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Federal Reserve policy makers will likely leave their benchmark interest rate unchanged when they meet Tuesday afternoon, Bloomberg reported.

President Bush last week signed an executive order aimed at strengthening the security of the U.S. surface transportation system, including freight transport.

Heavy-duty components maker ArvinMeritor wants to triple its business with Asian vehicle makers in the next five years and is launching a restructuring program that try to cost cuts, grow revenue and development new products, the Associated Press reported.

The House and Senate passed historic postal reform legislation in the final hours of the 109th Congress after key negotiators brokered an agreement to modernize the U.S. Postal Service for the 21st Century, according to the office of Sen Susan Collins (R-Maine).

Axonn Updates Asset-Tracking Hardware • Dana Joins Transport Technology Consortium • EPA Certifies Caterpillar’s Heavy-Duty Engines • Indiana Toll Road to Offer Drivers Electronic Passes • And more...

Nearly 20 years ago, biometric identification was touted as a high-tech way of ensuring the validity of commercial driver licenses. What has happened to biometric IDs since then is a story of failed initiatives, some success and 9/11’s intrusion on the still-unresolved debate over standards.

Former Department of Transportation Secretary Norman Mineta will be among a handful of recipients of the 2006 Presidential Medal of Freedom, the highest U.S civilian award, the White House said.

Los Angeles-area port officials are planning to study whether magnetic levitation trains could be used to ferry cargo containers moving through the nation’s largest port complex, the Associated Press reported.

UPS Inc. said Monday it offered a voluntary separation agreements to about 650 employees as part of the company’s ongoing effort to eliminate redundant positions.

Insurance company American International Group bought six U.S. container ports from the United Arab Emirates’ state-owned DP World, Bloomberg reported Monday.