NS had decried initial offer as inadequate and unlikely to pass regulatory scrutiny, and Canadian Pacific’s new offer includes a lower cash component and larger share in a proposed holding company that would own both Class I railways.

The Commerce Department reported Friday that U.S. exports of goods and services fell in October to $184.1 billion from $186.8 billion in September.

The French ocean carrier terminated its MEDGULF loop between the Mediterranean, Caribbean and the East Coast of North America, and commenced its Med Gulf Ecuador loop, which has a similar rotation and slightly larger vessels.

The containership ran aground off Sangiang Island in Indonesia’s Sundra Strait on Friday while en route from Adelaide, Australia to Jakarta, Indonesia.

The forwarder is currently testing Postbus Courier, a new service for urgent parcel deliveries, between Berlin and Hamburg, Germany.

The Hamburg, Germany-based carrier opened two new offices in Rio de Janeiro, Brazil and Dubai, United Arab Emirates.

The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.

Ocean carriers CMA CGM, Hapag-Lloyd, MOL and OOCL issued general rate increases.

The deal would merge the world’s third largest and 12th largest container carriers, creating a combined company with 563 ships with capacity of about 2.4 million TEUs and annual revenues of $22 billion.

The deal would merge the world’s third largest and 12th largest container carriers, creating a combined company with 563 ships with capacity of about 2.4 million TEUs and annual revenues of $22 billion.