Transportation News
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Canadian Pacific Railway Ltd. jumped in early trading amid Pershing Square Capital Management LP’s plans to hold talks with management after purchasing a 12.2 percent stake.
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Honda Motor Co. said its U.S. sales are growing in October, defying analysts’ projections. That may drive industrywide deliveries to exceed the average outlook, already anticipated as the best in eight months.
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Air France’s 15,000 cabin crew disrupted flights for a third day in protest at cuts to staffing levels, grounding about 15 percent of services including long- haul trips to Atlanta, Los Angeles, Montreal and Washington.
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Mitsui O.S.K. Lines Ltd. and Nippon Yusen K.K., Japan’s largest shipping lines, are cutting container services after reversing profit forecasts for this fiscal year to net losses. The shares fell.
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