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The Ontario Teacher’s Pension Plan on Friday agreed to pay Hong Kong’s Orient Overseas $2.35 billion for four North American container terminals, Bloomberg reported.

In the news this morning: Crude prices drop after Thanksgiving holiday; DaimlerChrysler to add 5,000 commercial truck jobs in Germany; FedEx's Smith recovering from heart surgery; and more.

Federal lawmakers are moving on several fronts to push rapid government adoption of high-tech identification systems to prevent terrorism.

TTNews.com will be closed Thursday and Friday in observance of the Thanksgiving holiday. Please check back on Monday, Nov. 28, for the latest trucking news.

State trucking associations were still gauging the effect of changes at the legislative level last week, following the Nov. 7 general election.

The Truckload Carriers Association passed a resolution encouraging members to hire drivers who have passed training courses certified by TCA’s Professional Truck Driver Institute.

In the news this morning: Crude oil supplies rise, prices fall; DaimlerChrysler to idle three plants; Trimac shareholders approve privatization plan; and more.

FedEx Corp.’s $1.2 billion purchase of American Freightways Corp. will create a super-regional less-than-truckload carrier that both brings some consolidation to a sector of the industry and issues a fresh challenge to transportation powerhouse and rival United Parcel Service.

Congressional Republicans say they will mount an effort to stop new workplace ergonomics rules from being implemented when they return to Washington early next month.

A top Teamsters union official, in what could be a significant turning point in relations with trucking management, pledged to work with trucking companies to increase productivity, improve workplace safety and attract new employees to the industry.