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President Bush outlined an energy plan Tuesday that would boost the use of alternate fuels such as ethanol and biodiesel, and would seek a 20% reduction in gasoline use in the next 10 years, news services reported.

Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.

The Transportation Department’s recent proposal to use electronic onboard recorders to monitor driver hours is “weak” and ineffective, safety advocacy groups said last week, while some trucking industry organizations applauded the plan.

Click here to write a Letter to the Editor. The problem is not with the “black box,” it’s with the 14-hour rule. We are not children, we are professionals. So why doesn’t anyone understand the problem? We are always up against the wall when it comes to hours of service.

Driver Gets Life in Smuggling Deaths • New Passport Rule Takes Effect • Okla. Study Cites Cellphone Accident Hazards • N.D. Lawmaker Wants 40-Mph Minimum on Interstates

Crude oil prices surged more than $2 a barrel Tuesday after Energy Secretary Samuel Bodman said President Bush plans to double the size of the U.S. Strategic Petroleum Reserve by 2027, Bloomberg reported.

The average price of retail diesel fuel fell 3.3 cents to $2.43 a gallon, the Department of Energy said Monday.

Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.

Average U.S. retail gasoline prices fell 14 cents over the past two weeks to $2.18 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

Trucks operating in California would be required to meet tighter emission standards under a plan proposed by Gov. Arnold Schwarzenegger (R) to spend $3.1 billion in bond money to improve four key freight corridors.