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Union Pacific Railroad has laid off 124 people and cut back hours for 455 more because of lower freight demand, the Associated Press reported, and a market analysis firm Monday lowered its market outlook for the rail sector.

Inspectors from the Federal Motor Carrier Safety Administration will travel to Mexico to conduct safety audits on trucking companies interested in hauling cargo to and from the United States, the Department of Transportation said late Thursday.

EL PASO, Texas — The United States will grant Mexican trucks access to U.S. highways under a pilot program, Transportation Secretary Mary Peters announced here today.

Canadian Labor Minister Jean-Pierre Blackburn introduced legislation Friday to force striking Canadian National Railway Co. employees back to work as early as next week, Bloomberg reported.

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

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.

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.

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.