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A harsh fourth quarter adds to woes, as full fiscal year earnings
are down by 44%. "Record high fuel prices and the weak US economy
dampened volume growth and substantially affected our bottom line,"
claims FedEx Corp.
chairman, president and CEO.
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Volvo Trucks' Hungarian subsidiary, Volvo Hungary Trading and
Services Kft, has signed an agreement for 1,500 trucks with transport
and logistics company Waberer's Optimum Solution.
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Citation Corp. will reduce capacity at its Lufkin, TX, ductile-iron
foundry by the end of September, and will transfer some product lines
from Lufkin to its Brewton, Ala., foundry.
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The 2008 forum will bring together a diverse group of supply chain
partners, policy makers, academics and industry leaders who will
demonstrate and discuss the economic and environmental value of
reusable
packaging.
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continue
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Visit the IndustryWeek
Forums -- an active online community discussing the latest in
manufacturing. The forum is open!
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"It is somewhat disturbing to note that the very countries that
have nationalized resources are among our biggest, 21st century global
market competitors."
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"Maybe the economy has finally hit bottom? My 401K certainly
hopes so, although..."
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Manufacturing Benchmarking Excellence
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Competitive advantage doesn't come from beating your competitor
across town or even across the country, but around the world. More
than
80% of IndustryWeek Best Plants applicants report that they've
benchmarked against companies outside of their own industry from around
the globe.
Find out how the best have achieved across-the-board success with
IndustryWeek's Best Plants Benchmarking Database. Now updated to
version 7.0, download this
free sample report to find out how the best got there.
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Daily News For June 30, 2008 