the fourth-quarter because of the weak economy and internal financial struggles.
Weakness in Western energy-producing states helped raise the average U.S. county’s economic stress in December to its highest point since the recession began in December 2007, according to The Associated Press’ monthly analysis of conditions in more than 3,100 U.S. counties.
NASHVILLE, Ind. — Intermodal transport gained market share against trucks in the fourth quarter of 2009, reaching a new high in the process, a recent analysis by FTR Associates shows. Intermodal’s share of U.S. long-haul (550+ mile) movements of international and domestic containerized freight was estimated to be 13.3% in the fourth quarter, up 0.2% from the third quarter and slightly above the previous high-water mark achieved in Q4 2008. The analysis is contained in the February issue of FTR’s Intermodal Monthly Update.
NASHVILLE, Ind. — FTR Associates has released preliminary data showing January 2010 Class 8 truck total net orders for all major North American OEM’s were 6,221 units, the lowest level since July 2002.
WASHINGTON — In an effort to create more jobs, President Barack Obama will ask Congress to temporarily expand two lending programs for the owners of small businesses, an administration official said Friday.