Business

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.

DaimlerChrysler AG said it expects its heavy truck division, including Freightliner, to maintain its profitability, even in the face of flagging U.S. sales, Bloomberg reported Friday.

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.

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.

Express-1 Expedited Solutions said Thursday it earned $1.6 million or 6 cents a share in the fourth quarter, up from $597,000 or 2 cents a year earlier.

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.