Tag: Transportation

Hunt Execs Take Home Bucks

The five executive officers at J.B. Hunt Transport Services Inc. of Lowell each received bonuses of more than $100,000 for the 2002 fiscal year.

Costa Rica Refined

Ariel Lovelace, CEO of Lovelace N.A. of Fort Smith, is leaving for Costa Rica on April 7 to sign a contract to build 14 refineries in that country.

Young Hasn?t Seen Freight Demand Uptick

Robert Young III, president and CEO of Arkansas Best Corp., recently told a group of University of Arkansas students that no sign of a potential uptick in the economy has materialized yet in the trucking industry.

Magazine Names Hunt Among Best Trainers

J.B. Hunt Transport Services Inc. was in March named among the ?Training Top 100,? as determined each year by Training magazine.

Diesel Prices Hit Eight-year High

Truckers were paying more for diesel in late February than any other time during the last nine years.

No-stick P.A.M. Talk

Rampant speculation that Tontitown?s P.A.M. Transportation Systems Inc. is trying to buyout Cannon Express Inc. doesn?t add up.

Alice in Plunder-land

If Cannon did give way to a buyout, its primary stockholders would stand to make substantially less than even a year ago.

P.A.M. to Buy McNeill Trucking

P.A.M. Transportation Services Inc. of Tontitown on Feb. 19 said it had signed a ?non-binding letter of intent? to acquire for cash certain assets of McNeill Trucking Co. of Little Rock.

XNA Up 17.9 Percent As Continental Adds Flights

The Northwest Arkansas Regional Airport will be back up to 45 flights per day in May when Continental Airlines adds two flights to New Jersey.

Cost Reductions Enabled by Tightening of Driver Pay

USA Truck Inc. of Van Buren said operating revenue, before a fuel surcharge, rose 9.7 percent to $67.3 million for the quarter ended Dec. 31, compared with $61.4 million for the same quarter of 2001.

Stubblefield Goes Out On A High Note For ABF

Arkansas Best Corp. on Jan. 21 reported a surge in net income for the fourth quarter ended Dec. 31, although the Fort Smith company fell just short of analysts? estimates in its fourth-quarter earnings.

Pinnacle Air Plans Buy of Springdale Service

Pinnacle Air Group, LLC has signed a tentative multi-million-dollar agreement to purchase Springdale Air Service Inc. and take over the fixed-base operation at the Springdale Airport terminal.

McKee Foods Tops Biggest Deals List

McKee Foods Corp.’s 180,000-SF expansion of its Little Debbie Snacks plant in Gentry tops the list of the region’s biggest deals of 2002.

Motorcycles? Mystique Puts White Collars in Black Leather

Like that six-pack rediscovered in the garage, the Harley-Davidson motorcycle is once again cool.

Hunts Rolling in the Dough

Most of Arkansas? wealthiest seem to be recovering from 2001 down year, as eight of the 10 families on Arkansas Business? 2001 list saw an increase.

Feds Take Over XNA Screening

Federal security personnel are taking over airport security screenings nationwide.

J.B. Hunt Transport Services Inc.

J.B. Hunt Transport Services Inc. moved from “negative” to ?stable? in a revised outlook from Standard & Poor Ratings Services.

P.A.M. Transportation Services Inc.

P.A.M. Transportation Services Inc. on Nov. 1 reported net income of $3.9 million or earnings per share of 35 cents for the quarter ended Sept. 30.

Arkansas Best Corp. Earnings Up

Arkansas Best Corp.’s rise in third-quarter earnings may be credited to the demise of rival Consolidated Freightways.

Cannon Express Inc. Expects to Lose $12 Million

On Oct. 1, Cannon Express Inc. said that it expects its net loss before income taxes to widen to about $12 million for fiscal 2002 from $8.4 million in fiscal 2001.

Dan Wright re-elected Arkansas Farm Bureau president

Arkansas Tourism Ticker: Tourism tax numbers down through August, job numbers up

Acres.com, ULI NWA establish partnership

Connections: Yellow Rocket Concepts hosts gift card fundraiser