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Canadian National Railway Company


Latest posts about Canadian National Railway Company

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Canadian National and Norfolk Southern are set to launch a new domestic intermodal service
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
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
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
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
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
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
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
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
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).

CN and CP square up in head-to-head battle to acquire Kansas City Southern
With another day comes another development in the pursuit of Kansas City Southern (KCS) by both Canadian National Railway Company (CN) and Canadian Pacific (CP), respectively.

STB Chair confirms ‘notice of intent’ regarding proposed CP acquisition of KCS
​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.

BNSF Logistics Acquires Transportation Technology Services
Transportation Technology Services is a significant addition to the more than 9,700 rail shipments BNSF Logistics currently manages.

CN Invests C$20-Million in Expansion of Cold Supply Chain Reefer Capacity
CN (Canadian National Railway Company) announced a C$20-million investment in the expansion of its cold supply chain capacity to help producers and distributors of chilled or frozen foods grow their businesses in North American and overseas markets.

Warren Buffett’s Wind Power Extends To Logistics
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.

The Logistics of Transporting Wind Turbines
Reducing Inefficiencies, Costs and Community Impact by Streamlining the Supply Chain.


 


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