Merrill Lynch has a "buy" recommendation for ADESA and increased its outlook for 2004, spurred by the company's third quarter results. ADESA reported earnings of 32 cents per share which was 30 cents above the estimate from Lynch and 27 cents the industry consensus.
Background Federal Motor Carrier Safety Administration is part of US Dept of Transportation
It is illegal to drive drugged in every state, but proving that the driver was impaired is a problem with prosecutions.
Background C-TPAT = Customs-Trade Partnership Against Terrorism FAST = Free and Secure Trade