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J.B. Hunt Switches Accounting Firms

J.B. Hunt Transport Services Inc.’s audit committee decided to change accountants for the truckload carrier, hiring Ernst & Young and firing KPMG, the Springdale (Ark.) Morning News reported Thursday.

April 7, 2005

OPEC to Meet With European Officials; Saudis May Boost Output

OPEC oil producers may produce more oil to cope with surging world demand and the cartel’s ministers will meet in June with European Union officials, news reports said Thursday.

April 7, 2005

Stonepath Reports 4Q Loss; Files Amended 2004 Statements

Logistics firm Stonepath Group reported a net fourth-quarter loss of $6 million or 15 cents a share, compared with net earnings of $1.7 million or 4 cents a year earlier.

April 7, 2005

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

Judge Proposes CSX, D.C. Compromise on Hazmat Ban

A federal judge proposed to broker a compromise between the Washington, D.C., government and CSX Transportation Inc. in an ongoing dispute over the city’s pending ban on rail shipments of hazardous materials, the Washington Post reported.

April 6, 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