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GEORGIA BLUE CHIPS


From Staff and News Services
Published on: 03/29/08

UPS

$72.26

-0.78%

Big Brown is adding more green to its fleet.

Sandy Springs-based UPS has added 167 natural-gas-powered trucks, bringing its green fleet to 1,629. That's still just 1.74 percent of its 93,637 trucks.

Forty-two trucks will be deployed in Atlanta. Spokesman Norman Black said UPS will use the vehicles in congested cities. Dallas is getting 25 trucks, and five California cities will get the others.

The vehicles, which run on compressed natural gas, are about $1 per gallon cheaper to operate than trucks that run on gas. The green trucks, however, cost $66,000 —- about $18,000 more than conventional trucks, Black said.

—- Rachel Tobin Ramos

Home Depot Inc.

$27.38

-1.48%

Home Depot Inc. plans to invest $28 million in a new multichannel distribution center in Mexico.

The 42,000-square-meter distribution center, which will have the capacity to double in size, is expected to service at least 60 stores from its planned location in Pachuca. It will directly employ around 240 workers.

Home Depot said it anticipates that the center will begin operating near the end of the year, handling about $600 million in products a year, a figure that the company expects to rise gradually as its service expands across the country.

—- Dow Jones Newswires

Penney cuts its forecast

J.C. Penney Co. said Friday it anticipates first-quarter net income of about 50 cents per share, down from its prior forecast for 75 cents to 80 cents per share. The chain said same-sales would fall at least 10 percent in March.

—- Associated Press

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