Latest Kansas City Southern News

Canadian National says investor's shakeup drive 'misguided'

Oct. 04, 2021 15:28 PM EDT

OMAHA, Neb. (AP) — Canadian National has sharpened its criticism of the investor pressuring it to make changes to its operations and replace its CEO following its failed attempt to acquire the Kansas City Southern railroad. The criticism of London-based investment firm...

CN railroad faces investor pressure after losing rail deal

Sep. 29, 2021 13:15 PM EDT

OMAHA, Neb. (AP) — After walking away from its effort to buy Kansas City Southern railroad earlier this month, Canadian National Railway Co. continues to face investor pressure to make changes in its operation. The London-based investment firm TCI Fund — which owns...

Union Pacific CEO sees strong economy coming out of pandemic

Sep. 17, 2021 10:33 AM EDT

OMAHA, Neb. (AP) — As Union Pacific’s CEO, Lance Fritz has had to find ways to keep the freight moving during the coronavirus pandemic as the economy nearly ground to a halt and then roared back to life. Now he is working to help clear up a major backlog in imported shipments. ...

Railroad execs hope CP-KCS merger could be done by late 2022

Sep. 16, 2021 14:32 PM EDT

KANSAS CITY, Mo. (AP) — Canadian Pacific hopes to complete its $31 billion acquisition of Kansas City Southern railroad before the end of next year. Shareholders of both companies are likely to vote on the deal sometime in December, and then Mexican and American...

Canadian Pacific's acquisition of KCS railroad back on track

Sep. 15, 2021 16:35 PM EDT

OMAHA, Neb. (AP) — After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from...

Spirit AeroSystems, Hess rise; Dynavax, TransUnion fall

Sep. 13, 2021 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Spirit AeroSystems Holdings Inc., up $1.80 to $39.94. The Biden administration is providing $482 million to aviation industry manufacturers to help avert job or pay...

Canadian National railroad facing more investor pressure

Sep. 13, 2021 13:30 PM EDT

OMAHA, Neb. (AP) — A day after being spurned by Kansas City Southern, Canadian National Railway is facing additional pressure from a major investor who wants CN to abandon its effort to buy the U.S. railroad. The London-based investment firm TCI Fund — which owns...

Kansas City Southern picks Canadian Pacific bid for railroad

Sep. 12, 2021 15:03 PM EDT

KANSAS CITY, Mo. (AP) — Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad. The Kansas City, Missouri, company said in a statement Sunday that it has notified rival bidder Canadian...

Kansas City Southern in talks on Canadian Pacific's $31B bid

Sep. 07, 2021 17:37 PM EDT

OMAHA, Neb. (AP) — Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National's $33.6 billion bid last week. Kansas City...

Kansas City Southern suitor's bid in jeopardy after ruling

Sep. 02, 2021 10:50 AM EDT

OMAHA, Neb. (AP) — Canadian National’s $33.6 billion deal to acquire Kansas City Southern railroad is in jeopardy after federal regulators on Tuesday rejected a key part of the plan and opened the door for a competing $31 billion offer from Canadian Pacific Railway. ...