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NewsApril 27, 2012

Watch for Highway Restrictions During Chicago NATO Summit

The Illinois DOT says during the NATO Summit in Chicago May 20-21, it's best to avoid the city, especially downtown and South Loop, during that week. It's also placing certain restrictions (with no permit loads) on oversize and overweight loads

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NewsApril 27, 2012

More Fleets Report Positive 1Q Financials

(UPDATED) Most carriers are reporting positive first quarter financial results, and some are setting records with their numbers. P.A.M, UPS, Old Dominion, Ryder, Celadon, Knight, Landstar and Universal Truckload all reported increased revenues for the first quarter of 2012.

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NewsApril 27, 2012

Truck Sales Help Daimler Post Profit for First Quarter

Boosted by booming sales for Daimler Trucks and Mercedes-Benz cars, Daimler reported positive numbers for 1Q 2012 despite higher spending.

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NewsApril 27, 2012

New Jersey Congressmen Call for Suspension in Toll Hikes

Several New Jersey Congressmen asked the Port Authority of New York and New Jersey to delay a second round of toll hikes scheduled for December until the agency can prove it has its finances in order,

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NewsApril 27, 2012

FMCSA Cracks Down on Reincarnated Carriers

A new rule from the Federal Motor Carrier Safety Administration makes it tougher for carriers that have been sanctioned to reincarnate themselves under a new identity. The agency last week posted a final rule that changes its procedures in several areas affecting truck lines, intermodal equipment providers, brokers, freight forwards and hazmat proceedings

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NewsApril 27, 2012

Azure Dynamics Hedges on Warranties, Shrinks Board Size, Finds Support Funding

Azure Dynamics Corp., the British Columbia-based specialty vehicle builder now struggling through the Canadian equivalent of a managed bankruptcy, says it might not be able to honor warranties it reinstated last week

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NewsApril 26, 2012

Schneider National, Covenant Offer Team Bonuses

Two major carriers, Schneider National and Covenant Transport, have announced large bonuses to help attract teams

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NewsApril 26, 2012

Volvo Reports Record 1Q Sales Thanks to North America

Volvo AB reported record first-quarter sales for 2012, boosted by North American numbers for the strongest numbers recorded in this period despite a 2% drop in profits in the first quarter

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NewsApril 26, 2012

Costco "Hot Fuel" Settlement Approved

In an approved settlement for a lawsuit over hot fuel, Costco Wholesale Corp. has agreed to convert gasoline pumps in some states during the next five years to automatically compensate for expansion in fuel due to changing temperatures, reports the Kansas City Business Journal

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NewsApril 26, 2012

Highway Bill Conferees Face Tough Funding Issues but Share Some Common Ground on Policy

The House and Senate have chosen their conferees for negotiations on the highway bill. They have until June 30 to work out a deal or pass another extension. The conferees' toughest challenge will be to agree on the duration and funding of the bill, but their portfolio includes numerous important policy issues, including truck safety and program reforms at the Department of Transportation

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