91ÊÓƵ

Hope Seen for Stimulus Package • Fed’s Kelley to Resign at End of Year • Fed Reports Show Factory Sector Struggling • Import Prices Fall 1.6% in November • And more...

he Federal Reserve on Tuesday cut the overnight bank lending rate a quarter-percentage point to 1.75%, the lowest since July 1961, saying economic activity remains soft and that underlying inflation is likely to edge lower from its already modest levels.

FedEx Pilots May Merge With Larger Group • Major Round of Cuts Expected at Ford • Oregon to Use Checkpoints to Enforce Chain Rule • Rep. Shaw Files New Port Security Bill • Manufacturers Upbeat About Second Half in '02 • And more...

Cell Phone Free Minutes Drying Up • @Track Earns an ISO 9001 Registration • Network Connects Shippers, Carriers • And more...

U.S. wholesale inventories declined 1% in October to $294.2 billion, the largest monthly dip since the Commerce Department began keeping track of this data in 1992.

The average price of diesel fuel dipped 2.1 cents per gallon to $1.173 last week, a Department of Energy report released on Monday found.

Samsung Introduces Link to Cell Phone's Future • Pagers Dying As Cell Phone Use Rises • Holiday Boosts Shipping Web Sites • Supply Chain Optimization Just Beginning

The Department of Transportation said last week that the U.S. border with Mexico won’t be opened to Mexican truckers on Jan. 1, as the Bush administration had wanted.

The Department of Transportation acknowledged last week that President Bush’s pledge to open the border by Jan. 1 won’t be met because of requirements placed by Congress.

Vehicle parts maker Delphi Automotive Systems said Monday that due to an expected slowdown in vehicle sales next year, it will cut 1,400 to 1,825 jobs during the fourth quarter, in addition to the 11,500 it previously announced as part of a restructuring program.