Canadian Pacific submits revised offer to acquire Kansas City Southern

The Supply Chain Journal

Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN. This story is developing.

Kansas City Southern to utilize Commtrex’s transloading platform

The Supply Chain Journal

Kansas City Southern will be using freight data supplier Commtrex ’s platform to increase visibility and connectivity within KCS’ transload facility in the U.S. News Rail agricultural transloading Commtrex cross-border Kansas City Southern Kansas City Southern de Mexico transloading

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Kansas City Southern chooses CN bid, terminates CP merger agreement

The Supply Chain Journal

Kansas City Southern ( NYSE: KSU ) has made it official: It’s breaking up with Canadian Pacific ( NYSE: CP ) and it’s going with the merger offer from CP rival CN ( NYSE: CNI ). Kansas City Southern declares CN proposal ‘superior’.

News Alert: CN makes nearly $34 billion bid for Kansas City Southern

The Supply Chain Journal

Canadian railway CN ( NYSE: CNI ) has offered to acquire Kansas City Southern ( NYSE: KSU ) in a cash-and-stock transaction worth $33.7 CN rival Canadian Pacific ( NYSE: CP ) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion. .

Kansas City Southern expects strong market for rail in second half of 2021

The Supply Chain Journal

Kansas City Southern still anticipates double-digit revenue growth for 2021 amid favorable macroeconomic indicators, executives said during its second-quarter 2021 earnings call on Friday. Related links: Merger money cuts into Kansas City Southern’s Q2 profit.

News Alert: CN makes nearly $34 billion bid for Kansas City Southern

The Supply Chain Journal

Canadian railway CN ( NYSE: CNI ) has offered to acquire Kansas City Southern ( NYSE: KSU ) in a cash-and-stock transaction worth $33.7 CN rival Canadian Pacific ( NYSE: CP ) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion. .

CN, Kansas City Southern merger would target competition from trucks

The Supply Chain Journal

A merger between Canadian railway CN ( NYSE: CNI ) and Kansas City Southern ( NYSE: KSU ) would created a formidable opponent for what should be the industry’s largest threat: long-haul trucking, CN executives said Tuesday morning in their pitch to acquire Kansas City Southern (KCS).

Canadian Pacific slams CN’s bid to acquire Kansas City Southern

The Supply Chain Journal

Canadian Pacific ( NYSE: CP ) slammed a bid by rival CN ( NYSE: CNI ) to acquire Kansas City Southern ( NYSE: KSU ), describing CN’s proposal as “massively complex and likely to fail” because it decreases competition and raises antitrust concerns, according to CP.

Kansas City Southern to hold CN-KCS merger vote in September

The Supply Chain Journal

Kansas City Southern shareholders will wait until Sept. Canadian Pacific submits revised offer to acquire Kansas City Southern. News Rail Canadian National Canadian National Railway Canadian Pacific Canadian Pacific Railway CN Kansas City Southern M&A Mergers and acquisitions

Merger money cuts into Kansas City Southern’s Q2 profit

The Supply Chain Journal

The $700 million fee that Kansas City Southern paid to terminate its merger agreement with Canadian Pacific slashed KCS’ income for the second quarter. Kansas City Southern). Related links: Regional interests take sides in Kansas City Southern merger fight.

Kansas City Southern, Norfolk Southern announce retirements, appointments

The Supply Chain Journal

Kansas City Southern’s chief innovation officer to retire. Brian Hancock, Kansas City Southern ’s ( NYSE: KSU ) chief innovation officer, will retire from Kansas City Southern (KCS) effective July 2, according to a company filing to the U.S.

News Alert: Kansas City Southern intends to accept ‘superior’ CN proposal

The Supply Chain Journal

Kansas City Southern ( NYSE: KSU ) has made a decision: it plans to merge with Canadian railway CN ( NYSE: CNI ). . Upon receipt of a revised acquisition proposal from CN, Kansas City Southern (KCS) has decided to deem that proposal as “superior.”.

Regional interests take sides in Kansas City Southern merger fight

The Supply Chain Journal

The debate over which Canadian railway would provide greater benefits to stakeholders through a merger with Kansas City Southern ( NYSE: KSU ) appears to be pitting regions of the U.S.

Amazon Air begins daily service to Pittsburgh, Kansas City

The Supply Chain Journal

Add Pittsburgh and Kansas City, Missouri, to Amazon’s (NASDAQ: AMZN ) rapidly growing network of airports served by its in-house cargo airline, which helps the company cut ground transport times and quickly deliver online orders to businesses and consumers.

News Alert: Kansas City Southern intends to accept ‘superior’ CN proposal

The Supply Chain Journal

Kansas City Southern ( NYSE: KSU ) has made its decision: it plans to merge with Canadian railway CN ( NYSE: CNI ). . Upon receipt of a revised acquisition proposal from CN, Kansas City Southern (KCS) has decided to deem that proposal as “superior.”.

News Alert: Regulators say older merger rules apply to Kansas City Southern

The Supply Chain Journal

A proposed merger between Kansas City Southern ( NYSE: KSU ) and Canadian Pacific ( NYSE: CP ) can proceed under older rules governing Class I mergers, the Surface Transportation Board (STB) determined Friday. CN, Kansas City Southern merger would target competition from trucks.

News Alert: Regulators say older merger rules apply to Kansas City Southern

The Supply Chain Journal

A proposed merger between Kansas City Southern ( NYSE: KSU ) and Canadian Pacific ( NYSE: CP ) can proceed under older rules governing Class I mergers, the Surface Transportation Board (STB) determined Friday. CN, Kansas City Southern merger would target competition from trucks.

Kansas City Southern Q1 net profit flattish on 4% revenue decline

The Supply Chain Journal

Lower revenue contributed to flattish year-over-year first-quarter net profit for Kansas City Southern ( NYSE: KSU). . million in merger costs, according to Kansas City Southern (KCS). Kansas City Southern). Canadian Pacific intends to acquire Kansas City Southern for $29B.

Kansas City on pace for record commercial real estate growth in 2021

The Supply Chain Journal

The deal is notable because it continues a hot streak for the Kansas City region, which has seen a boom in the past year in commercial real estate, both in terms of companies building facilities and firms like Colliers constructing buildings even without tenants.

The Daily Dash: Kansas City Southern favors CN merger proposal

The Supply Chain Journal

In today’s edition, we highlight news that Kansas City Southern prefers Canadian railway CN’s merger proposal, as well as a new venture that helps trucking companies enhance their reputations and more. The Daily Dash is a quick look at what’s happening in the freight ecosystem.

CP Rail Agrees to Buy Kansas City Southern for $25 Billion

Supply Chain Brain

Canadian Pacific Railway is aiming to create a 20,000-mile rail network linking the U.S., Mexico and Canada in the first year of those nations’ new trade alliance

Supply Chain News on Three Federal Maritime Commissioners ask STB to Stop Kansas City Southern Takeover

Supply Chain Digest

Allege Canadian Pacific Railway will Divert Containers from US to Canadian Ports

Less than Truckload Freight Rates: Kansas City, MO

Freightera

LTL Freight Rates: from Major Cities in the USA and Canada to Kansas City, Missouri. From Kansas City MO to Austin TX : $234.16 From Poughkeepsie NY to Kansas City MO: $300.49 From Kansas City MO to Libertyville IL : $204.65 From Richmond BC to Kansas City MO: $402.97

CP, CN argue merger merits before Surface Transportation Board

The Supply Chain Journal

Rival railways CN ( NYSE: CNI ) and Canadian Pacific ( NYSE: CP ) on Wednesday pressed regulators to consider the merits of their competing requests to acquire Kansas City Southern ( NYSE: KSU ). There is no doubt that the best option for Kansas City Southern and the U.S.

CP signals no counterbid, asks KCS board to reject CN

The Supply Chain Journal

Canadian Pacific ( NYSE: CP ) is asking the board of directors of Kansas City Southern ( NYSE: KSU ) to reject a competing merger offer from CN ( NYSE: CNI ) once and for all. Both CN and CP are seeking to acquire Kansas City Southern (KCS).

CN and Canadian Pacific vie for shippers’ and KCS shareholders’ favor

The Supply Chain Journal

Rivals CN ( NYSE: CNI ) and Canadian Pacific ( NYSE: CP ) are vying to win the public’s favor for which Canadian railway is better suited to merge with Kansas City Southern ( NYSE: KSU ). Regulators say older merger rules apply to Kansas City Southern.

KCS declares Canadian Pacific’s merger offer as ‘superior’

The Supply Chain Journal

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.

CN and KCS seek to divest 70 miles of track in Louisiana

The Supply Chain Journal

Canadian railway CN ( NYSE: CNI ) and Kansas City Southern ( NYSE: KSU ) plan to divest of about 70 miles of Kansas City Southern (KCS) track in Louisiana as part of the effort to secure regulatory approval to merge and create an “end-to-end” network that spans from Canada to Mexico.

Truck driver killed in Texas after collision with freight train

The Supply Chain Journal

when a Kansas City Southern train struck the vehicle, which then burst into flames. “It In a statement, Kansas City Southern said, “A KCS train collided with a truck at the FM 1960/FM 2100 grade crossing, fatally injuring the driver of the truck.

CN, CP respond to rail regulator’s decision on CN-KCS merger

The Supply Chain Journal

The Surface Transportation Board’s decision on Monday to hold Canadian railway CN ’s ( NYSE: CNI ) petition to acquire Kansas City Southern ( NYSE: KSU ) to a higher regulatory standard has emboldened both CN and rival Canadian Pacific ( NYSE: CP ).

KCS agrees to merge with CP, nixes plans with CN

The Supply Chain Journal

The love triangle appears to have ended: Kansas City Southern has terminated plans to merge with Canadian railway CN and has agreed to merge with rival suitor Canadian Pacific.

DOJ asks regulators not to approve CN-KCS voting trust

The Supply Chain Journal

The voting trust would be used to acquire Kansas City Southern ( NYSE: KSU ). CN is seeking to establish a voting trust as a way to protect Kansas City Southern (KCS) from being taken over as STB reviews CN’s request to merge with KCS. Citing competition concerns, the U.S.

Drilling Deep: Saia, ODFL and KC Southern on Mehrotra’s mind

The Supply Chain Journal

A few companies are on his discussion list: Saia (NASDAQ: SAIA) , Old Dominion Freight (NASDAQ: ODFL) and Kansas City Southern (NYSE: KSU) , among others. Amit Mehrotra of Deutsche Bank joined host John Kingston for the Drilling Deep podcast to talk about the just-completed earnings season. .

Regulators approve CP’s and KCS’ request to form pre-merger voting trust

The Supply Chain Journal

The Surface Transportation Board (STB) has determined that Canadian Pacific ( NYSE: CP ) and Kansas City Southern ( NYSE: KSU ) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process.

Justice Department, CP and KCS spar over rail merger process

The Supply Chain Journal

Department of Justice (DOJ) and Canadian Pacific ( NYSE: CP ) disagree on whether CP’s use of a voting trust during its proposed acquisition of Kansas City Southern ( NYSE: KSU ) will interfere with how regulators review the merger. The U.S.