KSU

The footprint of the North American Class I railroad landscape is dramatically changing form, with this weekend’s landmark announcement that Calgary-based Canadian Pacific (CP) is acquiring Kansas City Southern (KCS) for $29 billion, in a deal that will establish the first freight railway connecting the United States, Canada, and Mexico.

A report in today’s Wall Street Journal said that Blackstone Group and Global Infrastructure Partners made a takeover offer for Class I railroad carrier Kansas City Southern (KSU). The report noted that KSU currently has a $17 billion market value, citing sources familiar with this development. A dollar price for the acquisition offer was not available.