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Business

Kenworth to Cut Wash. Production, Lay Off 400

Kenworth Truck Co. will scale back most of its truck production at its Renton, Wash., plant and lay off more than 400 workers as sales slump, the Seattle Post-Intelligencer reported Saturday.

November 17, 2008
Business

UPS Will Not Forecast Peak Shipping Day

UPS Inc.

In a switch from previous years, UPS Inc. will not forecast a peak day for holiday shipping this year because the slowing U.S. economy is making such a prediction too difficult, Bloomberg reported Monday.

November 17, 2008
Business

Industrial Production Rises 1.3% in October

U.S. industrial production rose 1.3% in October, the Federal Reserve said Monday.

November 17, 2008
Business, Government

N.Y. ‘Empire State’ Manufacturing Index Contracts Sharply

Manufacturing growth in New York state contracted this month at the fastest pace on record, the Federal Reserve Bank of New York said Monday.

November 17, 2008
Government, Business, Safety

DHL to End U.S. Parcel Service After 5 Years, Nearly $10 Bln.

Deutsche Post, owner of DHL Express, said it would close the parcel carrier’s U.S. operations after an unsuccessful five-year, $10 billion attempt to crack into a $61.1 billion market dominated by UPS Inc. and FedEx Corp.

November 17, 2008
Business, Safety, Government, Logistics

Scam Artists Hit Brokers, Fleets

Logistics executive Paul Lueck, a 27-year veteran of the transportation business, thought he’d seen it all before the silver-tongued con man from what turned out to be a fictitious Jonesboro, Ark., trucking company came calling last summer.

November 17, 2008
Business, Fuel, Logistics

TT Logistics 50: Shippers, Carriers Seek Solutions to Logistics Challenges

Logistics companies face significant new challenges as both shippers and carriers look for ways to cope with financial turmoil, volatile fuel costs and slumping demand for goods and services.

November 17, 2008
Government, Business, Safety, Fuel

Diesel Hits 14-Month Low

The U.S. average retail diesel price dropped 14.4 cents to $2.944 a gallon last week, falling below $3 for the first time in 14 months, and is expected to drop even further next year, the U.S. Department of Energy said.

November 17, 2008
Business

FedEx Boosting 2009 Rates 5.9%

Tom Biery/Trans Pixs

FedEx Corp. said Friday it will raise its 2009 ground delivery rates by an average of 5.9%, starting Jan. 5.

November 14, 2008
Business, Safety, Government

Engineering Cited in Minn. Bridge Failure

Last year’s Interstate-35W highway bridge collapse in Minneapolis, the worst such accident in 25 years, was caused by an engineering flaw and the load on its deck, Bloomberg reported, citing U.S. safety investigators.

November 14, 2008

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