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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 addition to the pandemic-related furloughs and quarantines. Because of this, he asked the executives...
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! There's a bidding war in the railroad industry. Canadian National is offering to buy Kansas City Southern for $33.7 billion, topping a $25 billion ...