Supply Chain

  • Former Timken exec joins Dana Aug 18, 2008

    Jacqueline A. Dedo, the former head of Timken Co.’s automotive division, has joined Dana Holding Corp., Toledo, Ohio, as vice president of strategy and business development.

  • Chrysler’s plan to shut minivan plant irks UAW Aug 18, 2008

    United Auto Workers union officials plan to target Chrysler LLC’s plans to close its minivan plant in St. Louis as an issue when the nation’s automakers come before Congress next month seeking a multibillion dollar bailout, union sources said.

  • Steel processor workers may vote to decertify USW Aug 18, 2008

    Workers at Worthington Steel Co. in Porter, Ind., have filed a petition with the National Labor Relations Board (NLRB) to get rid of the United Steelworkers union.

  • Main Steel Polishing installs new equipment Aug 15, 2008

    Main Steel Polishing Co. Inc. has installed new equipment at its Bartlett, Ill., facility to boost the capacity of its coil polish line and plate buff lines.

  • Gibraltar net surges 69% in 2d qtr. Aug 08, 2008

    Gibraltar Industries Inc. reported net income of $20.1 million during the second quarter, a rise of nearly 69 percent from $11.9 million in the same period last year.

  • Freight broker launches new unit Aug 08, 2008

    Freight brokerage company Con-way Inc., Ann Arbor, Mich., has launched a new service, Con-way Multimodal, to offer expanded brokerage services in the third-party logistics and multimodal freight transportation business.

  • Dimming view leads Tower to halve jobs at Miss. plant Aug 08, 2008

    Auto parts supplier Tower Automotive LLC plans to lay off more than half the work force at its Meridian, Miss., plant, according to a Mississippi county official.

  • Canadian steel fabricator sees building market growth Aug 08, 2008

    The top executive of Canam Group Inc., a Saint-Georges, Quebec-based construction product manufacturer, was upbeat on the company’s market prospects through the end of this year.

  • Auto crisis, higher steel costs hurt Tenneco 2d-qtr. earnings Aug 01, 2008

    Vehicle parts supplier Tenneco Inc.’s earnings fell a staggering 68.3 percent in the second quarter on production cutbacks in North America and in part because of higher costs for raw materials, including steel.

  • Aero, energy boost Carpenter’s net Aug 01, 2008

    Strong aerospace and energy sales helped Carpenter Technology Corp. post record earnings in its fiscal year, although quarterly results declined.

  • Lear profits slide 85.2% on US auto turmoil Jul 31, 2008

    Automotive seating and electronics supplier Lear Corp. has posted a 85.2-percent decline in second-quarter net income, blaming the poor showing on higher costs, lower vehicle production in North America and the prolonged strike earlier this year at Detroit-based American Axle & Manufacturing Holdings Inc.

  • Olympic upbeat, cautious as record results logged Jul 31, 2008

    Although Cleveland-based distributor and processor Olympic Steel Inc. reported record second-quarter and first-half earnings and sales results, and the company’s outlook remains favorable going forward, it is also cautious amid uncertainty surrounding the general economic environment, according to Michael D. Siegal, chairman and chief executive officer.

  • Ladish upbeat despite 42% drop in 2d-qtr. net income Jul 30, 2008

    A 4.7-percent sales increase in the second quarter wasn’t enough to offset higher costs for Ladish Co.

  • Bushwick-Koons expanding into Pottstown Jul 29, 2008

    Bushwick-Koons Steel, Parker Ford, Pa., has leased a 120,000-square-foot warehouse in Pottstown, Pa., with plans to expand inventory and equipment.

  • Peabody Energy buys bigger stake in Australia coal mine Jul 29, 2008

    Peabody Energy Corp., St. Louis, is acquiring 15 percent more of the Millennium Mine in Queensland, Australia, and intends to acquire the remaining 0.5-percent ownership of the coal mine in the near future.

  • Federal-Mogul net jumps on record sales Jul 29, 2008

    Fresh out of bankruptcy protection and under the control of billionaire investor Carl Icahn, auto parts supplier Federal-Mogul Corp. posted second-quarter net income of $89.6 million, up from just $3.9 million in the same period last year on sales that climbed 13.1 percent to a record $2 billion.

  • Higher coal prices, demand boost Arch’s 2d-qtr. earnings Jul 29, 2008

    Arch Coal Inc., St. Louis, posted record earnings during the second quarter, citing increased pricing and demand.

  • Foundation’s 2d-qtr. net loss widens despite rise in sales Jul 29, 2008

    Bad geological conditions and transportation problems pushed Foundation Coal Holdings Inc. deeper into the red in the second quarter.

  • Record shipments boost Alpha’s net Jul 29, 2008

    Record metallurgical coal shipments helped Alpha Natural Resources Inc., Abingdon, Va., report record earnings in the second quarter.

  • ICG swings into profitability in qtr. on higher sales, tags Jul 25, 2008

    Improved sales and prices helped International Coal Group Inc. (ICG) escape red ink in the second quarter.

  • Ball’s earnings drop 5.6% in 2d qtr. Jul 25, 2008

    Packaging maker Ball Corp., Broomfield, Colo., saw its second-quarter earnings dip 5.6 percent on higher costs and weaker volumes in its Americas & Asia metal beverage packaging unit.

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