Transportation

Railroads strike $25B merger

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a transaction valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

Boeing faces new hurdle in delivering Dreamliners: WSJ

Federal air-safety regulators have stripped Boeing Co.’s authority to inspect and sign off on several newly produced 787 Dreamliners, part of heightened scrutiny of production problems that have halted deliveries of the popular wide-body jets.

Jet Blue founder's Breeze Airways cleared for takeoff by DOT

According to an application submitted last year, the airline plans to fly to “neglected, forgotten markets” in 2021 using smaller planes to reduce costs. Breeze's initial markets will be underserved city-pairs that are currently without nonstop service, including destinations east of the Mississippi river and in the Southeast and mid-Atlantic region. 

Biden's infrastructure push focuses on America's competitiveness

Thursday's meeting came a day after the American Society of Civil Engineers graded the nation’s infrastructure as a lackluster “C-.” The group said $5.9 trillion must be spent over the next decade for safe and sustainable roads, bridges and airports. That recommendation is about $2.6 trillion more than what the government and private sector spend.