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GM May Sell Stake in Isuzu to Raise Cash
General Motors Corp. is in talks to sell shares of Isuzu Motors to three Japanese firms, Bloomberg reported Thursday.
March 30, 2006Ports Firm Declines $3.8 Bln. Takeover Bid, Journal Reports
A British ports company with operations in the United States rebuffed a $3.8 billion takeover bid by a consortium of investors, the Wall Street Journal reported Thursday.
March 30, 2006Trucking Groups to Use Loans, Ads, in Bid to Boost Number of Drivers
American Trucking Associations last week announced two initiatives aimed at helping address the shortage of qualified drivers.
March 29, 2006DOT Sets New Light-Truck Fuel Economy Rules
New fuel economy standards unveiled Wednesday for light trucks will save 10.7 billions of gallons of fuel and include the largest sport utility vehicles for the first time, the Department of Transportation said.
March 29, 2006Border Security a Concern at Detroit Crossings, Paper Reports
U.S. and Canadian border inspectors at the Ambassador Bridge crossing in Detroit and elsewhere routinely allow vehicles to pass through border checkpoints without adequate scrutiny, in order to keep commercial traffic moving, the Detroit Free Press reported Wednesday.
March 29, 2006Security & Safety Briefs — March 23 - March 29
ATA Supports Hazmat Rule Uniformity • Agents Smuggle ‘Dirty Bombs’ in Port Test • Conn. Trucking Firm’s Assets Auctioned Off • EU to Set Single License to Boost Safety, Security
March 29, 2006UTi Worldwide's 4Q, Fiscal-Year Income, Revenue Rise
Air and ocean freight forwarder UTi Worldwide reported net income of $22.3 million or 23 cents a share for its fiscal 2006 fourth-quarter ended Jan. 31, compared with $18.6 million or 19 cents in the same quarter a year earlier.
March 29, 2006Petro’s Earnings, Revenue Jump for 2005
Truck stop chain Petro Stopping Centers said late Tuesday it earned $16.1 million last year, compared with $4.9 million a year earlier.
March 29, 2006Industry Group Asks Court to Overturn DOT Hazmat Rule
The American Chemistry Council last week asked a federal appeals court to overturn a Department of Transportation regulation governing the loading and unloading of hazardous materials, saying it could lead to a layer of inconsistent and burdensome rules.
March 29, 2006FMCSA Considers Abolishing CDL Ban for Insulin-Treated Drivers
The Federal Motor Carrier Safety Administration said it will consider allowing drivers with insulin-treated diabetes to operate large trucks. Most people with diabetes have been barred from driving trucks for 35 years.
March 29, 2006