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DOT Top Jobs Remain Open Awaiting Action By Bush, Hill
Six months into the Bush administration, 14 of 17 top political positions in the Department of Transportation remain unfilled, including the post of administrator of the Federal Motor Carrier Safety Administration.
June 27, 2001Executive Briefing - June 27
Bering Files Suit Against Hyundai, Daimler; Continental Sees Truck Tire Growth With Bandag Alliance; Lucent, JDS Uniphase Likely to Cut More Jobs; White House to Push Energy Plan; and more...
June 27, 2001Xtra Forecasts 57% Earnings Drop
Xtra Corp. said Wednesday that lower freight demand and increased costs could cause earnings in the third quarter to fall as much as 57%.
June 27, 2001Fed Cuts Interest Rates By Quarter-Point
The Federal Reserve cut U.S. interest rates by a quarter-percentage point on Wednesday and left the door open for further reductions, saying the risks remain weighted toward economic weakness, rather than inflation.
June 27, 2001Trucking Technology Report - June 27
Ports Warned on Productivity; CSX Lines Deliver Export Alternative; Philips Will Quit Making Mobile Telephones; and more...
June 27, 2001New Economic Reports Offer More Positive News
Three economic reports of interest to the trucking industry released on Tuesday all provided some encouraging news, as durable goods orders, consumer confidence and new home sales all rose more than expected.
June 26, 2001Cell Phone Ban Passed in N.Y.
New York has become the first state to pass legislation prohibiting the use of handheld cellular telephones while driving, and Gov. George Pataki is expected to sign the bill by the end of the week, news services reported.
June 26, 2001Eaton Warns; Doesn’t See Quick Turnaround
Eaton Corp., the largest U.S. maker of truck transmissions, said it expects its second-quarter earnings to fall short of estimates and does not expect a rebound in North American markets this year. Chairman Alexander Cutler said Eaton’s truck business is struggling to break even during "the worst industry conditions in over a decade."
June 26, 2001Executive Briefing - June 26
New Campaign Fights Construction Delays; Complaints Force Michigan to Fix I-75; Hyundai, Bering Dealers to Meet Wednesday; Most Expect Rate Cut As Fed Begins Meeting; and more...
June 26, 2001Trucking Technology Report - June 26
Wireless Gadgets Give Workers a Leg Up; Rechargeable Batteries Find Better Future; Move it, or Lose; and more...
June 26, 2001