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OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.

Canadian Pacific Railway said it earned C$218.6 million or C$1.41 a share, up from $163.8 million or C$1.04 a year earlier.

Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.

U.S. consumer confidence fell in October, the New York-based Conference Board said Tuesday.

Kansas City Southern railroad said its third-quarter earnings jumped 58%, as it handled more autos, coal and chemicals.

YRC Worldwide Chairman and Chief Executive Officer Bill Zollars said he sees no sign that a yearlong slump in U.S. trucking will ease, Bloomberg reported.

The United Auto Workers narrowly approved a proposed contract with Chrysler LLC, Bloomberg reported.

ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, suggested the 2009 highway reauthorization package could include a mandate for fleets to install safety technology on their trucks, regardless of who wins the next presidential election.

Rather than trying to hold back the tide, American Trucking Associations’ leaders have decided the industry should get ready to funnel, in beneficial ways, the political groundswell that is rising behind the popular surge of interest in global warming.