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Crude oil closed at a record high $56.46 a barrel Wednesday following a Department of Energy report showed U.S. gasoline inventories fell more than expected last week, news services reported.

Housing starts rose 0.5% in February to a 21-year high, the Commerce Department said Wednesday.

As the Bush administration moves more deeply into its second term, federal and state transportation officials and trucking industry administrators still are trying to reach a consensus on how to lessen the possibility that trucks might be used as part of a terrorist attack.

Moving firm Sirva Inc. said Wednesday it would delay filing its 2004 annual report to restate past earnings and complete an internal review and audit.

House Passes Spending Bill With Border-Security Provisions • DHS Document Outlines Potential Attacks • D.C. Anthrax Tests Show Up Negative • TransCore Introduces RFID Driver-Identification Technology • And more...

Canadian National Railway Co. said it was committed to reaching agreements with labor unions that run its system but that it will maintain freight operations in the event of strikes or a lockout.

A Senate committee Wednesday approved a $284 billion transportation spending bill, though members said they would try to raise the amount before the bill becomes law, Bloomberg reported.

Navistar International Corp. pushed back its first-quarter earnings announcement a month until mid-April because of an internal audit that led the company to restate previous results, Bloomberg reported.

The Surface Transportation Board ruled that federal law pre-empts parts of a proposed ban of hazardous materials transportation by the District of Columbia.