ArvinMeritor Takes 4Q Loss, Will Sell Auto-Parts Unit

Components supplier ArvinMeritor said its fourth-quarter loss widened and that it plans to sell its automobile parts unit.

Diesel Continues to Slide,
Dropping 13.5¢ to $2.809

Diesel fuel’s national average price continued to slide, falling another 13.5 cents to $2.809 a gallon, the Department of Energy said Monday.

Volvo’s October Truck Sales Decline on Slow Demand

Volvo AB said its worldwide truck sales fell 12% in October as demand in the U.S. and Europe slumped, Bloomberg reported Tuesday.

Producer Price Index Shows Record Drop

Prices paid to U.S. producers fell by the most on record in October, falling 2.8%, the Labor Department said Tuesday.

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.

UPS Will Not Forecast Peak Shipping Day

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.

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.

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.

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.

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.