FORT SMITH, Ark. — Trucking operator Arkansas Best Corp. posted a wider fourth-quarter loss on Thursday as it wrote down the value of assets and its revenue fell amid weak prices for freight shipping. The company also slashed its dividend to 3 cents from 15 cents a share.
NORTH LIBERTY, Iowa — Heartland Express Inc. said Wednesday that profit fell in the fourth quarter as the ongoing recession continued to push down freight demand.
WASHINGTON — The economy grew for a second straight quarter from October through December, posting a better-than-expected 5.7 percent annual rate, the fastest quarterly pace since 2003.
KANSAS CITY, Mo. — Officials at Arrow Truck Sales Inc. have issued a statement to clear up any confusion that might have arisen from the downfall of Arrow Trucking Co. of Tulsa, Okla., which shut down in December.
WASHINGTON — Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 2.9 percent lower in November 2009 than in November 2008, dropping to $58.9 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
WASHINGTON — The number of newly laid-off workers claiming unemployment benefits fell less than expected last week, fresh evidence the job market remains a weak spot in the economic recovery.