CN
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Rail
CN to conduct strategic review of non-rail assets
CN is seeking to generate CA$700 million in additional operating income in 2022 through cutting labor and operational costs and seeking pricing opportunities.
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Rail
KCS agrees to merge with CP, nixes plans with CN
Kansas City Southern returns to its old flame and opts to merge with Canadian Pacific. Rival railway CN acknowledges its merger plans have been scrapped.
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Rail
TCI pushes to add industry veterans to CN board, remove CEO
Major CN shareholder TCI Fund Management wants CN’s board to have more operational experience. The company is also still pushing for the removal of CN’s…
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Rail
KCS punts merger vote until late September
Kansas City Southern shareholders pushed back a vote on whether to approve CN's merger agreement to Sept. 24.
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Rail
KCS shareholders in hot seat as CP sets deadline on merger offer
Kansas City Southern shareholders must decide whether to continue to pursue merger plans with CN or go with Canadian Pacific.
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Rail
Regulators reject CN’s proposed voting trust to acquire KCS
The Surface Transportation Board rejected CN’s application to establish a voting trust, which would be used as part of the process to acquire Kansas City…
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Rail
Kansas City Southern to hold CN-KCS merger vote in September
KCS’ board of directors confirmed plans to postpone the shareholder vote on the CN-KCS merger agreement until after the Surface Transportation Board renders a decision…
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Rail
Canadian grain shippers, railroads brace for lower grain volumes
Although Canadian grain shippers anticipate lower grain harvest volumes for the 2021-2022 crop year, adequate rail service remains a chief concern.
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Rail
Freight rail interests press officials not to overregulate
The Association of American Railroads responds to regulator’s inquiry about supply chain congestion, while GoRail advocates for regulation supporting freight rail industry growth.
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Rail
KCS declines Canadian Pacific’s revised, $31B takeover offer
Kansas City Southern declined Canadian Pacific’s revised bid, opting to stick with CN. But a shareholder vote to approve the CN-KCS merger agreement could be…
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