Business

The stage is set for a proxy battle between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. after the Canadian company’s $28 billion acquisition bid was again rejected last week by the U.S. company, according to Canadian Pacific’s own signals and analysts’ comments.

Heavy-duty truck makers and their major suppliers said they have been deeply involved in tackling climate change, well before heads of government met in Paris for the United Nations Climate Conference.

Federal regulators will soon be required to abandon plans to issue a final rule requiring tank truck carriers that haul flammable liquids to either retrofit their existing trailers to protect their wetlines or install a system to purge product from those lines.

Industry groups generally welcomed a FAST Act provision that would require the U.S. Department of Transportation to create performance metrics to reduce delays at major ports, speed future cargo flow and prevent a recurrence of delays that plagued ports over the past year.

The nation’s fleet of Class 8 trucks in operation climbed 5% during the first nine months of the year to a record 3.93 million, IHS Automotive reported, driven in part by an 11% jump in registrations of new trucks in the third quarter.

The federal rule requiring carriers to use electronic logging devices will dramatically accelerate the industry’s adoption of onboard technology, resulting in a market where some carriers will focus only on basic compliance while others will look for additional features to improve efficiency, suppliers and analysts said.