Posted 21 hours ago by Railpage System User
Meanwhile, the long knives have come out alleging willy-nilly incompetence of CN’s Board and management for having signed onto outrageously expensive merger agreement terms and having failed to perceive the mood at the STB favoring competitive options over financial returns.
Posted yesterday by Railpage System User
NEARLY two weeks after Canadian National’s (CN) attempt to purchase rival Class 1 Kansas City Southern (KCS) collapsed, KCS has confirmed that its board of directors have determined a revised merger offer from Canadian Pacific (CP) a “Company Superior Proposal” bringing negotiations over the proposed merger to a close.
Posted 2 days ago by Railpage System User
The fallout from CN’s Surface Transportation Board-forced scuttling of its attempt to merge with Kansas City Southern grew from shrapnel to a ground-zero blast the day after Canadian Pacific and KCS rekindled their relationship and agreed to move forward with their merger.
Posted 2 days ago by Railpage System User
An activist shareholder is pushing forward with plans to propose the removal of CN President and CEO JJ Ruest and add four industry veterans to the board following the railroad’s likely failed attempt to acquire Kansas City Southern.
Posted 2 days ago by Railpage System User
Canadian Pacific announced on September 12 that it ‘looks forward to executing a definitive merger agreement’ with Kansas City Southern, after the smaller railroad’s board deemed that CP’s latest bid now amounted to a ‘Company Superior Proposal’ compared to a previous offer from Canadian National.
Posted 3 days ago by 8502
Back in July, the transporter said it planned to fully resume its Ocean line in October
Posted 3 days ago by Railpage System User
The story is a familiar one to readers of Railway Age, as we have followed it closely, in detail, publishing numerous news items and feature stories, editorials and podcasts involving all the key players, as KCS, exercising its fiduciary duty to its shareholders
Posted 3 days ago by Railpage System User
Kansas City Southern’s board of directors confirmed that it has declared Canadian Pacific’s bid to acquire KCS as “superior,” thus diminishing the prospects of an acquisition by rival CN.
Posted 4 days ago by Railpage System User
Construction of the new 117,000-square-foot, 103-door transload facility—which is adjacent to CP’s Vancouver Intermodal Facility—wrapped up last month.
Posted 4 days ago by Railpage System User
CANADIAN Pacific (CP) says it is ready to re-engage with the Kansas City Southern’s (KCS) Board of Directors following the decision that CP’s revised offer for KCS can reasonably be expected to lead to a ‘Company Superior Proposal’.
Posted 5 days ago by Railpage System User
A group of them along with other nature enthusiasts are blaming the light-rail project for destroying the green space between Highways 40 and 20, which is called Technoparc.
Posted 5 days ago by Railpage System User
A transload facility at Vancouver developed by Maersk and Canadian Pacific is open for business.
Posted one week ago by Railpage System User
For those of you not keeping score, here are the highlights.
Posted one week ago by Railpage System User
“Safety being a core value at CN, this measure will contribute to protecting the health of its employees, customers, and the communities in which it operates,” the railroad said.
Posted one week ago by Railpage System User
KCS said it now “intends to provide CP with nonpublic information and to engage in discussions and negotiations with CP with respect to CP’s proposal, subject in each case to the requirements of the CN merger agreement.
Posted one week ago by Railpage System User
KCS said it now “intends to provide CP with nonpublic information and to engage in discussions and negotiations with CP with respect to CP’s proposal, subject in each case to the requirements of the CN merger agreement.
Posted one week ago by Railpage System User
PNR RailWorks has installed two large signal gantries spanning nine tracks as part of the Union Station Rail Corridor signalling enhancement programme on the Metrolinx network in Toronto.
Posted one week ago by Railpage System User
Canadian public transport operator TransLink has started construction on a new Canada Line SkyTrain station.
Posted one week ago by Railpage System User
The accident happened near Edward Street, and one person was treated at the scene for minor injuries. Prescott is about 95 km from Ottawa.
Posted one week ago by Railpage System User
The International Bridge at Sault Ste. Marie is the only way for vehicles to cross between the Canadian province of Ontario and the state of Michigan within 300 miles.
Posted one week ago by Railpage System User
The project, which took place in August, occurred during a 52-hour work block and without any safety incidents.
Posted one week ago by Railpage System User
Loop Energy, a developer and manufacturer of hydrogen fuel cell (HFC)-based systems for commercial vehicles, and Hydrogen in Motion (H2M), a solid-state hydrogen storage provider, reported Sept.
Posted 2 weeks ago by Railpage System User
THE government of Canada has announced $C 100m ($US 79.35m) in funding over five years to further improve the safety and security of Canada’s rail network, especially in light of the impacts of climate change and severe weather on railway operations.
Posted 2 weeks ago by Railpage System User
Canadian National’s US$33·6bn bid to acquire Kansas City Southern received a major setback on August 31, when the federal Surface Transportation Board rejected an application to use a voting trust as part of the process.
Posted 2 weeks ago by Railpage System User
CANADIAN National (CN) says it is disappointed by the US Surface Transportation Board’s decision to reject the use of a voting trust agreement in connection with the planned merger between CN and US Class 1 railway Kansas City Southern (KCS).
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