The Canadian railway CN and Kansas City Southern have agreed to talk about CN’s acquisition bid. Canadian Pacific, which has a competing offer, acknowledges the meeting. CN also submits letters of support from stakeholders to regulators.
The Surface Transportation Board has determined that a waiver that exempted Kansas City Southern from post-2001 merger rules governing rail mergers applies in the proposed merger between KCS and Canadian Pacific.
With a Canadian Pacific and Kansas City Southern merger, grain shippers in the Dakotas will have a real single-line option to reach their end markets rather than having to rely solely on UP or BNSF, says former U.S. Sen. Byron Dorgan.
The Surface Transportation Board will need to scrutinize a proposed merger between Kansas City Southern and either Canadian Pacific or CN to ensure it doesn’t hurt the operations of competing railroads, Union Pacific’s head said on the company’s first-quarter earnings call.
For now, Canadian Pacific is not planning to take part in a bidding war with rival CN to acquire Kansas City Southern, saying that its offer is more likely to meet regulators’ litmus test for mergers.
Canadian Pacific and CN both filed letters to the Surface Transportation Board asking the panel to consider the merits of their competing requests to acquire Kansas City Southern.
The U.S. Department of Justice raised concerns about how Canadian Pacific and Kansas City Southern are using a voting trust to facilitate their proposed merger. The two railroads respond.
Canadian Pacific and Kansas City Southern provided the Surface Transportation Board 75 more letters explaining why their proposed merger should be approved.
The Surface Transportation Board’s final rule on what information should be included in a demurrage billing statement provides transparency and accountability in a process shippers sometimes see as opaque.
The Surface Transportation Board defines what billing information should be included in demurrage invoices to rail users as a means to provide more transparency.
Canadian Pacific has submitted a 531-page filing to the Surface Transportation Board that includes letters from 259 entities supporting the proposed acquisition of Kansas City Southern.
CSX must again file its plans to acquire New England short line Pan Am Railways as a “significant” transaction.
Canadian Pacific wants to acquire Kansas City Southern. Here are five thoughts from Wall Street transportation analysts about the transaction.
STB Chair Marty Oberman shares the board’s views on two proposed acquisitions: CSX’s acquisition of New England short line Pan Am Railways and Canadian Pacific’s merger with Kansas City Southern.
Amtrak wants to establish passenger rail service between Mobile, Alabama, and New Orleans, but CSX, Norfolk Southern and the Port of Mobile have some reservations. Amtrak has filed a petition with the Surface Transportation Board to turn its plan into fruition.
Transportation Technology Center Inc. is undergoing a management change that would enable the group to expand work to multiple sites, while the Surface Transportation Board appoints two short line railroad representatives to the Railroad-Shipper Transportation Advisory Council. Also, a Manitoba transload facility at the U.S.-Canadian border seeks customers.
Eastern U.S. railroad CSX (NASDAQ: CSX) has started the regulatory process to acquire New England short line operator Pan Am Railways in a move that CSX hopes will strengthen its intermodal presence in the region. The company on Thursday submitted its application to the Surface Transportation Board. The application includes a request both to acquire […]
U.S. Class I rail headcount totaled 113,461 employees in January.
A change in political direction – and ongoing concerns – greet 10 Biden picks who will deal with freight issues.
Marty Oberman has been appointed to serve as the chairman of the Surface Transportation Board.
