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A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said it may seek a Chinese investor to join a consortium of buyers, which could bring more U.S. scrutiny to the deal.

Analysts have speculated that a Union Pacific-Norfolk Southern tie-up could leave the next-biggest companies in the industry — BNSF and CSX — to at least consider their own combinations.

Indian Commerce Minister Piyush Goyal called U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer “very dear friends.”

The ATA For-Hire Truck Tonnage Index slipped 0.4% sequentially to 113.3 from 113.8 in May. The index also decreased 0.1% from the same time last year.

A merger would create a single U.S railroad with service stretching from the East to the West Coast.

Union Pacific and Norfolk Southern are in merger talks that would create a railroad in North America that essentially connects the East and West Coasts.

At a Senate Commerce subcommittee hearing, ATA President Chris Spear emphasized the significance of adopting technologies and applications designed to facilitate the flow of freight.

Ohio Gov. Mike DeWine unveiled two pairs of modern rest areas with a total of 40 truck parking spots along U.S. Route 33 near Columbus and on the U.S. 30 east-west corridor near Indiana.

“Canada will not accept a bad deal. Our objective is not to reach a deal whatever it costs,” Prime Minister Mark Carney told reporters after meeting with the country's provincial leaders.

“The top-down macro evidence seems clear: Americans are mostly paying for the tariffs,” George Saravelos, global head of FX research at Deutsche Bank.