October 1, 2021 | CN, CP, Headlines, KCS, STB
(Source: Trains Magazine, September 30, 2021) WASHINGTON, D.C. — The Surface Transportation Board has reaffirmed its previous approval of a voting trust for the proposed merger of Canadian Pacific and Kansas City Southern, saying the approval granted for CP’s original...
October 1, 2021 | CN, CP, Headlines, KCS
(Source: CN press release, October 1, 2021) MONTREAL — CN today responded to the numerous misleading claims and inconsistencies in recent disclosures by CIFF Capital and TCI (collectively “TCI”), which, in addition to being a shareholder of CN is the largest...
October 1, 2021 | CN, CP, Headlines, KCS, PSR
(Source: The Western Producer, September 30, 2021) CALGARY — Canadian National Railway is wasting no time transforming itself into a leaner and more profitable railway company, following its failed bid to acquire American rail carrier Kansas City Southern. According...
September 28, 2021 | CP, Headlines, KCS, STB
(Source: www.icis.com, September 24, 2021) HOUSTON — The US chemical industry is watching closely as the railroad sector is set to further consolidate with the pending merger between rail carriers Canadian Pacific (CP) and Kansas City Southern (KCS), two directors at...
September 22, 2021 | CP, Headlines, KCS
(Source: Trains Magazine, September 20, 2021) WASHINGTON, D.C. — Canadian Pacific CEO Keith Creel – who last week won a hard-fought, four month merger battle to acquire Kansas City Southern – is fully aware that the first Class I railroad combination in two decades is...
September 21, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, September 21, 2021) NEW YORK — A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd.,...
September 21, 2021 | CN, CP, Headlines, KCS, STB
(Source: BNN Bloomberg, September 21, 2021) NEW YORK — BMO Capital Markets is downgrading its view on Canadian National Railway Co. with its analyst saying the railroad operator’s strategic plan announced last week may fall short of tapping into the...
September 21, 2021 | CP, Headlines, KCS
(Source: Devils Lake Journal, September 21, 2021) BISMARCK, N.D. — Following the announced merger between Canadian Pacific Railway (CP) and Kansas City Southern Railway (KCS), Senators John Hoeven and Kevin Cramer and Congressman Kelly Armstrong were among the members...
September 20, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, September 17, 2021) NEW YORK — “I am elated for our CP family,” an understandably energized Canadian Pacific President and CEO Keith Creel told Railway Age Editor-in-Chief William C. Vantuono the day after a joint call with analysts with his...
September 17, 2021 | CN, CP, Headlines, KCS, STB
(Source: BNN Bloomberg, September 16, 2021) CALGARY — Canadian Pacific Railway Ltd.’s acquisition of Kansas City Southern could be complete by next fall, the Calgary-based railway said Thursday. “That’s what best case looks like, and that’s what...
