Canada’s two major freight railroads reported higher second-quarter earnings from a year ago on stronger rates and volume.

Rapidly growing XPO Logistics Inc. agreed to buy 3PD Inc., a third-party logistics company, for about $365 million in the most expensive publicly disclosed transport-sector transaction this year.

Hub Group Inc. reported higher second-quarter earnings on improved revenue at its intermodal and logistics units.

Kansas City Southern’s second-quarter net income fell to $15 million, or 14 cents a share, from $120 million, or $1.09, a year ago.

South Florida Logistics Services said it has hired 30-year industry veteran Chris Scott as its new CEO.

Union Pacific Corp. said Thursday its second-quarter profit rose 10% to an all-time high, despite carloads dipping 1% in in the quarter.

CSX Corp.’s second-quarter earnings rose to $535 million, or 52 cents a share, from $512 million, or 49 cents, a year ago.

The Mexican government said it would invest close to $100 billion in road, port and rail projects over the next five years, the Associated Press reported.

XPO Logistics said Monday it has agreed to buy supply chain services company 3PD Inc. for about $365 million.