Kansas City Southern

Class I railroad carrier Canadian Pacific Kansas City (CPKC) is making significant intermodal inroads, since formally becoming a collective entity on April 14, following the official of the company’s merger by the Surface Transportation Board in mid-March, with recent announcements heralding new respective intermodal agreements with Knight-Swift Transportation and Schneider National.

The long-awaited decision regarding the acquisition of Kansas City Railway Company (KCS) by Canadian Pacific (CP) reached its expected outcome today, with the Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, saying it has approved the $31 billion deal, which will go into effect on April 14.

Following the closing of the agreement reached in mid-September between Class I railroad carrier Kansas City Southern (KCS) and Calgary-based Canadian Pacific Railway Company, 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, the companies announced late last week they are now officially ready to take the next step in their relationship.

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.

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.

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.

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).

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.”

BNSF and Kansas City Southern announce a new joint intermodal transportation service connecting Chicago and Dallas/Fort Worth and other major markets with the Kansas City Southern de México network.