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A management group led by president William H. Clark has purchased Trans-States Lines of Fort Smith, Ark., from the H.L. Hembree family, which has owned the company since 1989.

This afternoon's headlines: Analyst raises earings estimate on Landstar; Memphis intermodal yard costs cut by 75%; and Emmpak lawsuit over damaged freight puts a chill on Cooper.

The International Intermodal Expo will be held on a biannual basis, the organizers of the trade show announced. The 2000 Expo, scheduled for April 11 to 13 in Atlanta, will be followed up in 2002.

In the news this morning: Shareholder sues Texas trucking company for embezzlement; Wyo. truck repair buiness runs afoul of zoning laws; and How FedEx transformed Memphis into distribution powerhouse.

FDX Corp. announced today that it will apply a 3% fuel surcharge on most FedEx domestic and international services, effective Feb. 1, 2000.

United Parcel Service will boost rates by 3.1% for ground package delivery and 2.9% or more for its other offerings on Feb. 7.

Diesel fuel prices finished 1999 at $1.298 a gallon after a roller-coaster ride over the year, and analysts do not expect similar wild fluctuations during 2000.

This afternoon's headlines: Accident rate going down for specialized carriers; Con-Way Southern to build new terminal near I-459; and Trucker pleads not guilty to hauling ton 2,700 lbs. of marijuana.

The Department of Transportation said it will not fully open this country’s southern border to commercial truck traffic from Mexico with the arrival of the new year.

The rail industry’s safety record for 1999 is on track to improve from 1998, despite safety concerns raised by rail mergers, according to the Federal Railroad Administration’s top executive.