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The old adage that speed kills may have some merit.

Associates Commercial Corp., one of the nation’s largest truck equipment finance companies, has purchased Transport Clearings.

TT File PhotoOvernite Transportation Co. said its revenue was above $1 billion in 1998 and its profits were the highest since 1994. The company attributed much of this gain to the fourth period, which it said was its best quarter in the last four years. Annual revenue was $1.03 billion compared with $946 million in 1997.

The National Private Truck Council will add membership categories and drastically cut the size of its board of directors.

The newly created DaimlerChrysler Financial Services is expected to strengthen DaimlerChrysler AG’s position in the global truck market.

The California Division of Occupational Safety and Health issued fines of $1,500 for the first violations under its ergonomics standard.

A survey conducted by the Alexandria Chamber of Commerce found that a majority of its residents agree that a new bridge is necessary to keep streets free from excessive truck traffic.

The California Highway Patrol’s border division is stepping up its enforcement of driving laws and hours of service.

TT PhotoRecent rulings by European authorities will help move Orbcomm Global closer to providing satellite service across Europe. In December, the European Regulatory Commission ruled that it would permit satellite communication systems to be used in the 43 countries.

Talks are underway between Norfolk Southern Corp. and National Railroad Passenger Corp. to allow Norfolk's intermodal trains to use Amtrak’s Northeast Corridor.