Kansas City Southern

Kansas City Southern's board of directors spurned Canadian Pacific's revised offer to acquire KCS, but it could also hold off on a vote that would seal KCS' commitment to merge with CN.  KCS (NYSE: KSU) late Thursday determined that CN's (NYSE: CNI) bid to acquire KCS is still the "superior...

This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN. CP (NYSE: CP) is offering a stock-and-cash "superior proposal" worth an estimated...

Kansas City Southern is firing back at Canadian Pacific's recent efforts to thwart a merger between KCS and CP's rival, CN. KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS. Rivals CP and CN are both seeking to acquire...

Canadian Pacific has a number of options it can pursue should the regulatory and market environments not be conducive to mergers and acquisitions, executives said during the railway's second-quarter 2021 earnings call on Wednesday.  Besides CP's "unique origin strengths" and shorter lengths of...

Kansas City Southern still anticipates double-digit revenue growth for 2021 amid favorable macroeconomic indicators, executives said during its second-quarter 2021 earnings call on Friday. But KCS (NYSE: KSU) adjusted its 2021 target operating ratio to about 60% from earlier guidance of 57.5% amid...

The $700 million fee that Kansas City Southern paid to terminate its merger agreement with Canadian Pacific slashed KCS' income for the second quarter. KCS (NYSE: KSU) folded the fee into its operating expenses, which became $1.18 billion for the second quarter. It also led to a second-quarter net...

The debate over which Canadian railway would provide greater benefits to stakeholders through a merger with Kansas City Southern (NYSE: KSU) appears to be pitting regions of the U.S. against each other, based on Monday releases from both railways. Canadian Pacific (NYSE: CP) says it has support...

Canadian railway CN (NYSE: CNI) so far has announced CA$95 million in 2021 capital investment projects in Alberta, Ontario, Manitoba and New Brunswick.  CA$95 million is worth about $77 million U.S., and 1 Canadian dollar equals about 81 U.S. cents. The railway has an overall budget of CA$3...

Kansas City Southern's Chief Innovation Officer To Retire Brian Hancock, Kansas City Southern's (NYSE: KSU) chief innovation officer, will retire from Kansas City Southern (KCS) effective July 2, according to a company filing to the U.S. Securities and Exchange Commission. The filing did not...

Canadian railway CN (NYSE: CNI) and Kansas City Southern (NYSE: KSU) plan to divest of about 70 miles of Kansas City Southern (KCS) track in Louisiana as part of the effort to secure regulatory approval to merge and create an "end-to-end" network that spans from Canada to Mexico. The proposal to...

Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was "...

The first-quarter 2021 earnings season for the Class I railroads is over. An optimistic volume outlook, especially for the second half of 2021, plans to improve operational efficiency and take market share away from trucks, and a proposed Class I Canadian railway merger with Kansas City Southern (...

The Surface Transportation Board (STB) has determined that Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process. CP and KCS had announced plans to...

Count BNSF (NYSE: BRK-B) as one of those watching how efforts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU) play out. Executives with BNSF parent company Berkshire Hathaway noted on Saturday during the company's annual shareholder meeting that BNSF...

Rival Canadian suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are seeking to win the hearts of the shareholders of Kansas City Southern (NYSE: KSU). CN said Saturday that it will be engaging with the board of directors of Kansas City Southern (KCS) over its acquisition proposal. Last...