91ÊÓƵ

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

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.

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

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.

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

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

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

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.

Diesel and gasoline again broke records Monday, both climbing more than 5 cents a gallon to new highs, the Department of Energy said.

Brake and transmission products supplier Hawk Corp. said Tuesday it was increasing its first-quarter net sales and operations income guidance due to strong markets including in heavy-duty trucking.