JUDGE PLANS TO BAR
NY RAIL LABOR STRIKESNEW YORK - A federal judge says he will issue an injunction to bar metropolitan area commuter railroad workers from honoring the picket lines of Eastern Airlines strikers.
U.S. District Judge Robert P. Patterson Jr. said there is "a clear risk of immediate and irreparable injury to (four area railroads) and the public" if railroad unions are allowed to call sympathy strikes.
"Accordingly, a temporary injunction will be issued, restraining defendants (the rail workers unions) from engaging in sympathy strikes, slowdowns or other concerted labor activity in connection with any picketing of plaintiffs (the Long Island Rail Road, Metro-North Commuter Railroad, New Jersey Transit and Amtrak)" by striking Eastern Machinists, he said in a 34- page opinion.
The opinion was released Tuesday morning.
FITCH INVESTORS BOOSTS
NAVISTAR DEBT RATING
NEW YORK - Fitch Investors Service Inc. said it has raised the rating on the senior debt issues of Navistar International Transportation Corp. to ''BBB" from "BB+", and the one on its one subordinated debt issue to ''BBB-" from "BB".
The company is the principal operating subsidiary of Navistar International Corp. These changes affect approximately $143 million of outstanding debt.
With its restructuring and recapitalization accomplished successfully, Fitch said, Navistar has been participating in the strong recovery of the medium- and heavy-duty truck market in North America, maintaining its combined market share leadership.
A constant stream of new product flows and cost reduction programs continue, geared to maintain profitability and competitive position. The company also has funded vested pension liabilities and has a strong financial position.
Navistar International, based in Chicago, is the largest North American producer of medium- and heavy-duty trucks and the world's leading producer of mid-range diesel engines.
CALIFORNIA PUC ISSUES
NEW TRUCKING PERMITS
SAN FRANCISCO - The California Public Utilities Commission late last week issued its first set of trucking permits since the state enacted stricter safety requirements last year.
The following companies received permits:
Highway contract carriers Carl E. Pierce Medical Plus, RMH Trucking and Farming Inc., seasonal agricultural carriers Louis Perez and Jim Hun Vantress Farming and tank carrier Peniston's Transportation.
Three carriers also received transfer of authority permits: DLP Enterprises, Great Western Transportation Inc. and Wiegand Button Motor Express Inc.
The new requirements cover financial, residency, insurance and truck safety and maintenance standards.
A PUC spokesman said 1,200 permit applications are still pending approval.
DAMAGED POWER LINES
DELAY COMMUTER TRAINS
NEW YORK - Damage to its overhead power supply caused delays of up to an hour Tuesday on the New Haven line of the Metro-North Commuter Railroad.
The damage occurred at 8:30 a.m. at Mount Vernon, N.Y., and initially stopped all train traffic on the New Haven line. The damage left only one track open and that caused severe delays on trains into Grand Central Terminal.
As of 11 a.m., about two dozen inbound trains and roughly eight northbound trains had been delayed.
Officials believe that one of the pantographs that rise up from the roof of each train and collect electricity to run the motors got entangled in the overhead power lines. How this might have happened is under investigation.
GM MAILS 470,000
DETROIT - Profit-sharing checks totaling $114 million were mailed to approximately 470,000 General Motors Corp. hourly and salaried employees in the United States.