Transportation Archive

Labor Force Dropped in Central Arkansas Since 2007

by Arkansas Business Staff 2/9/2015 12:00 am

The labor force fell 1.9 percent in central Arkansas from 2007 to 2014, though the population grew 7.3 percent, according to planning agency Metroplan.

Wal-Mart Driver Loses Bid to Delay Tracy Morgan Crash Lawsuit

by Associated Press 2/4/2015 01:27 pm

A federal judge has ruled against a Wal-Mart driver involved in a crash that killed a comic and severely injured actor-comedian Tracy Morgan and several others.

ArcBest 4Q Profit Up 41 Percent

by Marty Cook 2/4/2015 06:54 am

ArcBest Corp. of Fort Smith on Wednesday reported fourth quarter net income of $14.5 million, up 41 percent from the same time last year.

Spending Your Gasoline Savings (Craig Douglass On Consumers)

by Craig Douglass 2/2/2015 12:00 am

The highest average recorded price of regular gasoline at the pump in Arkansas is $3.97. That pinnacle was reached in July 2008. More important, however, is the fact that only one year ago, the average price was $3.09. And today, the average at-the-pump price of regular is $1.90. There exists in the Arkansas economy today a gas price dividend. And that means weekly consumer savings of at least $15.25. So how are you spending the extra money? Or how should you?

Truckers Seek Higher Fuel Tax

by Marty Cook 2/2/2015 12:00 am

On Jan. 26, a coalition of AAA, the American Trucking Associations and the U.S. Chamber of Commerce sent a letter urging members of the 114th Congress to raise the federal fuel tax rate. Currently, and since 1993, the rate has been 18.4 cents a gallon for gas and 24.4 cents a gallon for diesel.

Mountain Pure Liquidates In $6 Million Transaction (Real Deals)

by George Waldon 2/2/2015 12:00 am

The Arkansas assets of Mountain Pure Water changed hands in a $6 million foreclosure sale. Land for future expansion in North Little Rock weighed in at $1.22 million. And a 2,647-SF bank branch in midtown Little Rock tipped the scales at $1.18 million.

Kathy Deck: 2015 To Be A Transformative Year for Arkansas Economy

by Marty Cook 1/30/2015 04:41 pm

Arkansas' economy is clawing back to its pre-recession level, and Kathy Deck believes 2015 will be a year of transition.

Asa Hutchinson Makes Board, Commission Appointments

by Arkansas Business Staff 1/30/2015 03:18 pm

Gov. Asa Hutchinson on Friday announced the following appointments.

Murphy Oil Net Income Skyrockets in 4Q

by Sean Beherec 1/28/2015 04:06 pm

The El Dorado company reported net income of $375.2 million in the fourth quarter, but even better results — $442 million — from continuing operations.

Robotics Competition Bringing Kids from 11 States and Canada to LR

by Arkansas Business Staff 1/27/2015 11:28 am

Students from across Arkansas and representing 11 states and even Canada will converge on Barton Coliseum in Little Rock March 6-7 for the 2015 Arkansas Rock City Regional FIRST Robotics Competition.

Report: State Jobless Rate Down to 5.7 Percent

by Mark Carter 1/27/2015 09:35 am

Arkansas' unemployment rate fell to 5.7 percent in December, dropping two-tenths of a percentage point from November, according to a report from the state Department of Workforce Services.

Good Luck With That (Gwen Moritz Editor's Note)

by Gwen Moritz 1/26/2015 12:00 am

The news that new vehicles, especially SUVs, are flying off the dealers' lots fills me with mixed emotions. If people were using the fuel savings to replace an older car with a more fuel-efficient model, it could make sense even when fuel prices inevitably rise again.

Stephens Sports Reporter Robbie Neiswanger Moves to Democrat-Gazette

by Arkansas Business Staff 1/26/2015 12:00 am

Neiswanger will replace staff writer Chris Bahn, who shifted beats late last year to cover Wal-Mart when reporter Cyd King moved to Little Rock. King began covering development in downtown Little Rock after the departure of Jack Weatherly last fall.

Central Arkansas Regains Jobs Lost During Recession

by Arkansas Business Staff 1/26/2015 12:00 am

Metroplan last month released its latest “Metro Trends: Economic Review and Outlook,” which examines what it calls “the new economy” in central Arkansas in the aftermath of the Great Recession.

Arkansas' Biggest Deals of 2014 Soar While Value Slips

by Jan Cottingham 1/26/2015 12:00 am

The mergers and acquisitions spigots were opened wide last year in Arkansas. The number of big deals — those valued at $9 million or more — soared 38 percent, increasing to 101 in 2014 compared with 73 in 2013.

How A Trans-Atlantic Investment Scam Ensnared Credit Union President Joyce Judy

by Gwen Moritz 1/26/2015 12:00 am

The following story of how the president of a small credit union in Little Rock was ensnared in an international investment scam was pieced together from depositions and exhibits filed in the North Carolina civil case and from official documents filed in the criminal cases.

J.B. Hunt 4Q Net Income Up 20 Percent

by Marty Cook 1/22/2015 11:24 am

J.B. Hunt Transport Services Inc. of Lowell reported fourth-quarter net income of $110 million, or 93 cents per share, on Thursday.

FedEx Schedules Groundbreaking for Southwest Little Rock Site

by Lance Turner 1/20/2015 09:59 am

FedEx has scheduled a groundbreaking for its new Ground distribution facility in southwest Little Rock.

Agreement Puts Drones Closer to Sky

by Sean Beherec 1/19/2015 12:00 am

A cooperative agreement announced last week between the Federal Aviation Administration and CNN for the company to use unmanned aircraft for news gathering has some operators hopeful for the future.

UA Commissions Study to Develop Transportation, Parking Solutions

by Arkansas Business Staff 1/12/2015 12:08 pm

The University of Arkansas is launching a study of its current and future transportation challenges on campus.