Business

Initial jobless claims fell by 10,000 last week, following the previous week’s gain to a 14-month high, the Labor Department said Thursday.

Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.

FedEx National LTL, FedEx Corp.’s long-haul less-than-truckload unit, said that Chip Watkins, the division’s president, has resigned for personal reasons.

Richard Bailey was promoted to president of flatbed truckload carrier Boyd Bros. Transportation Co., the company said.

Air cargo shipments rose 2.1% in January from a year earlier, with about an even split in gains in domestic and international shipments, the Air Transport Association said.

Arkansas Seat Belt Law Gains Support • Train Accidents Decline for Second Year, DOT Says

The Department of Transportation’s move to conduct a broad test of opening the U.S.-Mexican border to truck traffic is a prudent step toward honoring mutual commitments made by both nations when the North American Free Trade Agreement was ratified.

In a 5-4 opinion, the Washington State Supreme Court has interpreted a state overtime provision to apply to interstate truck drivers who work in excess of 40 hours in a week, regardless of whether a portion of those working hours take place outside of the state.

OTAY MESA, Calif. — U.S. Department of Transportation officials said they would be interested in a potential study of larger or heavier trucks, suggested recently by the chairman of the House transportation committee.

EL PASO, Texas — The Transportation Department’s pilot project allowing a limited number of Mexican carriers to access U.S. highways would not diminish security at the border, Michael Jackson, deputy secretary of Homeland Security, said at a Feb. 23 press conference.