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Canadian Pacific’s Kansas City Southern merger does not solve railway’s decline
Greg Gormick
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U.S. Sen. Elizabeth Warren urges transport regulator to block CP Rail-Kansas City Southern merger
Canadian Pacific Railway Ltd. says it has received regulatory approval from the Committee on Foreign Investment in the United States for its acquisition of Kansas City Southern. A Kansas City Southern locomotive is shown in this undated photo. The Canadian Press/HO-Kansas City Southern
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U.S. lawmakers urge board to defer decision on CP Rail merger with Kansas City Southern
With a U.S. regulator poised to make its final decision within weeks, Canadian Pacific Railway Ltd.'s CEO says the company is "ready to roll" on its proposed merger with Kansas City Southern. Canadian Pacific Railway trains sit at the main CP Rail trainyard in Toronto on Monday, March 21, 2022. THE CANADIAN PRESS/Nathan Denette
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CP Rail reports revenue, earnings up on strong demand for potash shipping
Canadian Pacific Railway trains sit at the main CP Rail trainyard in Toronto on Monday, March 21, 2022. Canadian Pacific Railway Ltd. says its revenue and earnings for the third quarter were up from last year as it saw strong demand for potash shipping and other services. THE CANADIAN PRESS/Nathan Denette
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CP Rail says Kansas City Southern merger will create jobs, improve service, in pitch to U.S. regulators
Canadian Pacific Railway Ltd. says it has received regulatory approval from the Committee on Foreign Investment in the United States for its acquisition of Kansas City Southern. A Kansas City Southern locomotive is shown in this undated photo. The Canadian Press/HO-Kansas City Southern
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Canadian Pacific deal with Kansas City Southern wins OK from U.S. committee
Canadian Pacific Railway Ltd. says it has received regulatory approval from the Committee on Foreign Investment in the United States for its acquisition of Kansas City Southern. A Kansas City Southern locomotive is shown in this undated photo. The Canadian Press/HO-Kansas City Southern
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CP Rail fourth-quarter profit falls on rising costs, supply chain woes
A Canadian Pacific freight train travels around Morant's Curve in the Rocky Mountains near Baker Creek, Alta., Friday, Dec. 3, 2021. THE CANADIAN PRESS/Jeff McIntosh
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CP Rail completes acquisition of Kansas City Southern, places shares in voting trust
A Kansas City Southern locomotive is shown in this undated photo. THE CANADIAN PRESS/HO-Kansas City Southern MANDATORY CREDIT
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Kansas City Southern shareholders approve takeover by CP Rail
A Kansas City Southern locomotive is shown in this undated photo. THE CANADIAN PRESS/HO-Kansas City Southern MANDATORY CREDIT
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CP Rail shareholders green-light purchase of Kansas City Southern
A Canadian Pacific freight train travels around Morant's Curve in the Rocky Mountains near Baker Creek, Alta., Friday, Dec. 3, 2021. Canadian Pacific Railway Ltd. says shareholders have given a big thumbs-up to its deal to buy U.S. railway Kansas City Southern. THE CANADIAN PRESS/Jeff McIntosh
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Mexico approves CPR’s deal to buy Kansas City Southern
In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. Mexican regulators have given their approval to Canadian Pacific Railway Ltd.'s deal to buy U.S. railway Kansas City Southern. THE CANADIAN PRESS/The Kansas City Star-Norman Ng via AP
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U.S. regulator establishes schedule for review of CP Rail’s merger with Kansas City Southern
FILE PHOTO: A Canadian Pacific Railway crew works on their train at the CP Rail yards in Calgary, Alberta, April 29, 2014. REUTERS/Todd Korol/File Photo
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With its takeover of Kansas City Southern, CP sees access to Mexico and profit growth
FILE PHOTO: A Canadian Pacific Railway crew works on their train at the CP Rail yards in Calgary, Alberta, April 29, 2014. REUTERS/Todd Korol/File Photo
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Kansas City Southern formally scraps CN takeover agreement, backs rival CP offer
A Canadian Pacific leaves the railyard in Calgary, AB on 08 Aug, 2021. Canadian Pacific Railway Ltd. renewed the battle for Kansas City Southern on Tuesday with a new bid that is cheaper than Canadian National Railway Co.’s but offers what the Calgary railroad says is greater assurance its deal will win regulatory approval.
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Canadian Pacific Railway close to sealing US$27.3-billion deal to take over Kansas City Southern
A Canadian Pacific sits in a rail yard in Calgary, AB on 08 Aug, 2021. Canadian Pacific Railway Ltd. renewed the battle for Kansas City Southern on Tuesday with a new bid that is cheaper than Canadian National Railway Co.’s but offers what the Calgary railroad says is greater assurance its deal will win regulatory approval.
world
Second woman convicted of railroad track sabotage in Washington
A Canadian Pacific leaves the railyard in Calgary, AB on 08 Aug, 2021. Canadian Pacific Railway Ltd. renewed the battle for Kansas City Southern on Tuesday with a new bid that is cheaper than Canadian National Railway Co.’s but offers what the Calgary railroad says is greater assurance its deal will win regulatory approval.
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CN Rail to require all workers in Canada be fully vaccinated against COVID-19 by Nov. 1
A CN rail worker stands on an idle locomotive in Burnaby, B.C., on Friday, November 27, 2020. Canadian National Railway Co. responded to criticisms of its proposed takeover of Kansas City Southern by telling the U.S. regulator there's no harm if it approves a voting trust until a final ruling on the merits of the transaction is handed down many months from now.THE CANADIAN PRESS/Darryl Dyck
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TCI Fund Management launches battle for control of CN following railway’s apparent failed bid for KCS
FILE - In this March 29, 2018 file photo, a Canadian National Rail locomotive moves through the rail yard in Dartmouth, Nova Scotia. Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, Friday, May 21, 2021, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. (Andrew Vaughan/The Canadian Press via AP)
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U.S. rail regulator deals blow to CN’s US$29.8-billion bid to take over Kansas City Southern
FILE - In this March 29, 2018 file photo, a Canadian National Rail locomotive moves through the rail yard in Dartmouth, Nova Scotia. Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, Friday, May 21, 2021, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. (Andrew Vaughan/The Canadian Press via AP)
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Kansas City Southern delays shareholder vote on CN’s takeover offer to Sept. 3
A Kansas City Southern locomotive is shown in this undated photo. Kansas City Southern says it will delay a shareholder vote on its deal to be bought by Canadian National Railway Co. that is set for Aug. 19 if a U.S. regulator does not release its decision on a key voting trust by Aug. 17.THE CANADIAN PRESS/HO-Kansas City Southern MANDATORY CREDIT
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Kansas City Southern to delay shareholder vote on CN deal if U.S. regulator doesn’t decide on trust by Aug. 17
FILE - In this Nov. 5, 2004, file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week. Kansas City Southern said Thursday, Aug. 12, 2021, that its board unanimously decided to continue backing Canadian National's higher offer. .(Norman Ng/The Kansas City Star via AP, File)
international business
Kansas City Southern rejects Canadian Pacific’s new proposal, sticks with Canadian National bid
A Canadian Pacific leaves the railyard in Calgary, AB on 08 Aug, 2021. Canadian Pacific Railway Ltd. renewed the battle for Kansas City Southern on Tuesday with a new bid that is cheaper than Canadian National Railway Co.ís but offers what the Calgary railroad says is greater assurance its deal will win regulatory approval.
inside the market
For investors in Canadian Pacific and Canadian National, risks are rising
A Canadian Pacific leaves the railyard in Calgary, AB on 08 Aug, 2021. Canadian Pacific Railway Ltd. renewed the battle for Kansas City Southern on Tuesday with a new bid that is cheaper than Canadian National Railway Co.ís but offers what the Calgary railroad says is greater assurance its deal will win regulatory approval.
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CP urges Kansas City Southern shareholders to oppose CN takeover in upcoming vote
A CN rail worker stands on an idle locomotive in Burnaby, B.C., on Friday, November 27, 2020. Canadian National Railway Co. responded to criticisms of its proposed takeover of Kansas City Southern by telling the U.S. regulator there's no harm if it approves a voting trust until a final ruling on the merits of the transaction is handed down many months from now.THE CANADIAN PRESS/Darryl Dyck
u.s. business
Kansas City Southern reports 37-per-cent jump in quarterly revenue as freight volumes rebound
FILE - In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/The Kansas City Star via AP-Norman Ng
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Biden push for competition draws concerns for Canadian National takeover of Kansas City Southern
FILE - In this March 29, 2018 file photo, a Canadian National Rail locomotive moves through the rail yard in Dartmouth, Nova Scotia. Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, Friday, May 21, 2021, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. (Andrew Vaughan/The Canadian Press via AP)
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Behind-the-scenes bidding war for Kansas City Southern took place over nine months, proxy filing says
FILE - In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/The Kansas City Star via AP-Norman Ng
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Canadian National makes final pitch for preliminary approval of KCS railroad acquisition
FILE - In this Nov. 27, 2020 file photo, a Canadian National rail worker stands on an idle locomotive as protesters opposed to the Trans Mountain pipeline expansion block rail lines in Burnaby, British Columbia,. Canadian National has made its final pitch to regulators for preliminary approval of its $33.6 billion acquisition of Kansas City Southern railroad. The Canadian railroad reiterated its main arguments for the deal in a detailed filing with the Surface Transportation Board on Tuesday. (Darryl Dyck/The Canadian Press via AP, File)
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U.S. transportation board gets hundreds of comments about CN voting trust for KCS
FILE - In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/The Kansas City Star via AP-Norman Ng
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Canadian National to divest U.S. rail line in bid to address regulator’s concerns around takeover of KCS
FILE - In this March 29, 2018 file photo, a Canadian National Rail locomotive moves through the rail yard in Dartmouth, Nova Scotia. Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, Friday, May 21, 2021, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. (Andrew Vaughan/The Canadian Press via AP)
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CN wins battle for Kansas City Southern, setting stage for first big U.S. rail merger in decades
FILE PHOTO: A wagon of a freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo
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CP Rail won’t hike bid for Kansas City Southern, calls on board to reject CN’s rival offer over regulatory concerns
FILE PHOTO: The Canadian Pacific railyard is pictured in Port Coquitlam, British Columbia February 15, 2015. REUTERS/Ben Nelms/File Photo
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CN CEO confident company will prevail in battle for Kansas City Southern
FILE PHOTO: A freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo
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Major CN shareholder calls for end of pursuit of Kansas City Southern
FILE PHOTO: A Canadian National Railway (CN Rail) freight train engine is seen in Tyendinaga, Ontario, Canada February 14, 2020. REUTERS/Chris Helgren/File Photo
u.s. business
Canadian National’s $33.6-billion bid to buy Kansas City Southern railroad hits snag
A Kansas City Southern Railway Company logo in Toluca, Mexico, on Oct. 1, 2018.
energy and resources
The unfolding of the Kansas City Southern takeover saga
FILE PHOTO: A freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo