Sunday, April 23, 2017
Business
Personal incomes, consumer spending up in December

Personal incomes, consumer spending up in December

WASHINGTON — Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades.

Old Dominion profit slips, but freight levels stabilize in 4Q

Old Dominion profit slips, but freight levels stabilize in 4Q

THOMASVILLE, N.C. — Old Dominion Freight Line Inc. said Thursday its fourth-quarter profit fell, but tonnage on the less-than-truckload carrier declined more slowly -- and even picked up in December.

Arkansas Best loss widens on write-down

Arkansas Best loss widens on write-down

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.

Heartland Express 4Q profit drops, revenue falls

Heartland Express 4Q profit drops, revenue falls

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.

Economy grows at 5.7 pct pace, fastest since 2003

Economy grows at 5.7 pct pace, fastest since 2003

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.

Arrow Truck Sales clears confusion over closing of firm with similar name

Arrow Truck Sales clears confusion over closing of firm with similar name

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.

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