Transportation

ArcBest Increases Dividend; ABF Freight Raises Rates

ArcBest Increases Dividend; ABF Freight Raises Rates
ArcBest Corp. of Fort Smith

The board of directors of ArcBest Corp. of Fort Smith says the company is increasing its quarterly cash dividend from 3 cents per share to 6 cents per share.
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Signs Show Way to Arkansas Wine Industry

When it comes to state expenditures, $26,000 is not a huge outlay. That was the bargain rate for some highway signage Arkansas bought and erected to direct people to the state's wineries.
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FedEx Predicts Increase in Holiday Deliveries

FedEx forecast Wednesday that deliveries between Thanksgiving and Christmas Eve will rise 8.8 percent over last year, to 290 million shipments.
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US Economy Grew at 3.5 Percent Rate in 3Q

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years. read more >

P.A.M. Transportation 3Q Net Income Doubles to $5M

P.A.M. Transportation Services Inc. of Tontitown reported its second consecutive quarter of record earnings per share Tuesday. read more >

Georgia-Pacific Leads List of Largest Forest Products Companies in Arkansas

This year's list of largest forest products companies is little changed from last year. One company, however, ITW Shippers of Fordyce with 143 employees in 2013, fell off the list. It has been sold, according to a company employee, but the company failed to respond to repeated requests for information. read more >

Bioenergy Push Spurs 2 New Wood Pellet Plants in Pine Bluff, Monticello

Europe's increasing emphasis on renewable energy lies behind the announcements this summer that two companies plan to build wood pellet plants in Arkansas. read more >

Arkansas Unemployment Rate Falls to 6.2 Percent in September

Arkansas' unemployment rate dropped one-tenth of a percentage point from August to 6.2 percent in September, according to data released by the state Department of Workforce Services on Tuesday. read more >

UA Study: Well Connected CEOs Can Be Bad for Firms They Lead

A University of Arkansas study suggests that the more socially connected a chief executive officer is, the less success his firm experiences. read more >

16 Arkansas Public School Superintendent Jobs Top $200,000

The list includes 247 current-year superintendents of public school districts and a few charter schools, and it ranks them by the total compensation package — salary plus benefits — paid to the superintendent of that school district in the 2013-14 academic year. read more >

Top College Officials See Sizable Pay Raises

Arkansas Business reviewed the Administrator's Compensation Survey reports filed with the state Department of Higher Education for the 2010 and 2014 fiscal years. In the four-year period, the number of six-figure employees included in the report increased from 460 to 703. read more >

Roy Slagle Retires as CEO of ABF Freight; Tim Thorne to Replace

Roy Slagle retired as CEO and president of ABF Freight System Inc. on Wednesday after 37 years. ABF Freight is the largest subsidiary of ArcBest Corp. of Fort Smith. ArcBest announced Thursday that Tim Thorne would replace Slagle as ABF Freight president. read more >

J.B. Hunt 3Q Net Income Up 14 Percent

J.B. Hunt Transport Services Inc. of Lowell on Tuesday reported third-quarter net income of $102.4 million, or 87 cents per share, up 14 percent from $89.5 million, or 75 cents per share. read more >

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