Iowa County to Oppose CP-KCS Merger
Supervisors in Scott County, Iowa, plan to pen a letter opposing the merger of two North American rail companies that’s expected to drastically increase train traffic along the Mississippi River there.
STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger
The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.
STB Urged to Reject CP-KCS Merger
Three of the five members of the Federal Maritime Commission are urging the Surface Transportation Board to reject Canadian Pacific Railway’s plan to merge with the smaller, but strategically significant Kansas City Southern Railroad.
Chicago Commuter Rail System Opposes Proposed CP-KCS Merger
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.
Iowa Towns Negotiate With Canadian Pacific Over Train Traffic
Cities along the Mississippi River and Canadian Pacific officials are talking about ways to measure and address the impact of its proposed merger with Kansas City Southern. The consolidation could triple the train traffic in the Iowa Quad-Cities.
Kansas City Southern Earnings Rise
As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.
Creation of Voting Trust Advances CP-KCS Deal
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.
Kansas City Southern Reports Mixed Q3 Earnings
Kansas City Southern reported mixed third-quarter financial results on Oct. 19, as the Class I freight railroad saw a 13% jump in revenue to $744 million, compared with $659.6 million a year earlier.
CN Rail Walks Away From K.C. Southern, Ending Takeover War
Canadian National Railway Co. declined to increase its offer for Kansas City Southern after a monthslong takeover battle, ceding to Canadian Pacific Railway Ltd. a prize that would create the first railroad spanning the U.S., Canada and Mexico.
Kansas City Southern Picks Canadian Pacific Bid
Just hours before the expiration of a Sept. 12 deadline, Kansas City Southern accepted a $31 billion merger proposal from Canadian Pacific Railway.