Business

Canadian Pacific Railway said it has reached an agreement to acquire Dakota, Minnesota & Eastern Railroad Corp. for $1.48 billion.

The Federal Motor Carrier Safety Administration has sent its court-ordered revision of new-driver training guidelines to the White House Office of Management and Budget, and trucking industry and safety officials said they hoped the agency would publish the new rule before the end of the year.

Federal rail regulators are backing a technological change that will enable trains to stop more quickly while permitting them to travel longer distances between required brake tests, the Associated Press reported Tuesday.

An Italian manufacturer chose Ryder System to manage its supply chain operations in China, Ryder said late Tuesday.

A court decision vacating two aspects of the regulations that determine the work hours of professional truck drivers could erase a rule that contributed to a 4.7% decline in large-truck-related crash deaths in 2006 — unless cooler heads prevail.

On the front page of the July 30 issue of Transport Topics, there was an article titled, “NHTSA Revises ’06 Deaths Down to Lowest Total Since 2002.” On the same front page, there was another article titled, “Court Rejects HOS Rule.” Does anyone in the government read their own reports?

Billionaire investor Warren Buffett’s investment company, Berkshire Hathaway, may boost its freight rail line Burlington Northern Santa Fe Corp. to 25%, the Associated Press reported.

The Institute for Supply Management’s manufacturing index declined last month, ISM said Tuesday.

Construction spending fell in July by the most since January, the Commerce Department said Tuesday.