Canadian Pacific Railway Ltd. is weighing options such as a proxy fight after Norfolk Southern Corp.’s board of directors for the third time rejected an acquisition offer as “grossly inadequate†and unlikely to pass regulatory muster.
January 4, 2016Business, Logistics
November Trailer Orders Climb 10%, Driven by Big-Fleet Demand
Net orders in November for new truck trailers were the third-highest of all time as large fleets sought replacement units and continued a solid order season, ACT Research Co. reported.
January 4, 2016Business, Safety, Government, Logistics
George Washington’s Battle Experience Led to First National Road for Freight
FORT NECESSITY, Pa. — Dwight Eisenhower is often cited for the major role he played in making surface transportation an important federal responsibility, but the idea didn’t start with Ike. It goes back to the first popular general-turned-president — George Washington.
January 4, 2016Business, Logistics
Megaship Docks in L.A. as Change Roils Shipping Industry
The largest containership ever to arrive at a North American port is docked at the southern tip of Los Angeles, a sign of the rapid changes under way in the global shipping industry.
December 30, 2015Business, Logistics
NFI Starts Dedicated Fleet in Florida Using CNG
Supply chain services provider NFI Industries announced that it launched a natural gas-fueled dedicated fleet in central Florida to serve a national home improvement retailer in the region.
December 28, 2015Logistics
Norfolk Southern Again Rejects Canadian Pacific Acquisition Offer
Norfolk Southern Corp. for the third time rejected an acquisition offer from Canadian Pacific Railway Ltd., saying the latest proposal also was †grossly inadequate†and “creates substantial regulatory risks and uncertainties that are highly unlikely to be overcome.â€
December 23, 2015Business, Safety, Government, Logistics, Technology, Equipment
AASHTO Sets Roadside Safety Device Installation Schedule
The American Association of State Highway and Transportation Officials announced its approval on Dec. 22 of a schedule for implementing the use of such roadside safety hardware devices as guardrails and crash cushions on the National Highway System that meet new crash-testing standards.
December 22, 2015Business, Logistics
November Trailer Orders Third Highest in History, FTR Reports
Net U.S. trailer orders in November exceeded expectations for the second consecutive month, rising to the third-highest monthly total on record, research firm FTR reported.
December 21, 2015Logistics
Canadian Pacific Enhances Offer to Purchase Norfolk Southern
Canadian Pacific Railway Ltd. enhanced its offer to acquire Norfolk Southern Corp. by at least 10% and signaled a proxy fight for the U.S. carrier would start in February if there are no talks beforehand.
December 16, 2015Government, Logistics
Canadian Pacific-Norfolk Southern Bid Raises Lawmakers' Concern
Canadian Pacific Railway Ltd.’s bid to merge with Norfolk Southern Corp. has raised concerns among Democratic lawmakers from Illinois, who sent a letter to regulators urging them to consider potential negative impacts on the Chicago rail hub.
December 16, 2015