Canadian Pacific sets sights on rival railroad
Canadian Pacific says it wants to buy Norfolk Southern to create a much larger transcontinental railroad. The company did not disclose the price Tuesday but said the offer includes a “sizable premium in cash and stock” to Norfolk shareholders. A Norfolk Southern representative could not be reached immediately. Canadian Pacific operates in Canada and the United States. The purchase would significantly expand its reach. Virginia-based Norfolk Southern operates 20,000 route miles in 22 states and the District of Columbia. Canadian Pacific says the combined company would have the potential for faster profit growth than either could achieve alone.
Cheap gas means more holiday travelers
A stronger economy and lower gas prices mean Thanksgiving travelers can expect more congested highways this year. During the long holiday weekend, 46.9 million Americans are expected to go 50 miles or more from home, the highest number since 2007, according to travel group AAA. That would be a 0.6 percent increase over last year and the seventh straight year of growth, but shy of 2007’s prerecession high point. Almost 90 percent of holiday travelers will be driving. And they will be paying much less at the pump. AAA says the average retail price for gasoline is now $2.15 per gallon, 74 cents cheaper than the same time last year.
Tyson recalls bags of cooked chicken wings
Tyson Foods Inc. is recalling more than 52,000 pounds of chicken wings after customers complained the product had a bad odor. The U.S. Department of Agriculture also said that some customers reported falling ill. The recall is for its 28-ounce bags of fully cooked Tyson Any’tizers Hot Wings in a Buffalo sauce. The bags have “Best If Used By” dates of Oct. 24 and Oct. 25, 2016. They were sold nationwide. The USDA says customers should throw out the recalled product or bring it back to where it was purchased.
American revamps frequent flier program
American Airlines is changing its frequent flier program, becoming the latest carrier to have passengers earn miles based on how much they spend rather than how far they fly. The move announced Tuesday follows similar changes by Delta Air Lines and United Airlines and benefits business travelers who purchase expensive, last-minute tickets. The Fort Worth, Texas-based airline also tweaked its reward chart, effective for trips booked after March 22. The biggest change domestically is the introduction of new 15,000-mile round-trip awards for short flights of 500 miles or less.
KFC starts home delivery in a few markets
Colonel Sanders wants to come to your home. KFC said it will start delivering its buckets of fried chicken and sides to customers in two U.S. cities. Starting Thursday, people in Los Angeles and San Francisco will be able to have food delivered. KFC said it expects to expand the delivery service into Houston by the end of the year. More cities may come later. Customers will have to make orders through online delivery company DoorDash’s app or website. There’s a delivery fee between $4.99 and $6.99, depending on a customer’s location.