FedEx Corp. may cut jobs to trim labor costs, and speed retirement of older jets and halt expansion of its FedEx Office printing shops, Bloomberg reported Wednesday.
December 17, 2008Government, Business, Safety
Letters to the Editor: EOBR Mandate; Auto Bridge Loan; Broker Legislation; Medical Certificates
Onboard recording devices are the future. Successful use of these devices . . . does not eliminate cheating on the logs, in spite of anything Joan what’s-her-name thinks. Ask any driver [at a company that uses them].
December 17, 2008Business
Volvo’s Sales Drop 21%; Will Suspend European Production
Volvo AB’s total truck sales fell 21% in November and the company will halt truck production in Europe for up to 25 days in the first quarter due to canceled orders, Bloomberg reported Tuesday.
December 16, 2008Government, Business, Safety
Fed Cuts Rate to Record Low ‘Target Range’ of Zero to 0.25%
The Federal Reserve Tuesday cut the key U.S. interest rate to a “target range” of zero to 0.25%, a record low.
December 16, 2008Fuel, Business, Logistics, Government
Diesel Falls 9.3¢ to $2.422
Diesel fuel’s national average price fell 9.3 cents to $2.422 a gallon, while gasoline’s decline slowed, the Energy Department said Monday.
December 16, 2008Business, Fuel, Government
CPI Falls by Record 1.7% in November
Consumer prices fell in November by a record 1.7%, led by steep declines in energy, the Labor Department said Tuesday.
December 16, 2008Business, Government
UPS Speeds Some LTL Shipments
UPS Freight said Monday it has set faster less-than-truckload shipping times between central Illinois and points throughout the country.
December 15, 2008Business
Daimler Delivers LNG Trucks To Port, Intermodal Carrier
LONG BEACH, Calif. — Executives of Daimler Trucks North America celebrated the official delivery of its first production-model heavy-duty trucks powered by liquefied natural gas here last week at the busiest port complex in North America.
December 15, 2008Business
US 1 Buys Majority Stake in Drayage Firm
US 1 Industries said it has agreed to acquire 60% of intermodal drayage company ARL Inc.
December 15, 2008Business
MAN Buys Volkswagen’s Brazilian Truck Operations
German truck maker MAN AG will acquire the Brazilian truck and bus operations of Volkswagen AG, which is MAN’s largest shareholder, for an undisclosed sum, Bloomberg reported Monday.
December 15, 2008