Intermodal

The Senate passed a $550 billion infrastructure plan that would represent the biggest burst of spending on U.S. public works in decades and notch a significant victory for President Joe Biden’s economic agenda.

Canadian Pacific Railway Ltd. is preparing to make a new, higher bid for Kansas City Southern, in an effort to usurp the U.S. railroad’s pending deal with rival Canadian National Railway Co., the Wall Street Journal reported.

The broad $550 billion infrastructure package cleared its last procedural hurdles in the U.S. Senate Sunday night, setting up a vote on final passage as soon as Monday.

A Silicon Valley startup says the global race to develop fully autonomous trucks reached a milestone when a semi used its technology to navigate traffic on a Chinese highway with no driver, even as a safety backup.