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NEW YORK – Shares of trucking company Swift Transportation Co. are sliding in their debut on the New York Stock Exchange.

The stock of Phoenix-based Swift lost 4 cents to $10.96 in afternoon trading. Swift priced 73.3 million shares in an initial public offering at $11 apiece, below its estimated range of $13 to $15 each.

Swift is the biggest truckload carrier in North America, and operates 16,200 tractors, most of them company-owned. It is run by founder and CEO Jerry Moyes, who took it private in 2007.

Trucking companies have been struggling during the recession. Swift booked a net loss of $77.1 million through the first nine months of this year, but the company said the freight market is improving.

The stock trades on the NYSE under the symbol "SWFT."

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WASHINGTON — President Barack Obama Monday lobbied for Republican support to Capitol Hill for a burst of expenditure on projects for transport, calling its proposal a creator of jobs in the middle class and an investment behind in the foundation of the country.

"There is no reason why we cannot do that," Obama stated within a brief garden event. "There is no reason why the best infrastructure in the world should lie beyond our borders." It's America .we have always had the best infrastructure... all we need is the political will.?

Obama proposes a plan of 50 billion dollars as a first step towards a program of six-year transportation program.? It calls for binding or maintain thousands of kilometres of roads, tracks and trails from the airport, with installation of a new system of air navigation routes to reduce the time of travel and other projects.

The President unveiled the idea to work day. Monday's event amounted to a new chance to encourage .the President met privately with Governors, mayors, transport managers and Secretaries to the Cabinet and then found with some of them before the cameras as he made his case.

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Time is also as Obama is eager to show action on just before the elections on 2 November, with his party in danger of losing a significant number of seats in the House and Republican support request Sénat.Obama Congress saying sluggish economy generally work infrastructure draws bipartisan support.But such cooperation seems unlikely in the current partisan atmosphere.

The economy continues to dominate the concerns of public.Le also slashed public sector job in September, including the largest reductions by local communities in 28 ans.Obama said its program could foster employment immediately and help to compensate for what he calls years of expensive inattention to the infrastructure of the country.

"Everywhere else they think big.Ils create jobs today, but they're also playing to win tomorrow" Obama said some of the top economic competitors to the United States. "" ""So the bottom line is our myopia came due.Nous cannot go further.?

Administration published a new analysis of the Obama said that it would be particularly useful with middle class jobs in construction, manufacturing and selling retail plan.

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