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Bone-numbing cold

Bone-numbing cold spread across much of the country Monday, forcing millions scurrying from place to place to bundle up. Snowfall in northern New England topped 40 inches in one town, and travel remained disrupted as Christmas approaches.

Some of the coldest weather of the year had moved into Arkansas, and a wintry mix of freezing rain and sleet threatened to hit the state today.

In Marysville, Wash., north of Seattle, heavy snow collapsed part of the roof Monday at the Whitley Evergreen factory, which makes modular buildings. No one was injured, but inspectors were dispatched to make sure other buildings in the business park were safe.

The 14.5-inch snowfall Sunday in Portland, Maine, surpassed the old record for Dec. 21 of 12.4 inches, set in 1933. On the other side of the country, a total of 11-13 inches in Portland, Ore., was the biggest snowfall since January 1980. Depending on how much more fell Monday as the snow trailed off, the storm could rank as one of the city's 10 worst on record.

"It is amazing," said Dave Thompson, spokesman for the Oregon Department of Transportation. "You say to yourself: 'That's Portland?' The roads are snowpacked, covered with ice and it's freezing rain."

Temperatures in Chicago - hard hit over the weekend with sub-zero readings as winter officially began - were up to the single digits Monday and could rise to the mid-20s today. But that should coincide with several inches of snowfall today and Wednesday, forecasters said.

Snowfall was relatively scant in the Midwest and East, but high winds whipped up snow along roadways and, along with ice, made driving hazardous for travelers.

In western New York, a 134-mile stretch of the state Thruway between Rochester and Pennsylvania was closed for six hours overnight because of blowing snow. In Pittsburgh, schools initially were to open two hours late but were closed for the day instead because of below-zero wind chills.

For the mid-Atlantic states, the storm took the form of weekend snow and rain - followed by a cold snap early Monday. High winds overnight cut off power to 13,000 homes and businesses in Maryland. Baltimore Gas & Electric said on its Web site that all but 1,200 had service restored by midafternoon.

Kelly Dagostino of Texarkana, Ark., was visiting New York for the first time and bundled up Monday so the cold wouldn't keep her from her plans.

"It's still cold, very cold, but I want to see stuff, so we're out and about in it," she said as she checked out Macy's windows along 34th Street. The temperature in Central Park had dropped into the low teens overnight, and wind gusts near 30 mph made it feel like it was below zero.

The big snowfall in Maine was the result of a nor'easter. Before the storm even arrived, the National Weather Service issued a rare blizzard warning for eastern and northern Maine. Brooklin, on the coast, recorded a gust of 59 mph.

The town of Eustis in western Maine received a whopping 41.8 inches of snow by Monday morning. Eric Schwibs from the National Weather Service called it "the sweet spot of the storm."

For residents, however, it wasn't so sweet.

"It's beautiful, but it's a little crazy," said Linda Shane, who had to call for help when the snow jammed her car doors shut as she tried to get out of her driveway. Finally at her job at Camden National Bank, she looked out the window and said: "You can't see the gas station across the street."

In New Hampshire, the deep snow added to the misery for nearly 11,000 customers still in the dark from an ice storm more than a week earlier.

TRAVEL TROUBLES

Nearly 50,000 customers remain without power across northern Indiana because of an ice storm last week. There were also more than 7,000 customers still out in Illinois on Monday and about 5,000 in northwest Ohio.

The weather was blamed for at least 10 deaths over the weekend, including a collision between a car and an 18-wheeler near New Carlisle, Ind., that killed four Marines based near Detroit.

In the Seattle area, the city remained largely snowbound Monday. Limited service resumed at Sea-Tac Airport, but thousands of people were stranded because of all the flight cancellations over the weekend.

There were long, snaking lines at virtually every ticket counter at the airport Monday morning. Some travelers said they had spent 12 hours waiting for a ticket agent, taking turns sleeping while others held their places in line. The baggage claim area was littered with mounds of unclaimed luggage 6-7 feet high.

Hundreds of travelers were marooned even in Los Angeles, where the line to rebook Alaska Airlines flights to the Pacific Northwest stretched out the door.

Winter weather in other parts of the country caused some problems at Little Rock National Airport, Adams Field and Northwest Arkansas Regional Airport.

Online databases showed flight delays out of Little Rock to New York City and New Jersey, and flight cancellations out of Northwest Arkansas Regional to Chicago and Detroit.

T.J. Williams, a spokesman for the Little Rock airport, said travelers should arrive at the airport earlier than normal throughout the week because of increasing Christmas traffic.

WARM-UP EXPECTED

The current cold weather entered Arkansas from the north on Sunday.

A northerly wind blew an arctic cold front into Arkansas that dropped the temperatures into the single digits in the northwest area of the state. With the wind chill, it felt below zero in some places.

The National Weather Service is forecasting a chance of freezing rain for Northwest Arkansas early today, turning to rain around noon as the temperature rises. The high is expected to be 41 degrees, with south winds 14-18 mph gusting as high as 30 mph.

The chance of precipitation is 50 percent with a quarter-inch of rain possible during the day and the same amount tonight, with a low around 36 degrees.

A 30 percent chance of rain is forecast for Wednesday, mainly before noon. The day is forecast to be mostly cloudy with a high near 42. South-southeast winds are expected at 13-16 mph, becoming northeast 5-8 mph. Wednesday night is forecast to be partly cloudy with a low around 21 and calm winds.

Any road problems are expected to improve in the afternoon as the warming weather melts any slippery spots, but the system should then bring rain to Arkansas.

A chance of sporadic showers continues across the state Christmas Day. But there will be no white Christmas, as temperatures are forecast to stay above freezing across the state.

Arkansas last saw snow on Christmas Day in 2004. Little Rock has seen snow on the ground on Christmas Day only 14 times since records started being kept in 1885, according to the National Weather Service.

Meteorologist Chris Buonanno with the National Weather Service in Little Rock said a storm system from the west could bring severe weather - possibly thunderstorms, hail and high winds - to the state on Friday.

 

 

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Posted: 23:56, 2008-Dec-23
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the first operating loss in 70 years

Toyota Motor Corp. said Monday that it will report the first operating loss in 70 years, acknowledging that after a decade of rapid growth it can no longer escape the slowdown plaguing the global auto industry.

The Japanese auto giant also lowered its global vehicle sales forecast for the second time this year and said it was putting expansion plans on hold, in large part because of a drop in demand in the U.S. market.

"The tough times are hitting us far faster, wider and deeper than expected," Toyota President Katsuaki Watanabe said at the company's headquarters in Nagoya. "This is an unprecedented crisis requiring urgent action."

Toyota had reported strong growth in recent years, boosted by demand for its fuel-efficient models such as the Cam- ry sedan and Prius gas-electric hybrid.

But Watanabe said a drop in demand, especially in the U.S., which accounts for one-third of vehicle sales, and profit erosion from a surging yen were too much for Japan's No. 1 automaker.

Overall U.S. auto sales fell to their lowest level in 26 years last month. Toyota's sales in the U.S. plunged 34 percent in November.

"The change that has hit the world economy is of a critical scale that comes once in 100 years," Watanabe said.

Watanabe has cut contract jobs, production and executive pay this fiscal year to offset slumping demand and a strong yen.

"Toyota's cost-cutting can't match plummeting sales," said Koichi Ogawa, chief portfolio manager at Tokyo-based Daiwa SB Investments Ltd. "Everyone is getting hurt with this situation."

Toyota said it expects an operating loss of $1.66 billion for the fiscal year ending in March, compared with an operating profit of $25.2 billion a year earlier.

Toyota said it would still post a net profit of $555 million, thanks to outside dividend income, down from year-earlier earnings of $18.89 billion. But operating income is seen as the best reflection of its core business.

The outlook was a change of fortune for the company, which in recent years had outlined ambitious expansion plans and weathered an industry slowdown much better than its U.S. rivals.

Toyota, which started in business as a loom maker, began making trucks and passenger cars in 1937. Its first and only operating loss came the next year, before it started reporting formal results in 1941.

At the time, Toyota was still far behind the American automakers. With World War II, Toyota started a side business making aircraft engines, but that group company switched to making auto parts and sewing machines after the war.

In its forecast, Toyota reduced the number of vehicles it expects to sell globally this calendar year to 8.96 million, down 4 percent from last year. Earlier this year, Toyota had projected worldwide sales of 9.5 million vehicles.

Initially, it had an even more aggressive target of 9.85 million, and expectations had been growing that the tally would reach 10 million in coming years - allowing Toyota to dethrone General Motors Corp. as the world's top automaker.

Tsuyoshi Mochimaru, auto analyst for Barclays Capital in Tokyo, warned worse times may be ahead.

U.S. auto sales aren't expected to start recovering until late 2009, and the dollar - already at a 13-year low against the yen - could lag further, he said. A strong yen hurts results because overseas profits must be converted into the Japanese currency.

"The problem is next year," said Mochimaru. "It's unmistakable that things are extremely tough for Toyota."

Watanabe and other Toyota executives repeated a recent announcement that expansion plans will be on hold, including a new plant near Tupelo, Miss., and projects in India.

Construction of the Toyota plant in Blue Springs, Miss., is about 90 percent complete, and Toyota will finish the building, a company spokesman said. But the installation of the factory's equipment and machinery has been delayed indefinitely.

Toyota said there were no plans to lay off any full-time employees, though it plans to cut the number of temporary workers at its Japanese plants in half to about 3,000.

Toyota is a relatively oldstyle Japanese company that offers lifetime employment, and only in recent years has hired and let go of temporary workers to adjust production. It said it was reviewing overseas jobs but had not reached a decision.

Watanabe vowed Toyota would grow so lean it would realize profitability even if its worldwide sales fall as low as 7 million vehicles - what he called the basic "bottom line" for Toyota.

"We must change to become more slim, muscular and flexible," he said.

The automaker will focus on hybrids and small cars, and invest in technology to prepare for long-term growth, officials said.

While Japan's automakers are in far better financial shape than their cash-strapped American counterparts, the global slowdown is hitting them hard. Last week, Japan's No. 2 automaker, Honda Motor Co., also lowered profit and sales forecasts and declined to give a vehicle sales goal for 2009.

Automakers worldwide are cutting back as sales plummet. General Motors Corp., Ford Motor Co. and Chrysler LLC, the three biggest U.S. automakers, will shutter about 59 factories over the next month, and GM and Chrysler are getting federal aid to avoid collapse.

Toyota this year halted production of Tundra pickups at its San Antonio plant for more than three months. Suzuki Motor Corp., Japan's second largest minicar maker, said Monday that it will cut domestic production by an additional 30,000 units to 1.16 million vehicles for the year ending March 31.

Declining demand for cars and electronics reduced Japan's November exports 26.7 percent from a year ago, the most on record, the Finance Ministry said Monday. Shipments to the U.S. slid an unprecedented 34 percent.

"Japan's economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.," said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. "Japan did nothing to prepare itself" for the collapse in demand from abroad.

 

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Posted: 23:54, 2008-Dec-23
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