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The Senate began its post-election reorganization Tuesday, reelecting party leaders and assigning lawmakers to committees. As expected, Majority Leader Trent Lott (R-Miss.) was reelected without opposition.

Celadon Group said it is reviewing strategic alternatives after a proposed buyout of the company for $20 a share by a unit of Odyssey Investment Partners was terminated Nov. 30.

A former official at the Federal Highway Administration was sentenced to more than three years in prison for his role in a bribery scandal.

The European Union's Ministers of Transport Committee has accepted a deal that allows EU registered trucks transit rights through Switzerland, but at a high price.

A superior court jury in Mecklenburg, Ohio awarded $2 million to a truck driver injured by falling cargo.

Three months ago, when Ike Evans took over the top leadership post at the nation's largest railroad, Union Pacific was coming off one of the worst years in its proud history.

CSX Transportation Inc. has asked a federal judge to strike down a new Vincennes ordinance regulating train traffic in the southwestern Indiana city.

Exxon Corp. today agreed to a $77.2 billion purchase of Mobil Corp., the richest merger of all time that creates the world's largest oil company.

U.S. Rep. John Ensign (R-Nev.) formally requested a recount of the closest U.S. Senate race in the nation, in which he lost to incumbent Democrat Harry Reid by 401 votes.

This year’s Capitol Christmas tree, a 50-foot Fraser fir, arrived Monday in Washington, D.C., powered by a Mack CH tractor. The 27-year-old tree was cut from the Pisgah National Forest in North Carolina.