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IBM sold its 40% shareholding in Hi-Tech Logistics Ltd. to the Britain-based international transport and logistics firm Tibbett & Britten.

In passing the $520 billion spending bill that will keep the federal government going until next October, Congress last week left the Office of Motor Carriers sitting where it is, under the Federal Highway Administration’s wing.

Rep. Frank Wolf will not give up his campaign to move jurisdiction over trucking’s most important federal agency, the Office of Motor Carriers, to the National Highway Traffic Safety Administration. t a Capitol Hill press conference Oct. 21, the Virginia Republican vowed to resurrect the idea next year.

The road to the 21st century for American Trucking Associations begins this week in New Orleans. ore than 4,250 industry executives and their spouses are expected to attend the 1998 ATA Management Conference & Exhibition and witness the beginning of a new era for the trucking federation.

The proposed international accord to combat global warming could cost U.S. truckers up to $36 billion a year in added fuel costs, a 90% increase, according to a study by the U.S. Department of Energy.

Con-Way Transportation Services, one of the fastest growing and most profitable freight carriers in the country, moved its corporate headquarters to Ann Arbor, Mich., and launched a new business to provide logistics services.

European Union truck drivers will be limited to a 48-hour work week if a proposal now being drafted by the European Commission in Brussels becomes law.

Consolidation continues to dominate the financial scene in trucking. In the past week alone, three truckload carriers, a leasing company, a distribution firm and a truck parts distributor announced deals.

Volvo Truck Corp. has temporarily stopped production of heavy trucks at its Curitiba, Brazil truck plant because of concerns the global economic crisis may visit Latin America’s biggest economy next.