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Articles tagged under: Kansas City Southern Railway

CP-KCS Merger Facing Opposition in the Chicago Area

Published March 2, 2022

A coalition of eight Chicago-area suburbs have filed a complaint with the Surface Transportation Board, saying the merger of Canadian Pacific and Kansas City Southern rail lines should not be approved. These communities say the merger will bring more trains…
Latest NewsAg Business

CP Pushes Back on Concessions Talk

Published January 28, 2022

Canadian National, BNSF and Norfolk Southern are seeking concessions from the Canadian Pacific Railway related to its merger with Kansas City Southern. In a call with investors, CP CEO Keith Creel these requests to the Surface Transportation Board for divestitures…
Latest NewsAg Business

CN Seeks to Intervene in CP-KCS Deal

Published January 18, 2022

Canadian National Railway, which lost out in its bid to acquire Kansas City Southern, isn’t done yet. The CN has filed noticed with the U.S. Surface Transportation Board seeking a major divestiture if the Canadian Pacific acquisition of KCS moves…
Latest NewsAg Business

Mexican Regulators Approve CP and KCS Merger

Published November 30, 2021

The Canadian Pacific and Kansas City Southern railroads have received regulatory approval from the Mexican government. This deal still needs approval from shareholders with a vote by CP stockholders on December 8th and Kansas City Southern stockholders on December 10th.…
Latest NewsAg Business

CP and KCS File Application with the Surface Transportation Board

Published November 3, 2021

The Canadian Pacific Railway and Kansas City Southern filed an application with the Surface Transportation Board regarding its plan to create a railroad that links the United States, Mexico and Canada. The merger will result in a dramatic increase in…
Top StoriesLatest NewsAg Business

STB Reaffirms Approvoal of CP-KCS Voting Trust

Published October 1, 2021

The Surface Transportation Board has reiterated its approval of a voting trust for the proposed merger of Canadian Pacific and Kansas City Southern railroads. The STB approved the planned use of a voting trust in May while the deal is…
Latest NewsAg Business

CP and KCS Have a Deal

Published September 16, 2021

The Canadian Pacific Railway and the Kansas City Southern have a deal. CP will pay $27.2 billion in a cash-and-stock agreement. Canadian National was not able to win regulatory approval and dropped its bid. The combination of Canadian Pacific and…
Top StoriesLatest NewsAg Business

KCS Formally Rejects CN Bid

Published September 13, 2021

The Canadian Pacific and Kansas City Southern Railway are one step closer to a deal. Over the weekend, Kansas City Southern told the Canadian National it would not go forward with their agreement, but the CN still has five business…
Latest NewsAg Business

KCS to Consider CP Offer by Sept 12

Published September 6, 2021

The Kansas City Southern Railway board of directors has agreed to reconsider Canadian Pacific’s acquisition bid. The Surface Transportation Board rejected the Canadian National’s proposal for the use of a voting trust during the regulatory process, opening the door again…
Latest NewsAg Business

CP Delivers More Options to ND

Published September 1, 2021

The North Dakota Grain Growers Association is pleased the Surface Transportation Board rejected the Canadian National’s proposal to take over the Kansas City Southern. NDGGA Executive Director Dan Wogsland says CN doesn’t have any assets in North Dakota and the…
Latest NewsAg Business
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