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News Briefs - May 9
House Approves $550 Billion Tax-Cut Bill • Ex-Freightliner CEO Hebe Purchases Seagrave • Michigan Senate Votes Down Potential Diesel Tax Hike • OPEC Invites Non-Members to June Meeting • And more...
May 9, 2003Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Indiana Officer Gets No. 3 FMCSA Post
Secretary of Transportation Norman Y. Mineta named John H. Hill to be chief safety officer and assistant administrator of the Federal Motor Carrier Safety Administration.
May 9, 2003iTECH: Next-Generation Trucking Web Sites - They Talk Back!
While the Internet’s World Wide Web works great as a fancy display device, its real power lies in interactivity.
May 9, 2003Jobless Claims Fall but Remain Above Key Level
Although the number of Americans filing initial applications for unemployment benefits declined by 28,000 last week, it remained above the key 400,000 level for the 12th week in a row, the longest stretch since 1992.
May 8, 2003Study Says Rules to Add $611 Million in Annual Costs
Compliance with the new hours-of-service rules will increase trucking companies’ net cost by $611 million a year and require them to hire an additional 84,300 drivers, hitting small fleets the hardest, according to an analysis done for the Federal Motor Carrier Safety Administration.
May 8, 2003KC Southern-TMM Proposal Would Create Nafta Rail System
Railroad holding company Kansas City Southern said it would spend $200 million in cash and stock to create a unified rail network that could haul freight from Mexico City to St. Louis.
May 8, 2003News Briefs - May 8
Conn. Senate Votes to Postpone Ban on MTBE • Most IRP Sanctions Against Oklahoma Lifted • Number of Speeding Tickets Surge in California • Patriot Sells Property to Subsidiary • And more...
May 8, 2003Security Briefs - May 1 - May 7
G8 Agrees on New Passport Plan • Government Plans Five-Day ºÚÁϳԹÏÍøland Security Exercise • Customs Ups Enforcement of 24-Hour Manifest Rule • TSA to Cut 3,000 More Airport Screeners
May 7, 2003Wholesale Inventories, Sales Rise in March
Sales at U.S. wholesalers increased twice as much as inventories in March, while the inventory-to-sales ratio, a measure of how long goods remain unsold, fell to a record-low of 1.21 months.
May 7, 2003Opinion: Oil Hits the Fan
Click here to write a Letter to the Editor.Rising fuel prices this spring rocked the trucking industry. It’s not enough that the economy is slow and security costs have increased, record-high diesel made for a real misery hat trick.
May 7, 2003