Union Pacific Corp. said it’s looking for a candidate to replace Chief Executive Officer Lance Fritz. A hedge fund that owns a roughly $1.6 billion stake in Union Pacific pushed for his ouster. 

CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion.

EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.

KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.

Cold-storage specialist Lineage Logistics is branching into rail.

Cold-storage specialist Lineage Logistics is branching into rail.

Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.

Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.

VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter.

SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.