Transportation

Car-Mart Uses GPS To Improve ‘Efficiency'

Car-Mart Uses GPS To Improve ‘Efficiency'
Car-Mart CEO Hank Henderson said the company's investment in GPS devices has cost about $400,000 that quarter. It's too soon to tell how much in savings the technology has generated, either by making it easier to repossess the car or helping the company work out adjusted payments with the buyer.

Car-Mart announced in its quarterly earnings report in August that it had invested in the GPS technology and the devices were now in about 67 percent of the cars it had sold. It should be no shocking news flash that many car buyers at dealerships such as Car-Mart have little credit or not the best of credit and thus are considered high risk.
read more >

CEO Dan Cushman Shares 'Secret' on Turning Around PAM Transport

Dan Cushman became CEO of PAM Transport in 2009 after the company had reported nearly $19 million in annual losses in 2008. During the past three years, PAM entered positive territory, earning $5.91 million in 2013, and it's headed to another profitable year in 2014.
read more >

J.B. Hunt's Kirk Thompson Appointed to Rand Logistics Board of Directors

Kirk Thompson, chairman of the board at J.B. Hunt Transport Services Inc. of Lowell, has been appointed to the board of directors at Rand Logistics Inc. of New York City.
read more >

Market Update

DOW 17,828.24 +0.49
NASDAQ 4791.63 +4.312
S&P 500 2067.56 -5.27
Enter a stock symbol

Mortgage Calculator

Enter Desired Loan Amount $
Interest Rate
Years
Your monthly payment is: $

More Transportation News

No Daily Report, Morning Report or E-newsletters on Thursday, Friday

Arkansas Business will not send the Daily Report, Morning Report or weekly industry e-newsletters on Thursday and Friday in recognition of the Thanksgiving holiday. read more >

US Economy Grew at 3.9 Percent Rate in 3Q

The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest six months of growth in more than a decade. read more >

North Carolina Likely To Join Legislative Push on Uber, Lyft

North Carolina has become an attractive market for smartphone-based car services such as Uber and Lyft, which are drawn to the state's mid-sized cities that have college students and young professionals but lack extensive mass transit. It's also one of many states where little regulation exists outside of traditional cab and limo services. read more >

EPA Delays Decision on Ethanol in Gas

The Obama administration said Friday it is delaying a decision on whether to reduce the amount of ethanol in the nation's fuel supply. read more >

NWA's 'Vendorville' Lets Down Guard as Millennials Blend In

Cameron Smith, whose efforts to place women on corporate boards of directors was the subject of a front-page story last week, says it's not always easy persuading denizens of New York and Silicon Valley to move to Vendorville, the Bentonville-Rogers-Springdale-Fayetteville metroplex that's home to 1,390 suppliers to Wal-Mart Stores Inc. read more >

USA Truck Adds 2 to Dedicated Freight Team

USA Truck Inc. of Van Buren names Greg Lutes vice president and general manager of the company's dedicated freight team. read more >

DRA Investing $3.7M in Delta Projects

The DRA estimates the eight Arkansas investments can help create and retain 1,050 local jobs for local residents. The projects include water and sewer improvements for the Big River Steel project in Osceola. read more >

GWI to Acquire Pinsley Shortline Rail in Arkansas

Genesee & Wyoming Inc. (GWI) has reached an agreement with Pinsly Railroad Co. to acquire Pinsly's subsidiaries in Arkansas for $40 million, GWI announced Thursday. read more >

Transit's River Rail Marks 10th Anniversary

The Central Arkansas Transit Authority is preparing to mark the tenth anniversary of its River Rail electric streetcar service during a daylong celebration. read more >

Lawyer: Tracy Morgan Still Recovering from Brain Injury

Tracy Morgan is fighting to recover from a severe brain injury suffered in a highway crash more than five months ago, and it's unknown if the actor-comedian will be "the Tracy Morgan he once was," his lawyer said Tuesday. read more >

More Transportation News>