Fourth-Quarter GDP Declines 3.8%
The U.S. economy contracted 3.8% in the fourth quarter, the biggest drop since 1982, though it grew for the year, the Commerce Department said Friday.
January 30, 2009QuickBooks for Trucking: Connecting QuickBooks to Your TMS
Learn how Truckbase connects QuickBooks for trucking and your TMS to help you marry your trucking-specific data in your TMS with your financial data in QuickBooks.
J.B. Hunt’s Fourth-Quarter Income Declines
Truckload carrier J.B. Hunt Transport Services said Thursday its fourth-quarter net income fell to $53.3 million, or 41 cents a share, from $54.3 million, or 42 cents, a year ago.
January 30, 2009Consumer Confidence Improves in January
U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s final monthly consumer sentiment index released Friday.
January 30, 2009Chicago Manufacturing Index Declines
Manufacturing activity in the Chicago region contracted in January for a fourth straight month, the National Association of Purchasing Management said Wednesday.
January 30, 2009Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Jan. 24 from a year ago, the Association of American Railroads said.
January 29, 2009Velocity Express Reports 2Q Loss
Velocity Express Corp. reported it lost $9.1 million, or $3.36 a share, in its fiscal second quarter, compared with a loss of $8.9 million, or $3.82, a year earlier.
January 29, 2009NAFTA Surface Trade Falls 13.8% in November
Surface trade among the United States, Canada and Mexico fell 13.8% in November from a year earlier, the Department of Transportation said Thursday.
January 29, 2009ODFL’s Fourth-Quarter Income Declines
Old Dominion Freight Line said its fourth-quarter net income fell 29.7% to $11 million, or 30 cents a share, from $15.7 million, or 42 cents, a year ago.
January 29, 2009Continuing Jobless Claims Hit Record High
Continuing jobless claims reached a new record during the week ended Jan. 17, the Labor Department said Thursday.
January 29, 2009House Stimulus Measure Contains Little for Infrastructure
Only about 5% of the $819 billion stimulus package passed by the House Wednesday is dedicated to infrastructure such as highway, mass transit and rail projects, the Boston Globe reported.
January 29, 2009