Norfolk Southern Corp. set a May 12 showdown with potential buyer Canadian Pacific Railway Ltd. by announcing that date for the annual meeting, where shareholders will say whether they want the board to negotiate a merger with the Canadian carrier.

Consumer confidence rebounded more than forecast in March as American households grew more upbeat about prospects for the labor market and economy.

While there is some evidence that fatigue among truck drivers increases the risk of crashes, questions remain about effective ways to minimize that risk, according to a new report from the National Academies of Sciences, Engineering and Medicine.

The head of the Justice Department’s antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp.

Canadian Pacific Railway still is interested in exploring a merger with CSX Corp. even as Canada’s second-largest carrier continues to pursue Norfolk Southern Corp., CEO Hunter Harrison said.

The facility is a month shy of its second birthday, but Winter Haven, Florida, city and business leaders say the CSX intermodal terminal and surrounding logistics center already are bringing the economic development they wanted.

Consumer confidence declined in the last week of February to the lowest level of the year as Americans’ perceptions about the economy and the buying climate waned.