CN and KCS make joint filing with the STB for voting trust approval
May 26, 2021
Less than one week after Class I railroads CN and KCS said they reached a deal and entered into a definitive merger agreement, with CN acquiring KCS for $33.6 billion, which they said will “create the premier railway of the 21st century,” the companies announced today that they have made a joint filing with the Surface Transportation Board (STB).
CN throws its hat into the ring to acquire KCS, with a $33.7 billion proposed offer
April 20, 2021
As the freight railroad sector ostensibly was awaiting the recently-proposed Canadian Pacific (CP) acquisition of Kansas City Southern (KCS) for $29 billion, which was announced in March, the chances of that deal—marrying two Class I railroads—making it to the final station are dealing with a new issue on the tracks, with the other Class I North of the border, CN, throwing its hat into the ring today, with what it called a “superior proposal,” for $33.7 billion.
Canadian Pacific Railway CEO Green is out following proxy vote by company’s largest shareholder
May 17, 2012
Class I railroad carrier Canadian Pacific Railway Ltd. said ahead of its annual shareholder meeting earlier today that Fred Green, president and CEO, has left the company. This move comes in the wake of a proxy vote by activist investor Bill Ackman, head of Pershing Square Capital Management, and the single largest CP shareholder with a 14.1 percent stake in the company.
Railroad shipping: CN set to collaborate with TSI Terminal Systems for efficiency improvements
June 15, 2010
Class I railroad carrier Canadian National Railway (CN) recently announced it has inked a Memorandum of Understanding with TSI Terminal Systems, a subsidiary of GCT Container Terminals Inc., which endeavors to enhance service levels for mutual customers and draw greater volumes of traffic over Port Metro Vancouver.