October 22, 2021 | Headlines, KCS, Quarterly Income
(Source: Transport Topics, October 19, 2021) WASHINGTON, D.C. — 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....
October 19, 2021 | Headlines, KCS, Quarterly Income
(Source: Kansas City Southern press release, October 19, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported revenues of $744.0 million, an increase of 13% from third quarter 2020. Overall, carload volumes were down 3% compared to prior year primarily due to...
October 19, 2021 | Headlines, KCS, Quarterly Income
(Source: Railway Age, October 19, 2021) NEW YORK — Kansas City Southern (KCS) on Oct. 19 was the first Class I to report third-quarter 2021 earnings. Revenue for the potentially merger-bound railroad — back with original suitor Canadian Pacific (CP) — came in at...
October 12, 2021 | CP, Headlines, KCS
(Source: Progressive Railroading, October 12, 2021) Canadian Pacific’s and Kansas City Southern’s engagement was back on last month. On Sept. 15, the two Class Is announced they had entered into a second merger agreement. Full story: Progressive...
October 12, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, October 11, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that it has engaged Commtrex to enhance the visibility and connectivity of the KCS network’s over 100 transload facilities in the U.S. and...
October 7, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, October 7, 2021) NEW YORK — The battle for boardroom and C-suite control between CN and TCI Fund Management Ltd. continues to escalate. On Oct. 6, TCI responded to CN’s Oct. 4 press release with one of its own. Full story: Railway...
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 30, 2021 | CN, Headlines, KCS
(Source: Associated Press, September 29, 2021) OMAHA, Neb. — After walking away from its effort to buy Kansas City Southern railroad earlier this month, Canadian National Railway Co. continues to face investor pressure to make changes in its operation. Full story:...
