kansas city southern

Government, Business, Logistics

STB Urged to Reject CP-KCS Merger

Kansas City Southern train (left) and Canadian Pacific train) The proposed $31 billion merger between Kansas City Southern (left) and Canadian Pacific awaits approval by the Surface Transportation Board. (Kansas City Southern Railway, Canadian Pacific Railway)

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.

Dan Ronan | Associate News Editor
June 23, 2022
Business, Logistics

Chicago Commuter Rail System Opposes Proposed CP-KCS Merger

Kansas City Southern train (left) and Canadian Pacific train) The proposed $31 billion merger between Kansas City Southern (left) and Canadian Pacific would need to be approved by the Surface Transportation Board. (Kansas City Southern Railway, Canadian Pacific Railway)

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.

Dan Ronan | Associate News Editor
March 25, 2022
Government, Business, Technology, Logistics, TCA

Iowa Towns Negotiate With Canadian Pacific Over Train Traffic

KCS A Kansas City Southern train. (Doug Wertman/Flickr)

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.

Sarah Watson | Quad City Times
March 22, 2022
Government, Business, Logistics

Kansas City Southern Earnings Rise

Kansas City Southern Whitney Curtis/Bloomberg News

As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.

Dan Ronan | Associate News Editor
February 3, 2022
Government, Business, Logistics

Creation of Voting Trust Advances CP-KCS Deal

 A Canadian Pacific train hauls oil westward through Banff National Park in Alberta, Canada A Canadian Pacific train hauls oil westward through Banff National Park in Alberta, Canada. (Frank Gunn/Canadian Press via AP)

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.

Josh Funk | Associated Press
December 14, 2021
Business, Logistics

Kansas City Southern Reports Mixed Q3 Earnings

Kansas City Southern locomotive Kansas City Southern

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.

Dan Ronan | Associate News Editor
October 19, 2021
Business, Logistics

CN Rail Walks Away From K.C. Southern, Ending Takeover War

CN Rail Walks Away From K.C. Southern, Ending Takeover War A Kansas City Southern Railway locomotive passes through Knoche Yard in Kansas City, Mo. (Whitney Curtis/Bloomberg News).

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.

September 15, 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

CN Rail’s Kansas City Southern Deal Imperiled by STB Ruling

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

The Canadian National Railway’s $33.6 billion bid to merge with the smaller but strategically significant Kansas City Southern suffered a serious and possibly fatal blow Aug. 31, as the U.S. Surface Transportation Board unanimously voted to reject a vital component of the agreement.

Dan Ronan | Associate News Editor
August 31, 2021

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