Transportation

FedEx Predicts Increase in Holiday Deliveries

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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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.
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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.
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ArcBest Increases Dividend; ABF Freight Raises Rates

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. 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 >

New Terminal Opens at Manila Airport

City officials have opened a new terminal at the Manila Municipal Airport in northeast Arkansas after a year of construction. read more >

Development Paused at Interchange as Conway Mulls Annexation

Although the Conway Corridor project was first touted as a way to encourage more retail and office development, Conway city planners are exploring options that would allow them to limit development along the new corridor. read more >

NLR Tire Center Leads Quartet of Pulaski County Million-Dollar Deals

A tire center project in North Little Rock, two big homes in Little Rock and a motel in Jacksonville have joined the seven-digit club. read more >

The Mind of an Entrepreneur (Mitch Bettis Publisher's Note)

On Oct. 24, Arkansas Business, in partnership with the College of Business at the University of Arkansas at Little Rock, is hosting another Power Breakfast executive panel. read more >

Jonesboro Building Bus Transfer Station

The city of Jonesboro is using a $1.1 million federal grant to build an approximately 2,000-SF bus transfer station. The project will house buses for the Jonesboro Economic Transit System, a lobby for customers and administrative offices, said Jonesboro Mayor Harold Perrin. read more >

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