Eurotunel plans to reduce its freight shuttle service
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Eurotunnel, the French-British group that operates rail traffic under the Channel linking France and Britain, plans to reduce its freight shuttle service by 15 percent from January 1, the company said in a statement.
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For the second time in a year, telecommunications equipment maker Lucent Technologies Inc. is reducing benefits promised to thousands of its retirees.
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Mayor Adrian M. Fenty announced yesterday that he will require time-and-distance meters in the District's 6,000 taxicabs, abandoning a rare zone system that has been used for decades and heralding major changes in the way the local taxi industry operates.
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Matav, Hungary's biggest telecommunications company, will eliminate 3,750 jobs, representing 25 percent of its workforce, within two years in a cost-cutting measure, the company announced on its website.
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Cross-channel rail firm Eurostar says it will stop running all services into London Waterloo station when a new high-speed rail link into the St Pancras terminal is completed in 2007.
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Motorway dropped from radical traffic management scheme aimed at reducing congestion on major roads
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A cruise operator ferrying US residents to Canada for flu shots said on Friday it has cut back on its popular service due to overwhelming demand and concerns about diminishing supplies north of the border.
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It is cutting several routes to some of its most expensive airports including Zurich, Amsterdam and Copenhagen in parallel with an expansion into new markets that are offering lower airport charges in ...
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Peninsular &amp; Oriental Steam Navigation Co., the UK&#39;s largest ferry and ports operator, plans to cut 1,200 jobs and shut routes to stem losses in the cross-channel ferries business.
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The popularity of cut-price airlines and the Eurostar rail service to the continent is threatening to sink the ferry industry, where 1,200 job losses were announced yesterday.
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Amtrak will stop shipping U.S. mail  next month to concentrate on its core passenger network,  eliminating roughly 300 jobs and millions of dollars in annual  costs, the railroad said on Friday.
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NEW YORK SBC Communications is lowering the projected cost of its program to bring fiber-optic cables to the edge of most neighborhoods.
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Matav, Hungary's biggest telecommunications company, will eliminate 3,750 jobs or 25 percent of its workforce within two years in a cost-cutting measure aimed at confronting fierce industry competition, the firm said in a statement posted on its website.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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The communications equipment maker scales back the size of its purchase of Advanced Fibre Communications.
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Rules governing broadband suppliers could be scrapped following a European Commission ruling.
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Channel tunnel operator Eurotunnel unveiles a turnaround plan involving redundancies and cuts in services, as it bids to see off its Â£6.4bn debts.