Canadian National Railway Company News & Resources
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Canadian National and Norfolk Southern are set to launch a new domestic intermodal service
September 12, 2023
CN and NS officials said that this new service will provide customers with an integrated, market-competitive, and efficient all-rail service. And they added that this service will connect CN-served Canadian markets with Norfolk Southern-served Kansas City and Atlanta, which they referred to as the heart of the fast-growing manufacturing and consumer base in the Southeastern U.S.
CP and KCS come to terms on merger to combine into first North American single-line network
September 16, 2021
The respective pursuits of Class I railroad carrier Kansas City Southern (KCS) by Calgary-based Canadian Pacific Railway Company (CP) and its Canadian counterpart Montreal-based Canadian National have come to a stop on the tracks with CP and KCS announcing on September 15 they reached an agreement in which CP will acquire KCS for $31 billion, in a stock and cash transaction, which includes the assumption of $3.8 billion of outstanding KCS debt.
Kansas City Southern says it is leaning towards revised offer from CP
September 13, 2021
The respective pursuits of Class I railroad carrier Kansas City Southern (CN) by Canadian Class Is CP and Canadian National (CN) appears to have reached the end of the line, with KCS announcing on September 12 that its Board of Directors has indicated that the revised offer submitted by CP is a “Company Superior Proposal."
STB rejects CN-KCS voting trust, puts deal in peril
August 31, 2021
Coming in under the wire on its August 31 deadline, the Surface Transportation Board (STB) announced a unanimous decision today, in rejecting the use of a voting trust between Canadian National Railway (CN) and Kansas City Southern (KCS) regarding CN’s pending acquisition of KCS, which could hinder chances of a deal being completed.
STB is examining CN-KCS joint motion regarding proposed voting trust agreement
August 10, 2021
The pending acquisition of Kansas City Southern (KCS) by Canadian National Railway (CN) was the focus on an announcement made today by the Surface Transportation Board (STB), with the STB saying today it is now considering a joint motion filed by CN and KCS, regarding approving the parties’ voting trust agreement.
CN set to acquire KCS but regulatory hurdles remain
May 21, 2021
After an ongoing theme of stops and starts and new developments, regarding the respective pursuits by Class I North of the Border railroads Canadian National (CN) and Canadian Pacific (CP) of Kansas City Southern (KCS), it appears that the train may be coming to a stop, with CN and KCS saying earlier today that they have reached a deal and have entered into a definitive merger agreement, which they said will “create the premier railway of the 21st century.”
The wheels keep turning in the respective pursuits of KCS by CN and CP
May 17, 2021
Not long after Canadian National (CN) appeared to have the upper hand over its Canadian Class I railroad brethren Canadian Pacific (CP), in their respective efforts to acquire Kansas City Southern (KCS), the situation again has returned to something less definitive.
CN states that its proposal to acquire KCS is “deemed superior” by KCS Board
May 13, 2021
With both Class I railroads north of the border—Canadian Pacific CN—throwing their respective hats in the ring, with the objective of acquiring Kansas City Southern (KCS), CN said on Thursday night that after it submitting what it called an enhanced binding superior proposal agreement to the KCS Board of Directors that the KCS board has now determined that CN’s proposal is a “Company Superior Proposal.”
CP and CN keep their eyes on the (KCS) prize, following STB ruling
April 26, 2021
Momentum continues to roll down the tracks, with the final destination being an acquisition of Class I rail carrier Kansas City Southern. But the question remains as to whom will be the company that ends up driving that acquisition train. It comes down to the two Class I railways north of the border—Calgary-based Canadian Pacific (CP) or Montreal-based Canadian National (CN).
STB Chair confirms ‘notice of intent’ regarding proposed CP acquisition of KCS
March 24, 2021
With Calgary-based Canadian Pacific (CP) recently announcing it plans to acquire Kansas City Southern (KCS) for $29 billion, in a deal that will establish the first freight railway connecting the United States, Canada, and Mexico, leadership at the Surface Transportation Board (STB) said today it received a “notice of intent” about the proposed transaction.
Warren Buffett’s Wind Power Extends To Logistics
March 6, 2014
Building more than a gigawatt of new wind power in Iowa is the development of a logistics center in the heart of wind country, West Texas, by BNSF Logistics, a subsidiary of Berkshire’s Burlington Northern Santa Fe Railway Company.
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