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The $700 billion bailout plan (and this is just the beginning) is not for mortgages and homeowners; it’s for mortgage-backed securities. Hedge funds are the main holders.

People often ask me how it is that, as a farmer, I stumbled into trucking. I grew up involved in the day-to-day operations of my family’s Indiana farm, but in 1972, I decided it was time to devote my energies to agribusiness.

NEW ORLEANS — The Federal Motor Carrier Safety Administration is in the final stages of preparing its Driver Information Resource for use by trucking companies, an agency official said here.

NEW ORLEANS — The Federal Motor Carrier Safety Administration’s final rule governing electronic onboard recorders may change significantly from the proposal the agency issued in 2007, executives of several technology firms said.

TTNews.com will be closed Monday for the Columbus Day holiday. Please check back on Tuesday, Oct. 14, for the latest trucking and freight transportation news.

NEW ORLEANS — American Trucking Associations leaders endorsed a sweeping, 18-point plan to improve highway safety for everyone — passenger cars, as well as trucks — as part of the federation’s strategy for next year’s highway legislation.

American Trucking Associations said its board of directors has voted to expand ATA’s safety agenda with the goal of further reducing the number of highway-related fatalities.

As we gather in New Orleans for our 2008 Management Conference & Exhibition, it’s hard not to think back to the images of the “Crescent City” in 2005 following Hurricane Katrina. In a matter of hours, New Orleans went from a vibrant tourism destination to a city devastated by flooding.

The Federal Motor Carrier Safety Administration sent regulations aimed at strengthening oversight of new trucking companies and of intermodal chassis equipment to the White House for review, putting the regulations on pace to be published before the end of the year.

Do you see anything in “The Bailout Plan” that indicates whether there will be fines and prosecutions for board members, chief executive officers (i.e., the big guys who walk away with millions of dollars per year in bonuses and the people who worked the deals) and the oversight committees who monitor our financial markets?