KCS

The love triangle appears to have ended: Kansas City Southern has terminated plans to merge with Canadian railway CN and has agreed to merge with rival suitor Canadian Pacific. CP and KCS confirmed Wednesday that they have entered into a merger agreement, in which CP will acquire KCS in a stock...

Kansas City Southern shareholders are holding off on voting on merger proposals from CN and, apparently, Canadian Pacific until late September. The announcement of the postponement referenced votes "on the previously announced definitive merger agreement with CN … and other proposals … ."...

It's up to Kansas City Southern's shareholders now to determine whether the railway will continue its plan to merge with CN or revert to Canadian Pacific. CP President and CEO Keith Creel is standing firm on a Sept. 12 deadline for KCS shareholders to respond on whether to accept CP's $31 billion...

The Surface Transportation Board voted unanimously Tuesday to reject the proposed voting trust that CN would use to acquire Kansas City Southern, making the $33.6 billion merger's prospects unclear. The STB said the trust "is not consistent with the public interest standard under the Board's merger...

Kansas City Southern shareholders will wait until Sept. 3 to decide whether they will approve the merger agreement with Canadian railway CN. KCS (NYSE: KSU) had planned to hold the shareholder vote on Thursday, but it opted to postpone the meeting until after the Surface Transportation Board...

BNSF reopens Memphis-area intermodal facility to meet increased demand BNSF has reopened an intermodal facility in Arkansas to unlock capacity in the greater Memphis, Tennessee, area. The railroad said Monday that it has reopened the Harvard Intermodal Facility in Marion, Arkansas, effective...

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...

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 railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is...

Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to...

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...

Employment levels at the U.S. operations of the Class I railroads in April were up slightly from March but down 7% year-over-year, according to data submitted to the Surface Transportation Board. U.S. Class I railroads operating in the U.S. employed 115,485 employees in April, up 0.42% from March...

Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer. Both CN and CP are seeking to acquire...

Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire Kansas City Southern (NYSE: KSU). CN is seeking to...

Canadian Pacific (NYSE: CP) isn't planning on taking part in a bidding war with rival Canadian railway CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), CP's CEO said Wednesday. "We're not considering changing anything with our bid. We're focused on getting our deal, which represents...