Transportation Archive

Seeds of Truman Arnold Began with Road Runner

by George Waldon 2/23/2015 12:00 am

TAC Air was launched nearly 30 years ago as Road Runner Aviation, a subsidiary of Truman Arnold Cos. ranked by Forbes at No. 215 among the largest private companies in America with more than $2.1 billion in revenue.

Deer, Ducks Present Challenges at Conway's Cantrell Field

by Sean Beherec 2/23/2015 12:00 am

The geography of Conway's new airport does present some challenges, and maintaining a safe airport means considering all obstacles.

Conway Hopes To Lure Business to New Airport at Cantrell Field

by Sean Beherec 2/23/2015 12:00 am

Nearly six months after the opening of the new Conway municipal airport, the facility is already buzzing with activity. The planners behind the project have also set their sights on the next steps to grow its role in the state and attract business.

TAC Air Lands Long-Term Deal at Clinton National Airport

by George Waldon 2/23/2015 12:00 am

TAC Air of Dallas has committed to invest $11 million in capital improvements and more to benefit general aviation and commercial air service at Clinton National Airport in Little Rock.

FedEx Ground Distribution Center in Little Rock to Employ 160

by Mark Carter 2/19/2015 02:24 pm

FedEx Corp. of Memphis broke ground Thursday on a 300,000-SF Ground distribution facility in southwest Little Rock. The publicly traded logistics firm plans to employ about 160 people there.

Turner Grain's Dale Bartlett Claims Ignorance in Company's Collapse

by Mark Friedman 2/16/2015 12:00 am

As his creditors' claims have grown exponentially, Dale C. Bartlett has sworn in bankruptcy court that he had no idea what caused the collapse last summer of Turner Grain Merchandising of Brinkley, the business he co-owned until a year ago.

Sky's the Limit for Simmons First National Acquisitions

by Arkansas Business Staff 2/16/2015 12:00 am

On Jan. 15, the Pine Bluff bank holding company registered a Cessna 560XL with the Federal Aviation Administration.

ABF Freight Remains Unmoved in Relocation

by Arkansas Business Staff 2/16/2015 12:00 am

Last summer, ABF Freight, a subsidiary of ArcBest Corp. of Fort Smith, received a $4 million grant from a Memphis-area economic development group to relocate in Memphis. ArcBest, through affiliate Transport Realty Inc., bought two properties totaling 13.55 acres at the proposed relocation site for about $600,000 in 2014.

Arkansas Carriers Looking for Innovative Ways to Attract Millennials

by Mark Carter 2/13/2015 10:46 am

The Arkansas trucking industry is looking at new ways to attract young drivers, and Startup Weekend organizer Max Farrell of Little Rock, himself a millennial, suggested some ways to do that.

5 to Be Inducted Into Arkansas Agriculture Hall of Fame

by Arkansas Business Staff 2/11/2015 10:42 am

Five Arkansans will be inducted into the Arkansas Agriculture Hall of Fame in a ceremony on March 6, the Arkansas Farm Bureau has announced.

P.A.M. Transportation 4Q Earnings Up 62 Percent

by Lance Turner 2/11/2015 10:00 am

P.A.M. Transportation Services Inc. of Tontitown on Tuesday reported fourth-quarter net income of $2.1 million, up 62 percent from the same quarter last year, to close what its chief executive called a "satisfying year."

USA Truck Swings to Profit in 4Q, Caps 'Transformative' Year

by Arkansas Business Staff 2/11/2015 07:17 am

USA Truck Inc. of Van Buren on Wednesday reported a fourth-quarter profit of $4.2 million, up from a $4.6 million loss in the same quarter last year.

Landers Dealership Properties Add Up to $17.8M (Real Deals)

by George Waldon 2/9/2015 12:00 am

The sale of auto properties in west Little Rock weighed in at a combined $17.8 million. The sale of a 44,337-SF hangar at Clinton National Airport tipped the scales at more than $8.2 million. And a former USA Drug project in west Little Rock is under new ownership after a $1.95 million sale.

Don Weaver of El Paso Elected To Chair National Transportation Nonprofit

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

Don Weaver has been elected chairman of the board of The Road Information Program (TRIP), a national transportation research nonprofit organization based in Washington. He has been a member of TRIP's board of directors since 2004 and was appointed to its executive committee in 2008.

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.

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.