Transportation Archive

Bank Branch Count in Arkansas Dwindles After Mergers

by Gwen Moritz 11/3/2014 12:00 am

After reaching a peak of 1,513 in mid-2008, Arkansas' branch network had fallen to 1,388 as of this year's summary of deposits, which was released on Sept. 29. A net reduction of 54 branches happened in the 12 months that ended June 30.

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

by Marty Cook 10/29/2014 08:53 am

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

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

by Arkansas Business Staff 10/27/2014 12:00 am

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.

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

by Jan Cottingham 10/27/2014 12:00 am

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

Signs Show Way to Arkansas Wine Industry

by Marty Cook 10/27/2014 12:00 am

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.

ArcBest Increases Dividend; ABF Freight Raises Rates

by Arkansas Business Staff 10/24/2014 03:46 pm

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.

Arkansas Unemployment Rate Falls to 6.2 Percent in September

by Lee Hogan 10/21/2014 09:25 am

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.

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

by Arkansas Business Staff 10/20/2014 09:28 am

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

16 Arkansas Public School Superintendent Jobs Top $200,000

by Gwen Moritz 10/20/2014 12:00 am

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.

Top College Officials See Sizable Pay Raises

by Mark Friedman 10/20/2014 12:00 am

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.

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

by Marty Cook 10/16/2014 11:07 am

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.

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

by Lance Turner 10/14/2014 10:41 am

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.

Development Paused at Interchange as Conway Mulls Annexation

by Arkansas Business Staff 10/13/2014 12:00 am

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.

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

by Arkansas Business Staff 10/13/2014 12:00 am

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.

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

by Mitch Bettis 10/13/2014 12:00 am

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.

Jonesboro Building Bus Transfer Station

by Mark Friedman 10/13/2014 12:00 am

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.

Random Rants and Rates (Craig Douglass On Consumers)

by Craig Douglass 10/6/2014 12:00 am

You've seen the arrows in other columns. An “up” arrow for OK, a “down” arrow for not OK. Since these icons have been used elsewhere, I have long thought they were the province of others. No longer. There really is no good reason why I can't employ a similar device as an efficient way to comment on, and perhaps rant about, a number of random consumer-related influences. So, here goes.

Report: Northwest Arkansas Job Growth Ahead of Peers

by Marty Cook 10/3/2014 08:02 am

Northwest Arkansas job growth easily beat its peer regions, the state and the nation this past year, according to a report released Thursday by the University of Arkansas.

Transportation Leaders Discuss Present, Future Issues of Industry

by Lee Hogan 9/30/2014 12:47 pm

Several transportation industry leaders gathered at Philander Smith College on Tuesday for a panel discussion on transportation, technology and logistics.

Car Rental Zipcar Getting Tryout at University of Arkansas

by Marty Cook 9/29/2014 12:00 am

The University of Arkansas is trying an on-campus rental-car program again. Zipcar launched Sept. 20 on the Fayetteville campus and announced that two cars — a Ford Escape and a Ford Focus — are available for hourly or daily use for Zipcar members.