Canadian Pacific Railway

Business, Logistics

Canadian Pacific Reports Mixed Q3 Earnings

Canadian Pacific train Don MacKinnon/Bloomberg News

Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.

Dan Ronan | Associate News Editor
October 20, 2021
Government, Business, Logistics

Kansas City Southern Picks Canadian Pacific Bid

Surveyors work next to Canadian Pacific Rail trains parked on tracks in Toronto Surveyors work next to Canadian Pacific Rail trains parked on tracks in Toronto in a 2012 photo. (Nathan Denette/The Canadian Press via AP)

Just hours before the expiration of a Sept. 12 deadline, Kansas City Southern accepted a $31 billion merger proposal from Canadian Pacific Railway.

Dan Ronan | Associate News Editor
September 12, 2021
Government, Business, Logistics

Canadian Pacific Moves Into Lead Position for Merger With KCS

KCS-CP trains Photos by Kansas City Southern (left) and Canadian Pacific Railway.

Canadian Pacific Railway has edged ahead of rival Canadian National in the back-and-forth battle to acquire Kansas City Southern, as a key vote from KCS shareholders and an earlier ruling from the Surface Transportation Board point toward resolution of a duel that has been brewing for the better part of six months.

Dan Ronan | Associate News Editor
September 9, 2021
Business, Logistics

Kansas City Southern Exits CP Deal, Takes CN’s $34 Billion

A Kansas City Southern locomotive passes through Knoche Yard in Kansas City, Mo. A Kansas City Southern locomotive passes through Knoche Yard in Kansas City, Mo. (Whitney Curtis/Bloomberg News)

NEW YORK — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks.

May 21, 2021
Government, Business, Logistics

CP Rail Declines to Boost Offer, Urges KC Southern to Drop CN

A train moves through a rail yard in Calgary, Alberta, in March 2021. (Alex Ramadan/Bloomberg News) A train moves through a rail yard in Calgary, Alberta, in March 2021. (Alex Ramadan/Bloomberg News)

Canadian Pacific Railway Ltd. declined to increase its offer for Kansas City Southern and urged the U.S. railroad instead to reject Canadian National Railway Co.’s higher bid because of regulatory risks.

Thomas Black | Bloomberg News
May 20, 2021
Government, Business

CN Rail Offer for K.C. Southern to Fall Under Stricter Rules

A person photographs a Kansas City Southern freight train in Mexico. A person photographs a Kansas City Southern freight train near the town of Maravatio, Michoacan state, Mexico (Luis Antonio Rojas/Bloomberg News)

Canadian National Railway Co.’s proposal to acquire Kansas City Southern will be judged under stricter regulations adopted in 2001, the U.S. regulator said in an expected decision that lays the ground rules for what would be the first major rail merger in more than two decades.

Thomas Black | Bloomberg News
May 17, 2021
Government, Business

Canadian Pacific Objects to Potential Regulator Exemption for Rival Bid

CP Don Mackinnon/Bloomberg News

Canadian Pacific Railway Ltd. said Canadian National Railway Co.’s unsolicited offer for Kansas City Southern shouldn’t be exempt from tougher merger rules that the U.S. railroad regulator established two decades ago.

Ilya Banares | Bloomberg News
May 3, 2021
Business, Logistics

Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer

A Kansas City Southern Railway locomotive passes through Kansas City, Missouri. (Whitney Curtis/Bloomberg News) A Kansas City Southern Railway locomotive passes through Kansas City, Missouri. (Whitney Curtis/Bloomberg News)

Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.

Thomas Black | Bloomberg News
April 28, 2021
Government, Business

Merger Battle for Kansas City Southern Heats Up

Kansas City Southern Kansas City Southern

An epic battle is in the early stages with Class I railroad powerhouses Canadian National and Canadian Pacific competing with multibillion-dollar bids to purchase the smaller Kansas City Southern railroad.

Dan Ronan | Associate News Editor
April 27, 2021
Business, Equipment, Logistics

Canadian Pacific-Kansas City Southern Merger Will Create 'Transformative' Network

Canadian Pacific locomotive The new railroad, to be called Canadian Pacific Kansas City, will operate about 20,000 miles of rail and employ about 20,000 workers. (Canadian Pacific)

Canadian Pacific Railway Ltd. envisions a “transformative” remaking of its freight-rail business after an announced merger with Kansas City Southern Railway that will create the first U.S.-Mexico-Canada network.

Dan Ronan | Associate News Editor
March 24, 2021

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