Tag: KCS

Canadian regulators propose more detailed requirements for reporting railroad performance metrics

By Bill Stephens for trains.com Railroads would have to report local service data as well as locomotive and crew availability Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation […]

Union Pacific asks regulators to delay, extend review of CP-KCS merger

Chemical shippers also seek longer comment period By Bill Stephens for trains.com WASHINGTON – Union Pacific has asked federal regulators to delay and extend their review of the proposed merger of Canadian Pacific and Kansas City Southern. UP wants the Surface Transportation Board to treat the CP-KCS merger application as if it were filed on […]

One of two Canadian railroads bidding for Kansas City Southern drops out.

By Lauren Hirsch for nytimes.com Canadian Pacific has emerged as the winner in a long-running battle to acquire Kansas City Southern, putting it in position to become the first railroad operator whose network extends from Canada to Mexico. Its rival in the bidding, Canadian National, said on Wednesday that it had received notice from Kansas […]

KCS, NS, UP evaluate hurricane damage

Posted by progressiverailroading.com Three Class Is are evaluating the impact Hurricane Ida has had on their operations in Louisiana and Mississippi. Kansas City Southern, Norfolk Southern Railwayand Union Pacific Railroad yesterday issued customer service advisories on how the storm is affecting service in the region. The hurricane made landfall along the Louisiana coast on Aug. 29. KCS’s mainline […]

Two Canadian railroads want KCS. It’s a fight that will test regulations and already has shippers on edge.

KCS’ acquisition proposal is the first time Class I railways have tried to combine since the STB issued revised antitrust regulations in 2001. By Katie Pyzyk Contributor for supplychaindive.com North American railways have suddenly become hotter, and it has nothing to do with the summer heat. Drama is ensuing over proposals for one of two […]

Railroad bidding war back on; Canadian Pac ups bid for KSU

Canadian Pacific is upping its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National By The Associated Press NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National. […]

Biden’s Antitrust Initiative Threatens a Big Railroad Takeover

Canadian National’s prickly relationship with Amtrak could lead regulators to block its plan to acquire Kansas City Southern. By Brooke Sutherland for bloomberg.com Kansas City Southern investors are right to worry that the Biden administration’s tougher stance on antitrust enforcement may signal trouble for the company’s $34 billion plan to sell itself to Canadian National Railway Co. […]

Union Pacific warns about downstream impacts of KCS merger

UP also expects 2021 volumes to be 6% higher than 2020 By Joanna Marsh for freightwaves.com Any merger involving Kansas City Southern (NYSE: KSU) and either Canadian Pacific (NYSE: CP) or CN (NYSE: CNI) should be scrutinized by regulators to ensure that the combined railroad doesn’t cause downstream impacts to the value of competing railroads, the head of Union Pacific (NYSE: UNP) said […]

Chess Game for Railroad Real Estate

Written by Jim Blaze, Contributing Editor for railwayage.com By now, we all know the basics: It started back on March 21 as a bold expansion bid by the sixth-largest carrier, Canadian Pacific. CP and KCS, smallest of the “Big 7” Class I’s, negotiated a two-party deal to acquire a north-south track network connecting a core of six Canadian […]

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