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Transcript of TTNews.com Internet Chat With John Hill Now Available
Visitors to TTNews.com may now view the transcript of last Wednesday’s internet chat session with John Hill, administrator of the Federal Motor Carrier Safety Administration — just click here to view the transcript.
October 11, 2006FMCSA Administrator Hill Says U.S. Border to Remain Closed to Mexican Trucking
WASHINGTON — John Hill, head of the Federal Motor Carrier Safety Administration, said last week the opening of the southern U.S. border to Mexican trucks was on hold for the foreseeable future.
October 11, 2006Security & Safety Briefs — October 12 - October 18
Customs and Border Patrol Completes ACE Installation at N.Y. Ports • EU May Require Trucks to Install Curved Mirrors • Police Begin Commercial Vehicle Inspections in Ontario’s Peel Region
October 11, 2006Va. Gov. Forms Transportation Accountability Commission
Virginia Gov. Tim Kaine (D) has formed the Transportation Accountability Commission, a 15-member body tasked with improving performance at the state’s department of transportation, the Richmond Times-Dispatch reported Wednesday.
October 11, 2006Transportation Services Index Posts Largest Decline in Five Years
The U.S. Transportation Department’s transportation services index fell 2.5% in August, its largest monthly decline in five years, DOT said last Thursday.
October 11, 2006Crude Oil Falls to New Low For Year
Crude oil futures on the New York Mercantile Exchange closed below $58 a barrel on Wednesday, reaching a new low for the year as traders shrugged off reports of a production cut by the Organization of Petroleum Exporting Countries, Bloomberg reported.
October 11, 2006Fed Minutes Reveal Continuing Inflation Concerns
Federal Reserve commissioners expressed continuing uncertainty regarding future interest rate hikes after deciding during the Federal Open Market Committee’s Aug. 8 meeting to hold rates at 5.25%, according to minutes of the meeting that were released Wednesday.
October 11, 2006Celadon Purchases Digby Truck Lines, Announces 1Q Earnings Guidance
Celadon Group on Monday purchased Nashville, Tenn., truckload carrier Digby Truck Lines for $21 million.
October 10, 2006AmeriQuest Transportation, NationaLease to Merge
Transportation management and procurement services company Ameriquest Transportation and Logistics Resources Corp. and NationaLease Purchasing Corp., the purchasing division of truck leasing network NationaLease, on Monday signed an agreement to combine their organizations.
October 10, 2006Swift Raises 3Q Earnings Forecast
Truckload carrier Swift Transportation Co. on Monday said it now expects to earn between 50 and 52 cents a share in the third quarter, prior to a one-time charge of $9.2 million.
October 10, 2006