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Cost of Conrail Breakup Reflected in New Owners' Balance Sheets

Norfolk Southern and CSX Transportation ended their second month as owners of a split-up Conrail with reports of weaker earnings. Many shippers say despite some service improvements “normal” operations have not yet been achieved.

August 4, 1999
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Freight: Amtrak's Profit Center

A budding express freight delivery service that competes with truckload carriers holds promise of becoming a profit center for Amtrak and helping to supplement the cost of running its passenger rail services, according to a federal report.

August 4, 1999
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Teamsters to Clean House

The Teamsters union is stepping up the campaign to liberate itself from federal oversight imposed in a 1989 consent decree.

August 4, 1999
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Black Boxes Lead DOT Safety Bill

The Department of Transportation is preparing to unveil a sweeping surface transportation safety bill that would require carriers to install and use on-board recorders or global position satellite devices to monitor driver compliance with hours of service.

August 4, 1999
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Guard Changes In North Carolina

Eb Peters is stepping down as president of the North Carolina Trucking Association after nearly 19 years of representing the state’s motor carriers.

August 4, 1999
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Whether to 'Lock in' Diesel Prices

Analysts were divided on whether fleet managers should “lock in” at current prices as the national average cost of diesel fuel rose to $1.137 a gallon last week.

August 4, 1999
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British Group to Buy Out Logistics Provider Mark VII

Mark VII Inc., an intermodal transportation and logistics company based in Memphis, Tenn., has agreed to a buyout by MSAS Global Logistics, a unit of Ocean Group PLC, for $23 a share in cash. ased on 9.4 million shares outstanding, the offer is worth $217.3 million.

August 4, 1999
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Reauthorization of FRA, STB Unlikely, Aide Says

Don’t expect Congress to reauthorize either the Federal Railroad Administration or the Surface Transportation Board any time soon. That’s the word from a key congressional aide.

August 4, 1999
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Opinion: Safety Initiatives and Joint Ventures

Motor carriers now have a green light to experiment in two important areas of federal regulation: highway safety and joint ventures.

August 4, 1999
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Editorial: Requiem for the Oregon Tax

The state that invented the weight-distance tax has decided to dismantle its invention. But truckers shouldn’t park their rigs and pop open the champagne bottles just yet.

August 4, 1999