kansas city southern

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
Government, Business, Safety, Fuel, Logistics

Rails Brace for Gridlock After Ida Hammers New Orleans Hub

railroad tracks Getty Images

Hurricane Ida forced Kansas City Southern to shut its main line in Louisiana and has halted exchanges between railroads in New Orleans, which may worsen delays in a U.S. shipping industry that already is stretched thin.

Thomas Black | Bloomberg News
August 30, 2021
Government, Business, Logistics

KCS Delays Vote on $33.6 Billion Rail Takeover Bid

KCS Kansas City Southern

A shareholder vote on the proposed $33.6 billion acquisition of Kansas City Southern by Canadian National Railway has been delayed until Sept. 3 to provide time for government officials to rule on whether CN can operate KCS while the deal is under federal review.

Dan Ronan | Associate News Editor
August 18, 2021
Government, Business, Logistics

Kansas City Southern Rejects New Bid From Canadian Pacific

Kansas City Southern California Rail Productions via YouTube

OMAHA, Neb. — Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.

Josh Funk | Associated Press
August 13, 2021
Government, Business, Logistics

Railroad Bidding War Back On: CP Ups Bid for KCS

Kansas City Southern Kansas City Southern

NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National.

Dan Ronan | Associate News Editor
August 10, 2021
Government, Business, Technology

KC Southern Shareholders Should Vote for CN Offer, ISS Says

KCS A Canadian National Railway locomotive. (Christinne Muschi/Bloomberg News)

Canadian National Railway Co.’s $30 billion takeover bid for Kansas City Southern received a boost Aug. 6 when a prominent shareholder advisory firm recommended that shareholders support the deal.

Scott Deveau | Bloomberg News
August 9, 2021

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