AltaGas (TSX: ALA, OTC: ATGFF) says it plans to build Canada’s first terminal to export propane gas as it tries to cope with the glut of propane supplies. The terminal is expected to ship up to 1.2 million metric tons of propane a year to target buyers in Asia such as Japan and South Korea, beginning in 2018.

Management has already signed agreements with a port in British Columbia where the facility, which is expected to cost C$500 million (US$343 million), will be built.

The company also announced it will sell its natural gas and processing operations in Alberta to Tidewater Midstream for C$30 million in cash and 43.7 million Tidewater shares. The non-core assets represent less than 2% of its estimated 2016 EBITDA.

Due to slumping commodity prices, Artis REIT (TSX: AX-U, OTC: ARESF) is shopping some or all of its underperforming office properties in Calgary. The portfolio, which includes 20 office buildings with about 2.5 million square feet, makes up about 16% of its property net operating income. The occupancy rate of 86% is among the lowest in Artis’s portfolio, as energy companies continue to shed employees because of lower oil prices. The total amount hasn’t been specified, but the value of the properties is estimated at several hundred million dollars.

After acquiring Wind Mobile in December, Shaw Communications (TSX: SJR/B, NYSE: SJR) announced it will sell its media business Corus Entertainment, becoming a pure-play connectivity company. The $2.65 billion price tag for Shaw media involves $1.85 billion in cash and 71 million Corus Class B shares. This will give Shaw a 39% stake in Corus once the deal is completed.

New proceeds from the deal are expected to total about $1.8 billion and will be applied to its $1.6 billion acquisition of Wind Mobile. The acquisition is expected to close by the end of Shaw’s third quarter on May 31.

Progressive Waste Solutions (TSX: BIN, NYSE: BIN) announces it will merge with Waste Connections, forming a $4.1 billion company under the Waste Connections name.  It will also become the third-largest North American waste management company, behind Waste Management and Republic Services.

The all-stock deal will give Waste Connections stockholders ownership of about 70% of the combined companies, while Progressive Waste will own the remaining 30%.

The transaction was unanimously approved by both companies’ board of directors and is expected to close in the second quarter of 2016. The new company will use the Waste Connections name.

Management says it expects the complementary services to yield higher revenues, margins and free cash flow.

In the fourth quarter, New Flyer Industries (TSX: NFI, OTC: NFYEF) reported it delivered 660 equivalent units (EUs), compared to the 680 EUs it delivered in the prior year’s quarter. Due to steady demand for heavy-duty transit buses in North America, the company’s backlog continues to show strong growth with a 12-month book-to-bill ratio of 160%.

For the quarter, new firm orders consisted of 474 EUs valued at $280.4 million. Its new option orders totaled 765 EUs valued at $432.4 million.

At the end of the fourth quarter 2015, its total backlog stood 7,560 EUs valued at $3.85 billion, compared to 7,290 EUs, or $3.59 billion in the third quarter of 2015.