Canadian Pacific Railway Ltd. is tapping the U.S. investment-grade bond market to help fund its acquisition of Kansas City Southern.
November 17, 2021Canadian Pacific Railway
Business, Logistics 
A Canadian Pacific Railway locomotive in Calgary, Alberta. One of the biggest Canadian deals of the past decade is Canadian Pacific Railway Ltd.’s acquisition of Kansas City Southern. (Alex Ramadan/Bloomberg)
Canadian Pacific Railway Starts Bond Sale for KC Southern Deal
A Canadian Pacific Railway locomotive in Calgary, Alberta. One of the biggest Canadian deals of the past decade is Canadian Pacific Railway Ltd.’s acquisition of Kansas City Southern. (Alex Ramadan/Bloomberg) Business, Logistics 
Don MacKinnon/Bloomberg News
Canadian Pacific Reports Mixed Q3 Earnings
Don MacKinnon/Bloomberg NewsCanadian 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.
October 20, 2021 Government, Business, Logistics 
Surveyors work next to Canadian Pacific Rail trains parked on tracks in Toronto in a 2012 photo. (Nathan Denette/The Canadian Press via AP)
Kansas City Southern Picks Canadian Pacific Bid
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.
September 12, 2021 Government, Business, Logistics 
Photos by Kansas City Southern (left) and Canadian Pacific Railway.
Canadian Pacific Moves Into Lead Position for Merger With KCS
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.
September 9, 2021 Business, Logistics 
A Kansas City Southern locomotive passes through Knoche Yard in Kansas City, Mo. (Whitney Curtis/Bloomberg News)
Kansas City Southern Exits CP Deal, Takes CN’s $34 Billion
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 
A train moves through a rail yard in Calgary, Alberta, in March 2021. (Alex Ramadan/Bloomberg News)
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)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.
May 20, 2021 Government, Business 
A person photographs a Kansas City Southern freight train near the town of Maravatio, Michoacan state, Mexico (Luis Antonio Rojas/Bloomberg News)
CN Rail Offer for K.C. Southern to Fall Under Stricter Rules
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.
May 17, 2021 Government, Business 
Don Mackinnon/Bloomberg News
Canadian Pacific Objects to Potential Regulator Exemption for Rival Bid
Don Mackinnon/Bloomberg NewsCanadian 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.
May 3, 2021 Business, Logistics 
A Kansas City Southern Railway locomotive passes through Kansas City, Missouri. (Whitney Curtis/Bloomberg News)
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)Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.
April 28, 2021 Government, Business 
Kansas City Southern
Merger Battle for Kansas City Southern Heats Up
Kansas City SouthernAn 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.
April 27, 2021