FedEx Corp. reported it lost $876 million in its fiscal fourth quarter, due largely to one-time charges totaling $1.2 billion.
June 17, 2009Business
FedEx Reports $876 Million 4Q Loss
Business, Technology, Equipment, Safety
UPS Launches Web-Based Parts Fulfillment System
UPS Inc. has launched a new Web-based system that it says will allow companies to more easily manage parts inventory and order and ship parts.
June 17, 2009Fuel, Business
Oil Falls After Inventory Report
Oil fell to $69.38 a barrel in trading Wednesday after the Department of Energy announced that fuel inventories rose last week, Bloomberg reported.
June 17, 2009Business, Government
Consumer Price Index Increases 0.1%
The consumer price index gained 0.1% in May and declined over the past year by the biggest amount since 1950, the Labor Department said Wednesday.
June 17, 2009Business, Safety, Technology, Equipment
Ryder to Manage Mexican Distribution for Mazda
Ryder System said that it has agreed to manage auto parts distribution in Mexico for Mazda North American Operations.
June 17, 2009Business
Industrial Production Falls 1.1%
Industrial production fell 1.1% in May, the 16th decline in 17th months, the Federal Reserve said Tuesday.
June 17, 2009Government, Business, Safety, Fuel
FMC Asks Court to Dismiss its SoCal Ports Suit
The Federal Maritime Commission said Tuesday it is asking a federal court to dismiss FMC’s legal challenge to the Ports of Los Angeles and Long Beach, Calif., over the sister ports’ clean-trucks plans.
June 16, 2009Business, Technology, Equipment, Safety, Logistics
Ryder Reaches Pallet Logistics Deal
Ryder System said that it has reached an agreement with Intelligent Global Pooling Systems to manage the flow of plastic pallets.
June 16, 2009Fuel, Business, Logistics, Government
Diesel Rises 7.4¢ to $2.572 a Gallon
The national average price of diesel fuel rose 7.4 cents to $2.572 a gallon, its sixth straight weekly increase, the Department of Energy said.
June 16, 2009Business
I-40 Reopens in Tennessee
Tennessee officials have reopened a section of Interstate 40 through Knoxville after reconstruction efforts closed the highway for more than a year, the Knoxville News-Sentinel reported.
June 16, 2009