May 3, 2021 | CN, Headlines
(Source: CN press release, May 3, 2021) MONTREAL — CN today issued an open letter to the Kansas City Southern (“KCS”) community regarding CN’s superior proposal to combine with KCS. The letter outlines why a combined CN-KCS represents the best solution for all...
April 28, 2021 | CN, Headlines
(Source: Progressive Railroading, April 27, 2021) CN yesterday reported first-quarter 2021 net income fell 3.7% to CA$974 million, or $1.37 per diluted share, from CA$1.01 billion, or $1.42 per diluted share, in the same period a year ago. Full story: Progressive...
April 27, 2021 | CN, Headlines
(Source: Freight Waves, April 26, 2021) CHATTANOOGA, Tenn. — Rival Canadian suitors CN and Canadian Pacific are seeking to win the hearts of the shareholders of Kansas City Southern. Full story: Freight Waves
April 27, 2021 | CN, Headlines
(Source: Freight Waves, April 26, 2021) CHATTANOOGA, Tenn. — CN’s net profit for the first quarter of 2021 fell 3.7% to CA$974 million, or $1.37 per diluted share, compared with CA$1.01 billion, or $1.42 per diluted share, in the first quarter of 2020. One Canadian...
April 27, 2021 | CN, Headlines
(Source: Canadian National press release, April 26, 2021) MONTREAL — CN today announced solid results in the first quarter of 2021, including an in-dustry-leading increase in traffic volume of five per cent year-over-year. The Company updated its 2021 financial...
April 26, 2021 | CN, Headlines
(Source: Peterborough Examiner, April 24, 2021) MONTREAL — With both CP and CN bidding for Kansas City Southern, the century old rivalry isn’t getting any gentler. This week’s $33.7 billion (U.S.) competing bid by CN for KCS laid bare their long-running enmity. That...
April 26, 2021 | CN, Headlines
(Source: Kansas City Business Journal, May 26, 2021) KANSAS CITY, Mo. — Kansas City Southern’s board said Saturday that it will begin talks with Canadian National Railway Co. after finding that its offer for the company may lead to a better deal than that proposed by...
April 23, 2021 | CN, Headlines
(Source: Reuters, April 22, 2021) NEW YORK — Canadian National Railway Co said on Thursday it had informed Kansas City Southern’s board about its confidence in winning regulatory approvals for its $33.7 billion offer for the U.S. railroad. Full story:...
April 22, 2021 | CN, Headlines
(Source: Railway Age, April 21, 2021) NEW YORK — CN on April 21 submitted to the U.S. Surface Transportation Board a prefiling notification of its intent to file an application seeking authority to combine with Kansas City South-ern “further to CN’s superior proposal...
April 21, 2021 | CN, Headlines
(Source: Freight Waves, April 20, 2021) CHATTANOOGA, Tenn. — A merger between Canadian National Railway and Kansas City Southern would create a formidable opponent for what should be the industry’s largest threat: long-haul trucking, CN executives said Tuesday morning...
