Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico. By Niraj Chokshi and Mark Walker got nytimes.com A federal regulator on Wednesday approved a Canadian freight railroad’s plan to buy an American competitor, a $31 billion deal that will make the railroad the first to operate across North […]
By Bill Stephens for trains.com In closing arguments, the railways will respond to concerns raised by other railroads, communities, and some shipper groups WASHINGTON – Canadian Pacific and Kansas City Southern will make their closing arguments for their merger on Thursday, the sixth and final day of Surface Transportation Board hearings on the first Class […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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. […]
By JOSH FUNK for apnews.com OMAHA, Neb. (AP) — Canadian National railroad plans to address competitive concerns related to its $33.6 billion acquisition of Kansas City Southern by selling off a short section of rail line. Canadian National CEO JJ Ruest said he believes selling 70 of the 27,000 miles of track the two railroads […]