In debt trading the government's benchmark 10-year pesobond MX10YT=RR lost 0
Posted by Admin· Print This Article
In debt trading, the government's benchmark 10-year pesobond MX10YT=RR lost 0.348 of a point in price, pushing theyield up 5 basis points to 7.78 percent. In the equities market, shares in wireless operator AmericaMovil (AMXL.MX), Latin America's biggest wireless operator,gained 1.29 percent to 25.06 pesos, while U.S.-traded shares(AMX.N) added 1 percent to $37.99. Deutsche Bank raised its price forecast for America Movil'sU.S. shares to $45 in a report on Tuesday, noting strongercurrencies in Latin America as well as improved investorsentiment about the region. Top retailer Wal-Mart de Mexico (WALMEXV.MX) added 1.79percent to 39.29 pesos. (Reporting by Michael O'Boyle; editing by Jeffrey Benkoe) Stocks Currencies France Mexico.
ARLINGTON, Va., May 26 /PRNewswire-USNewswire/ -- The American TruckingAssociations (ATA) supports the "Freedom from Tolls Act," which was introducedby Sen. Kay Bailey Hutchison (R-Texas) and would limit the spread of tollingon federal highways.The bill (S.1115) would prohibit states, privateentities and private-public partnerships from adding tolls on existing federalhighways, bridges or tunnels built with federal funding. "Highway users have paid for these highways through fuel taxes," said ATAPresident and CEO Bill Graves. "Additional tolling on our National HighwaySystem is nothing more than an ill-conceived quick fix for transportationfunding shortfalls."Referred to the Senate Environment and Public Works Committee, the legislationdoes not prohibit tolls on new construction, and also exempts the conversionof HOV lanes to toll lanes from the prohibition."ATA supports the continued reliance on fuel taxes as the primary means offunding much needed strategic investments in highway freight transportation,"said Graves. "The trucking industry has long opposed additional tolling on anyexisting highways or roads because collecting fuel taxes costs far less thanany other proposed alternatives, making it the most efficient way to fundhighway projects," said Graves.In a press release, Sen.
Hutchison said, "As we work to meet ourtransportation needs, we must think broadly and avoid band-aid solutions, liketolling, that will ultimately exacerbate congestion and divert traffic intoresidential neighborhoods and onto smaller, less safe roads."In 2007, Sen. Hutchison successfully passed legislation that prohibits thetolling of existing federal highways built with taxpayer dollars in Texas TheSenate extended this prohibition through Sept 30, 2009.Sen. Hutchison has been working to prohibit this form of double taxation since2005, when she introduced an amendment to the Senate version of the Safe,Accountable, Flexible and Efficient Transportation Equity Act: a Legacy forUsers (SAFETEA-LU) which sought to limit tolling of Interstate Highways.The American Trucking Associations is the largest national trade associationfor the trucking industry. Through a federation of other trucking groups,industry-related conferences, and its 50 affiliated state truckingassociations, ATA represents more than 37,000 members covering every type ofmotor carrier in the United States.SOURCEAmerican Trucking AssociationsClayton Boyce, Vice President, American Trucking Association, +1-703-838-7902,+1-703-408-3716.

