Transportation Archive

Jobless Rates Down in 3 of 6 Arkansas Metros

by Arkansas Business Staff 2/5/2014 10:28 am

Unemployment rates were down or steady in four of six Arkansas metropolitan areas surveyed by the U.S. Bureau of Labor Statistics, data released Wednesday by the agency revealed.

NWA Location the Perfect Testing Grounds for Fayetteville Startup

by Mark Carter 2/5/2014 10:13 am

VisuaLogistic Technologies is working with the Arkansas Highway & Transportation Department to test roadside sensors that are designed to provide interstate drivers with a traffic warning system.

USA Truck, Knight Transportation End Takeover Battle, Lawsuit

by Lance Turner 2/4/2014 05:18 pm

Knight Transportation Inc. of Phoenix and USA Truck Inc. of Van Buren have called off their legal battle, and Knight has ended its takeover bid for the company, launched in September.

J.B. Hunt Raises Dividend 33 Percent

by Arkansas Business Staff 2/4/2014 11:06 am

J.B. Hunt Transport Services Inc. of Lowell announces a regular quarterly dividend of 20 cents per share, up 33 percent from its previous quarterly dividend of 15 per share.

Update: Bruce Oakley Buys Johnston's Port 33 in Oklahoma

by Gwen Moritz 2/3/2014 11:07 am

Bruce Oakley Inc., the $1 billion revenue transportation company headquartered in North Little Rock, strikes a deal to buy the largest private terminal operator on the Arkansas River in Oklahoma.

USA Truck Founder Robert Powell Sells Company Stake

by Marty Cook 2/3/2014 10:04 am

Former USA Truck founder and CEO Robert Powell sold his stake of nearly 1 million shares in the Van Buren company.

Arkansas Utilities Benefit From Wind Energy Subsidies

by Luke Jones 2/3/2014 12:00 am

Wind energy generation is on the rise in the states surrounding Arkansas, and the renewable resource is seeing more use from some of the state's utility companies.

Fayetteville Firm Develops Traffic Warning System

by Mark Carter 2/3/2014 12:00 am

It took getting rear-ended by a big rig in an early morning, rush-hour traffic jam on I-540 in northwest Arkansas for the VisuaLogistic Technologies light bulb to flick on in Brett Schaefer's head.

Brett Schaefer's 5 Tips for Startup Success

by Mark Carter 2/3/2014 12:00 am

VisuaLogistic Technologies founder and CEO Brett Schaefer shares his five tips for startup success.

Arkansas Best Rebounds From Full-Year, Quarterly Losses

by Lance Turner 1/30/2014 08:15 am

Arkansas Best Corp. of Fort Smith on Thursday reported results showing the trucking and logistics services company back in the black for the fourth quarter and the full year.

Arkansas Jobless Rate Falls to 7.4 Percent

by Mark Carter 1/28/2014 09:12 am

The unemployment rate in Arkansas dropped one-tenth of a percentage point to 7.4 percent in December, according to the Arkansas Department of Workforce Services.

Bean Lumber Bankruptcy Blamed On Scam

by Mark Friedman 1/27/2014 12:00 am

Almost four years ago, Willy Andreas “Andy” Kirsch, the director of Malteco Business Consulting Group Inc. of Irving, Texas, offered to invest $10 million in Bean Lumber Co. of Glenwood in exchange for 25 percent ownership of the company. All Bean Lumber had to do was pay $125,000 to Malteco before it received the $10 million.

Get Tickets Now for 26th Arkansas Business of the Year Awards Banquet

by Arkansas Business Staff 1/23/2014 10:41 am

Tickets are available now for the 26th Annual Arkansas Business of the Year Awards banquet, which honors the state's most outstanding businesses, nonprofit organizations and executives.

J.B. Hunt 4Q Profit Up 9 Percent to $92M

by Lance Turner 1/23/2014 08:21 am

J.B. Hunt Transport Services Inc. reports record fourth-quarter net earnings of $92 million, or 77 cents diluted earnings per share, up from net earnings of $84 million, or 70 cents per share.

$100 Million-Plus Deals Dominate Biggest Deals of 2013 List

by Gwen Moritz 1/20/2014 12:00 am

The number of high-value mergers and acquisitions in Arkansas — those believed to be worth $9 million or more — dropped in 2013 to 73 compared with 80 in 2012. But the number of really high-value deals — those worth $100 million or more — jumped from 14 in 2012 to 26 in 2013.

Historic Preservation Programs Keeping Track of New Railroad Infrastructure

by Arkansas Business Staff 1/20/2014 12:00 am

Part of a federal program installing positive train control — wireless communication poles along the country's passenger and hazardous cargo rail routes — has to stay on track with historic preservation efforts in Arkansas.

Retail, Transport Among Central Arkansas' Strengths in Economic Recovery

by Arkansas Business Staff 1/13/2014 12:00 am

Metroplan recently released its latest “Metro Trends: Economic Review and Outlook” report, in which the agency examines the region's rate of economic recovery four years after the official end of the Great Recession in June 2009.

After Auction, P.A.M. Stays in Buyback Mode

by Marty Cook 1/13/2014 12:00 am

The company has completed a monthlong “Dutch auction” in which P.A.M. agreed to buy 675,000 outstanding shares of its stock for $20.50 per share. The outlay of $13.8 million won't slow the company down, CFO Allen West says.

New Life For Immigration Reform (Editorial)

by Arkansas Business Editors 1/13/2014 12:00 am

Immigration reform — starting with the Dream Act, designed to help children brought into the country illegally to become legal residents — is one area in which there is broad popular approval, Americans in the main not being inclined to punish children for their parents' sins. What's more, it has the backing of traditional GOP supporters. Last week, for instance, the U.S Chamber of Commerce put the issue on its list of New Year's resolutions.

Ralph Hall Named Deputy Director, Chief Engineer of AHTD

by Arkansas Business Staff 1/9/2014 10:22 am

The Arkansas State Highway and Transportation Department says Ralph Hall has been promoted to Deputy Director and Chief Engineer.