Initial Jobless Claims Rise 10,000 for Week
Initial jobless claims increased by 10,000 to 418,000 last week, the Labor Department said Thursday.
July 21, 2011Union Pacific’s 2Q Income Rises 10%
Freight rail line Union Pacific Corp. said Thursday its second-quarter profit rose 10% from a year ago on higher volume despite severe flooding in the Midwest.
July 21, 2011Werner’s Second-Quarter Earnings Rise 31%
Werner Enterprises’ second-quarter earnings jumped 31% despite sluggish freight demand in the first two months of the quarter, the truckload carrier said Wednesday.
July 20, 2011Forward Air’s 2Q Income Jumps
Forward Air Corp. said late Wednesday its second-quarter profit jumped to $12 million, or 40 cents a share, from $7.9 million, or 27 cents, a year ago.
July 20, 2011Dynamex CEO James Welch Leaving Company
James Welch, CEO of parcel carrier Dynamex Inc., has left the firm, parent company TransForce Inc. said in a statement.
July 20, 2011Court Rules Against Port of Long Beach’s Clean Trucks Plan
A federal district court judge has ruled that the Port of Long Beach violated California environmental law when it altered its clean trucks program without first performing a required environmental review, the Long Beach Press-Telegram reported.
July 20, 2011YRC Worldwide Sets 6.9% Rate Increase
YRC Worldwide became the fourth less-than-truckload carrier this month to set a general rate increase of an average 6.9%.
July 20, 2011Existing Home Sales Fall to Seven-Month Low
Existing home sales fell 0.8% in June to a seven-month low, the National Association of Realtors said Wednesday.
July 20, 2011‘Gang of Six’ Favors More Highway Spending
A bipartisan group of U.S. senators wants an additional $133 billion in highway funding through 2021 as part of its $3.7 trillion plan of tax increases and spending cuts, Bloomberg reported.
July 20, 2011Marten’s Second-Quarter Profit Improves
Marten Transport’s second-quarter profit rose 20.1% on improved performance in its truckload and logistics sectors, along with higher fuel surcharge revenue.
July 20, 2011