ExecutiveOrdersEO
MemoMemorandumClinton · D

Presidential Memorandum

Memorandum for the Secretary of Transportation [and] the United States Trade Representative

President Clinton extended for two years a moratorium on issuing operating certificates or permits to motor carriers from contiguous foreign countries (Canada and Mexico), maintaining a ban originally imposed under the 1982 Bus Regulatory Reform Act through September 19, 1996.

Federal Register Open PDF 60 FR 12393

Impact dates

  1. Moratorium expiration date

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

AutosAgricultureOther industrial

Mechanisms

Ban / prohibition

Role pressure

  • AdverseImporter — Mexican and Canadian motor carriers blocked from obtaining US operating authority, limiting their market access
  • ProtectiveDomestic producer — US trucking companies shielded from direct competition from contiguous foreign carriers
  • MixedDownstream manufacturer — US manufacturers relying on cross-border freight face constrained carrier options and potentially higher costs

Geographies

USMXCA

Exposure dates

  • — Moratorium expiration date

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MAAPLAppleADMArcher Daniels MidlandBGBungeCATCaterpillarCTVACortevaFFordFCXFreeport-McMoRanGEVGE VernovaGMGeneral MotorsHONHoneywellHYMTFHyundai MotorSPYSPDR S&P 500 ETFSTLAStellantisTSLATeslaTMToyotaTSNTyson Foods

Confidence: high · Policy alerts

Key directives

  • Extend moratorium on certificates/permits for foreign-domiciled motor carriers for 2 years
  • Maintain status quo through September 19, 1996

Who is ordered

Timeline

Immediate

  • Moratorium extension takes effect March 2, 1995

Near term (90d)

—

Long term

  • Moratorium expires September 19, 1996 unless earlier revoked or modified

Risks & tensions

  • Trade tension with contiguous neighbors (Canada, Mexico) over market access
  • NAFTA implementation context—cross-border trucking was contentious issue
  • Status quo preservation delays liberalization expected under trade agreements
Presidential Memorandum: Memorandum for the Secretary of Transportation [and] the United States Trade Representative · Executive Orders