Page 5 - Patrick Ottensmeyer News Today

TORONTO — A protracted battle between rival Canadian railways for the acquisition of Kansas City Southern is over, with Canadian Pacific Railway Ltd. coming out on top.CP Rail said Wednesday it has . . .

After initially getting derailed this spring, Canadian Pacific's acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding Wednesday.

Canadian National Railway (CN) has outbid its rival Canadian Pacific to combine services and networks with Kansas City Southern Railway (KCS) in North America.

Martin J. Oberman, STB Chairman Surface Transportation Board (STB) Chairman Martin J. Oberman has called on the CEOs of the seven North American Class I’s to provide an update on their preparedness to meet service demands, particularly as railroad employment rates have fallen. In identical letters, dated May 27, Oberman expressed his concern that recent rail service problems, as reported by some shippers, may relate to a broader trend of rail labor reductions over the past several years, in ...

Canadian National offers $30 billion for Kansas City Southern CNN 39 mins ago By Paul R. La Monica, CNN Business © Whitney Curtis/Bloomberg/Getty Images A Kansas City Southern (KSC) Railway locomotive passes through Knoche Yard in Kansas City, Missouri, U.S., on Tuesday, Jan. 7, 2020. Kansas City Southern is scheduled to release earnings figures on January 17. Photographer: Whitney Curtis/Bloomberg via Getty Images All aboard! Theres a bidding war in the railroad industry. ...

Canadian National offers $30 billion for Kansas City Southern CNN 1 hr ago By Paul R. La Monica, CNN Business © Whitney Curtis/Bloomberg/Getty Images A Kansas City Southern (KSC) Railway locomotive passes through Knoche Yard in Kansas City, Missouri, U.S., on Tuesday, Jan. 7, 2020. Kansas City Southern is scheduled to release earnings figures on January 17. Photographer: Whitney Curtis/Bloomberg via Getty Images All aboard! Theres a bidding war in the railroad industry. Can...

Kansas City Southern profit, revenue miss expectations amid unique and challenging events MarketWatch 2 hrs ago MARKET PULSE Shares of Kansas City Southern tacked on 0.1% in premarket trading, after the rail road operator reported a first-quarter profit and revenue miss, with Chief Executive Patrick Ottensmeyer citing "several unique and challenging events," but he said he can "confidently confirm" the full-year outlook. Net income rose to $153.0 million, or $1.68 a share, from $151.7 mill...

Kansas City Southern Misses Profit Forecast, Confirms 2021 Guidance COVID-linked shutdowns and Februarys polar vortex clipped first quarter carload volumes for rail operator Kansas City Southern. Author: Original: Kansas City Southern  ( KSU) - Get Report posted weaker-than-expected first quarter earnings Friday as the polar vortex and coronavirus shutdowns hit cargo volumes, but confirmed its full-year profit guidance as it prepares for its $25 billion takeover by Canadian Pacific  ( Kansas...

Kansas City Southern (NYSE:KSU), founded in 1887, is a transportation company operating both domestically and internationally. Its rail operations connect...

Kansas City Southern reported a higher fourth quarter and higher annual net income, but lower revenue for the period.