Stock in both Canadian Pacific Railway Ltd. and Norfolk Southern Corp. shot up yesterday amid rumors the second-largest Class I railroad in Canada is mulling a potential takeover of NS.

Sensor analytics company Savi said the acquisition of 17.65 percent of its shares by SGS, a leading inspection, verification, testing and certification firm, will allow it to access new markets.

Usage of global trade management systems is the highest in the United States, at 46 percent, followed by Latin America at 37 percent, East Asia at 21 percent, and India at 16 percent, according to a new study by Thomson Reuters and KPMG.

Linda Morgan, a well-known Washington transportation attorney and former U.S. Surface Transportation Board chairman, died at the age of 64 on Nov. 4 after a long battle with breast cancer.

The ocean carrier alliance announced a voyage cancellation plan for services between Asia and North Europe and the Mediterranean.

The Netherlands-based logistics provider posted a 27 percent year-over-year increase in EBITDA despite a 13.1 percent decline in revenues for the third quarter of 2015.

Wilmington, Del.-based vehicle processor AutoPort will lease 16 acres of Port Canaveral’s new auto terminal and commence operations at the Florida port in January.

The integrated logistics provider posted net profits of 13.7 million Kuwaiti Dinars on revenues of 335 million Kuwaiti Dinars for the third quarter of 2015.

A total of 15 foreign vessels called the Great Lakes port in October, which loaded a combined 260,000 metric tons of grain for direct shipment overseas.

Allianz Global Corporate & Specialty will offer rail and motor truck cargo, as well as warehouse and related property coverage throughout North America.