Business
Business, Safety, Government

Swift Reports Lower 4Q Earnings; Full-Year Profit Rises

Truckload carrier Swift Transportation Co. said late Wednesday its fourth-quarter profit fell from a year earlier due to a “soft freight environment.”

Transport Topics
January 25, 2007
Business, Logistics

Existing Home Sales Drop in December

Existing home sales fell 0.8% in December and purchases for the year fell by the most since 1989, the National Association of Realtors said Thursday.

Transport Topics
January 25, 2007
Business, Autonomous

USA Truck’s Fourth-Quarter Earnings Plunge on Lower Tonnage

Truckload carrier USA Truck on Thursday reported its fourth-quarter profit plunged to $1.2 million or 11 cents a share, from $4.3 million or 37 cents a year earlier, on lower tonnage and demand.

Transport Topics
January 25, 2007
Business, Logistics

Union Pacific’s Income, Revenue Jump for 4Q, Full Year

Western freight railroad Union Pacific Corp. said Thursday its fourth-quarter profit jumped to $485 million or $1.78 a share, from $296 million or $1.10 cents for the same quarter a year earlier.

Transport Topics
January 25, 2007
Business, Government, Safety

Ford Posts Big Losses for Fourth Quarter, Full Year

Ford Motor Co. lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the No. 2 U.S. automaker’s s loss for the year to $12.7 billion, the largest in its 103-year history, the Associated Press reported.

Transport Topics
January 25, 2007
Business

Initial Jobless Claims Rise by 36,000 for Week

First-time U.S. jobless claims rose by 36,000 last week to 325,000, the Labor Department said Thursday.

Transport Topics
January 25, 2007
Business

Qualcomm’s Fiscal First-Quarter Earnings Improve

Wireless-services provider Qualcomm Inc. said late Wednesday its fiscal first-quarter profit rose to $648 million or 38 cents a share, up from $620 million or 36 cents a year earlier.

Transport Topics
January 25, 2007
Business, Safety, Government

Knight Reports Record Fourth-Quarter, ’06 Income, Revenue

Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.

Transport Topics
January 24, 2007
Business

Celadon’s Fiscal Second-Quarter Earnings Rise

Truckload carrier Celadon Group said late Wednesday it earned $6.1 million or 26 cents a share in its fiscal second quarter ended Dec. 31, up from $4.8 million or 21 cents in the same quarter a year earlier.

Transport Topics
January 24, 2007
Business, Government

Arkansas Best Corp.’s Fourth-Quarter, Full-Year Income Decline

Arkansas Best Corp.’s fourth-quarter net income fell to $14.2 million or 56 cents a share, from $30.2 million or $1.20 a year earlier, the company said Wednesday.

Transport Topics
January 24, 2007

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