Kansas City Southern

U.S. Wheat Associates and the National Association of Wheat Growers are disappointed that the Surface Transportation Board approved the merger of the Canadian Pacific Railway and Kansas City Southern Railroad.  The organizations believe the STB has given a green light to rail consolidation without regard for the consequences on agricultural shippers from a lack of competition in the U.S. rail s...

Earlier this week, the Surface Transportation Board approved the Kansas City Southern Railway Company acquisition by Canadian Pacific Railway Limited, with conditions.  The decision includes an unprecedented seven-year oversight period and contains many conditions designed to mitigate environmental impacts, preserve competition, protect railroad workers, and promote efficient passenger rail.  Th..

Kansas City Southern reported Tuesday its sale to Canadian Pacific Railway is officially complete. The deal is estimated to be worth $31 billion. CP President and CEO Keith Creel called it a historic day for both companies. “CPKC will become the backbone connecting our customers to new markets, enhancing competition in the U.S. ra ...

On Wednesday, Kansas City Southern announced the termination of a merger agreement with Canadian National Railway. KCS has entered a merger agreement with Canadian Pacific Railway, presumably ending the bidding war for KCS. Kansas City Southern determined the proposal from Canadian Pacific continues to demonstrate a “Company Superior Proposal” under the pending agreement with Canadian National.

Canadian National Railway Tuesday made a rival bid for Kansas City Southern. The proposed cash-and-stock transaction is valued at $33.7 billion. The proposal represents a 21% premium over the implied value of the Canadian Pacific transaction ...

Canadian Pacific Railway and Kansas City Southern have come together in a merger agreement worth approximately $29 billion. The transaction has the unanimous support of both boards of directors. Following final approval from the U.S. Surface Transportation Board, the transaction will form two railroads that create the first rail network connecting the U ...