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Initial Jobless Claims Drop 19,000, Labor Dept. Says

The number of U.S. workers filing for initial unemployment benefits fell by 19,000 in the week ended April 2, the Labor Department reported Thursday.

April 7, 2005

Moody's Cuts GM's Debt Rating

Moody’s Investors Service downgraded the debt rating of General Motors Corp., the Wall Street Journal reported Wednesday.

April 6, 2005

U.S. to Require Passports at Borders to Boost Security

U.S. citizens will be required to show their passports when they re-enter the United States from Canada, Mexico and the Caribbean by 2008 under new federal rules, news services reported Wednesday.

April 6, 2005

ABX Air Applies For Nasdaq Listing

Air cargo carrier ABX Air Inc. said Wednesday it applied for listing on the Nasdaq National Market.

April 6, 2005

FMCSA Says Transport Groups Prefer Incentives Over Penalties

The Federal Motor Carrier Safety Administration said that people with interests in commercial transportation would prefer safe-operations incentives that emphasized rewards over those with punishments.

April 6, 2005

CN Orders 75 New High-Powered Locomotives

Canadian National Railway said Wednesday it ordered 75 new high-horsepower locomotives from two builders.

April 6, 2005

Security & Safety Briefs - March 31 - April 6

Lawmakers Working to Revamp Patriot Act • FHWA Urges Caution Near Construction Areas • DHS Holds Mock Attack Drill • ‘Minuteman’ Border Scouts Draw Mixed Reviews

April 6, 2005

DOT’s Transportation Services Index Rises

The Department of Transportation said Wednesday its transportation services index rose 1.9% in January from the previous month.

April 6, 2005

Crude Oil Falls Following DOE Inventory Report

Crude oil fell Wednesday for a third straight day after the Department of Energy issued its weekly inventory reports showing strong oil stocks, Bloomberg reported.

April 6, 2005