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.
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.
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.