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Senate Bill Includes Meals, Estate Tax Gains for Trucking

The Senate debated a Republican-sponsored $792 billion tax cut bill last week that would speed up restoration of the 80% tax deduction for meals eaten by truckers on the road and reduce the estate tax.

August 4, 1999

Reorganization of ATA is Main Topic for State Association Executives

The leaders of state trucking associations are meeting this week to discuss several industry-related topics, including their comfort level with the restructuring of American Trucking Associations.

August 4, 1999

Cost of Conrail Breakup Reflected in New Owners' Balance Sheets

Norfolk Southern and CSX Transportation ended their second month as owners of a split-up Conrail with reports of weaker earnings. Many shippers say despite some service improvements normal operations have not yet been achieved.

August 4, 1999

Freight: Amtrak's Profit Center

A budding express freight delivery service that competes with truckload carriers holds promise of becoming a profit center for Amtrak and helping to supplement the cost of running its passenger rail services, according to a federal report.

August 4, 1999

Teamsters to Clean House

The Teamsters union is stepping up the campaign to liberate itself from federal oversight imposed in a 1989 consent decree.

August 4, 1999

Black Boxes Lead DOT Safety Bill

The Department of Transportation is preparing to unveil a sweeping surface transportation safety bill that would require carriers to install and use on-board recorders or global position satellite devices to monitor driver compliance with hours of service.

August 4, 1999

Guard Changes In North Carolina

Eb Peters is stepping down as president of the North Carolina Trucking Association after nearly 19 years of representing the states motor carriers.

August 4, 1999

Whether to 'Lock in' Diesel Prices

Analysts were divided on whether fleet managers should lock in at current prices as the national average cost of diesel fuel rose to $1.137 a gallon last week.

August 4, 1999

British Group to Buy Out Logistics Provider Mark VII

Mark VII Inc., an intermodal transportation and logistics company based in Memphis, Tenn., has agreed to a buyout by MSAS Global Logistics, a unit of Ocean Group PLC, for $23 a share in cash. ased on 9.4 million shares outstanding, the offer is worth $217.3 million.

August 4, 1999