May 7, 2021 | Headlines, KCS
(Source: Railway Age, May 6, 2021) NEW YORK — The Surface Transportation Board on May 6 approved, by unanimous vote, a voting trust for Canadian Pacific’s proposed merger with Kansas City Southern. “The Board finds that formal Board review of the voting trust...
May 4, 2021 | Headlines, KCS
(Source: Freight Waves, May 3, 2021) CHATTANOOGA, Tenn. — Rivals CN and Canadian Pacific are vying to win the public’s favor for which Canadian railway is better suited to merge with Kansas City Southern. Full story: Freight Waves
April 28, 2021 | Headlines, KCS
(Source: Reuters, April 26, 2021) WINNIPEG — North America’s freight rail customers, from grain shippers to logistics compa-nies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. Full story:...
April 23, 2021 | Headlines, KCS
(Source: Railway Age opinion column by Jim Blaze, April 23, 2021) NEW YORK — A bidding war has broken out for the Kansas City Southern, but it’s actually more like a chess game. Here are some observations about what it all could mean, especially in terms of railroad...
April 23, 2021 | Headlines, KCS
(Source: Canadian Press, April 22, 2021) MONTREAL — The head of Canadian Pacific referred to its rival’s bid for Kansas City Southern as “fantasyland” as a war of words between Canada’s two largest railroads continue to head up. Full story: Estevan...
April 21, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, April 20, 2021) KANSAS CITY, Mo. — Kansas City Southern (“KCS”) today announced that it has received an unsolicited proposal from Canadian National Railway (“CN”) to acquire KCS in a cash and stock transaction valued by CN...
April 16, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, April 16, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported revenues of $706.0 million, a decrease of 4% from first quarter 2020. Overall, carload volumes were down 1% compared to prior year. First Quarter 2021...
March 29, 2021 | Headlines, KCS
(Source: Freight Waves, March 28, 2021) CHATTANOOGA, Tenn. — The proposed $29 billion merger between Canadian Pacific and Kansas City Southern aims to capitalize on an expected increase in the flow of trade among the U.S., Canada and Mexico. Full story: Freight...
March 8, 2021 | Headlines, KCS
(Source: Progressive Railroading, March 5, 2021) The National Transportation Safety Board (NTSB) has begun investigations into two recent fatal accidents involving Class Is. The agency is investigating a March 3 accident in La Mirada, California, in which a BNSF...
March 3, 2021 | Headlines, KCS
(Source: MarketWatch, March 2, 2021) NEW YORK — Shares of Kansas City Southern fell 1.9% in morning trading Tuesday, enough to pace the Dow Jones Transportation Average’s decliners, after the railroad company provided a downbeat first-quarter revenue outlook....
