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The Surface Transportation Board extended for one year the authority of motor carrier rate bureaus to set rates and the National Classification Committee to establish commodity classes for freight moving by truck.

Trucking lobbyists last week endorsed a proposal by House Transportation Committee Chairman Bud Shuster (R-Pa.) to merge jurisdiction over railroads and trucking into a single subcommittee.

Powered by an expanding domestic economy and lower fuel prices, FDX Corp., the parent of Federal Express Corp. and RPS Inc., posted better-than-expected profits in its second fiscal quarter.

Consolidated Freightways said it expects its fourth-quarter earnings to be substantially better than consensus estimates of 28 cents a share.

Penske Logistics was named lead logistics provider for Whirlpool Corp.’s regional distribution system.

Fears apparently were unwarranted that U.S.-led air strikes against Iraq would raise world crude oil costs and disrupt the record low diesel prices trucking has been enjoying.

Emerging transponder technology has allowed truckers to bypass highway weigh stations, but it has also generated a dispute over the ownership of the signals these devices produce.

The Surface Transportation Board extended for one year the authority of motor carrier rate bureaus to set rates and the National Classification Committee to establish commodity classes for freight moving by truck.

Arkansas Best Corp. said its Treadco Inc. subsidiary settled its long-running dispute with Bandag Inc. over Bandag’s recruitment of Treadco executives and attempts to divert customers from Treadco.