91ÊÓƵ

Canadian Pacific Railway Ltd. last week presented Norfolk Southern Corp. with an acquisition offer worth at least $28.1 billion, rekindling the fires of rail consolidation that have been dormant since 1999.

Weekly U.S. intermodal rail traffic declined for the fourth consecutive week from the same period last year, according to the Association of American Railroads.

The National Association of Manufacturers is urging transportation leaders to quickly advance a multiyear highway reauthorization bill that boosts investments in freight transportation, and trucking productivity.

Triton Container International and TAL International Group have agreed to a merger, creating the world’s largest lessor of intermodal shipping containers with a combined fleet of nearly 5 million 20-foot equivalent units and revenue earning assets of $8.7 billion.

Shipments rose 3% last month at Savannah, Georgia, the nation’s fourth-largest container port, as shipment growth continued at the second-busiest port on the Atlantic Coast, the Georgia Ports Authority reported.

Alkane Truck Co. announced that it will begin production in early 2016 on a Class 7 cabover truck powered by either liquid propane autogas or compressed natural gas.

Software provider Logistical Labs is offering a door-to-door intermodal booking system for CSX and some Norfolk Southern truck-rail service.

Weekly U.S. intermodal rail traffic declined for the third consecutive week from the same period last year, according to the Association of American Railroads.

Deutsche Post AG’s third-quarter profit plunged 71% after the German delivery company booked 345 million euros ($372 million) in costs from a failed software project. The shares dropped the most in 2 1/2 months.