kansas city southern
Rail Customers Express Concern Over CN-KCS Merger
American Chemistry Council President Chris Jahn says that unless competition is ensured, any rail merger would have a negative impact on the U.S. economy. (America's Plastic Makers via YouTube)
As leaders from Canadian National Railway and Kansas City Southern Railway promote their proposed merger, concerns are growing among some of their customers.
June 3, 2021Rival Canadian Railroad Leaders Make Pitch for Kansas City Southern
Canadian National and Canadian Pacific are vying for Kansas City Southern. The U.S. Surface Transportation Board hasn't approved a merger of Class I railroads in more than two decades. (Canadian National Railway, left; Canadian Pacific Railway, right)
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, 2021Kansas 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, 2021CP 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, 2021CN 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, 2021Canadian National Increases Offer to Seal Deal for Kansas City Southern
Darryl Dyck/The Canadian Press via AP
Canadian National Railway appears to be the front-runner to acquire Kansas City Southern Railroad after the KCS Board of Directors on May 13 declared CN has presented a “superior proposal” to an earlier offer from Canadian Pacific to purchase the U.S.-based railway.
May 14, 2021Despite 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, 2021Merger Battle for Kansas City Southern Heats Up
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.
April 27, 2021CN Makes $33.7 Billion Bid for Kansas City Southern
Brent Lewin/Bloomberg News
A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.
April 20, 2021KC Southern Reports Mixed Q1 Earnings
Kansas City Southern
Kansas City Southern reported mixed first-quarter earnings.
April 19, 2021