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Morgan Stanley said Thursday it plans to acquire an 80% interest in the Port of Montreal, the third-largest container port in North America.

Crude oil closed at more than $60 a barrel for the first time this year Wednesday, while the Department of Energy reported Thursday that inventories of both gasoline and distillate fuel saw big decreases last week.

Universal Truckload Services earned $5.3 million or 33 cents a share in the fourth quarter, up from $4.7 million or 29 cents a year earlier.

Initial jobless claims fell last week by 27,000 following a big increase the previous week, the Labor Department said Thursday.

Deutsche Post AG, parent of DHL Americas, reported a 14% drop in its 2006 profit after it reduced its stake in the Deutsche Postbank financial-services unit, Bloomberg reported Thursday.

WASHINGTON — Leading members of the House Subcommittee on Transit and Highways from both parties sharply criticized the Department of Transportation’s recent push toward privatization and public-private partnerships.

The Federal Maritime Commission has approved a settlement negotiated between American Trucking Associations’ Intermodal Motor Carriers Conference and an FMC-regulated ocean carrier, ATA said Thursday.

Rail intermodal traffic fell 2.2% last week, due in part to continuing bad weather, the Association of American Railroads reported Thursday.

The average national retail price of diesel fuel rose 1.5 cents to $2.491 a gallon, the Energy Department reported Tuesday.

American Trucking Associations President Bill Graves criticized the growing trend of privatization of toll roads on CNBC’s “Street Signs” program Tuesday.