Transportation: Page 520

Electrification

Business Interruption Claims Are on the Rise with Interconnected Global Supply Chains

Fire and explosion are main causes of business interruption loss with cyber attacks, strikes and pandemics growing

U.S. Lawmakers To Scrutinize AB InBev/SABMiller Merger

Anheuser-Busch InBev

AB InBev chief executive Carlos Brito will testify before the Senate Judiciary Committee.

A successful takeover would give AB InBev beer brands such as Peroni and Grolsch and control of about half of the industry’s profit.

Norfolk Southern Rejects Canadian Pacific’s Revised Bid

Norfolk Southern Corp.

The consideration offered in the revised proposal is less than the prior proposal, which the Norfolk Southern board unanimously determined was grossly inadequate.

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WTO Approves Retaliatory Tariffs on U.S. Produce And Meat Over COOL

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Investor Group Buys Keurig Green Mountain For $13.9 Billion

Keurig Green Mountain, Inc. , and JAB Holding Co. announced that the companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for approximately $13.9 billion.

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CCM CGM Agrees To Acquire Neptune Orient Lines

CMA CGM, a global leader in container shipping, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company, subject to the satisfaction of the pre-conditions specified in su

CMA CGM has made a preliminary offer for Neptune Orient and is conducting due diligence, though it hasn’t been granted exclusivity, while discussions with Maersk are less advanced, people with knowledge of the matter said before Neptune Orient’s announcement.

Norfolk Southern Rejects Canadian Pacific’s Takeover Bid

Norfolk Southern Corp.

Norfolk Southern Corp. unanimously rejected Canadian Pacific’s previously-announced unsolicited, low-premium, non-binding, highly conditional indication of interest to acquire the company.

After a comprehensive review, conducted in consultation with its financial and legal advisors, the Norfolk Southern board concluded that the indication of interest is grossly inadequate, creates substantial regulatory risks and uncertainties that are highly unlikely to be overcome, and is not in the best interest of the Company and its shareholders.

Thai Union Group Scraps Plans To Buy Bumble Bee Seafoods Due To U.S. Regulator Concerns

The deal would have given Thai Union control of some of North America's best-known seafood lines, including two of the three biggest canned tuna brands in the United States, and was part of its quest to hit revenue of $8 billion by 2020.

Trucking Industry Welcomes Highway Bill Agreement; Cites Need For Stronger Measures

ATA is also disappointed the final bill does not address the potential patchwork of state rules unleashed by allowing California and other states to impose their own work and rest rules.

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Highway Bill Opens Door To Lower Truck Driving Age And Other Changes

The bill caps a fierce lobbying battle over recent weeks by an array of groups, including port operators, local transit administrators, organized labor, trucking companies, road builders and others that see this as their best chance to influence spending.

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FMCSA Issues Rule To Protect Drivers From Coercion To Violate Safety Rules

Federal Motor Carrier Safety Administration (FMCSA)

The rule provides FMCSA with the authority to take enforcement action not only against motor carriers, but also against shippers, receivers, and transportation intermediaries.

ABF Logistics Acquires Bear Transportation Services, L.P.

This acquisition is the second of the year for ABF Logistics after its purchase of Oklahoma City-based Smart Lines Transportation Group in January 2015.

ABF Logistics, an ArcBest company, has acquired Bear Transportation Services, L.P., a private, non-asset truckload brokerage firm headquartered in Plano, Texas, for cash of $26.0 million, subject to normal post-closing adjustments.

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