A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.
The Surface Transportation Board approved the merger of Canadian Pacific Railway and Kansas City Southern Railroad in the nation’s first major rail merger since 1998.March 15, 2023
Canadian Pacific Railway posted a drop in net income but an increase in revenue for the second quarter, as it confronts renewed opposition to its planned acquisition of Kansas City Southern Railroad.July 29, 2022
One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.March 25, 2022
A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad.
Leaders of the rival Canadian National and Canadian Pacific railroads on May 26 made their pitches about why their respective railroads should be approved to purchase Kansas City Southern Railroad.May 26, 2021
Canadian Pacific officials aggressively defended their planned $25 billion acquisition of Kansas City Southern, announced in March, during a conference call April 21 regarding first-quarter earnings.April 22, 2021
Canadian Pacific Railway Ltd. posted revenue of C$1.9 billion in the third quarter, a record for any quarter in company history, the Calgary, Alberta-based railroad announced Oct. 18.October 22, 2018
The fourth quarter marked a turnaround for railroad companies from the lackluster year, according to earnings released last week, while a potentially major shakeup could result in an interesting 2017 for the industry.