Updated — A federal ministerial order has been issued halting Canadian National and Canadian Pacific rail movement through the Kamloops area of British Columbia for 48 hours from midnight Friday. […] Read more
Tag Archives cn
Feds halt CN, CP trains through B.C. wildfire area for two days
'Extended recovery' expected for westbound grain traffic
P+H to replace eastern Saskatchewan elevator
New facility, loop track to be on line in mid-2022
Agrifood company Parrish and Heimbecker (P+H) plans to build a new and leaner grain elevator at Yorkton, Sask. to replace its 41-year-old facility there. The privately-held Winnipeg grain firm said […] Read more
Kansas City Southern sticks with CN as CP won’t raise bid
CN confident of regulatory approval
Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating […] Read more
CN shareholder urges changes to Kansas City Southern deal
Fund manager also holds stake in CP
Reuters — Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railway changed its […] Read more
CN bid for U.S. railway poses greater risk to competition, DOJ says
Reuters — The U.S. Department of Justice said on Friday that Canadian National Railway’s bid for U.S. railway operator Kansas City Southern appears to pose greater risks to competition than […] Read more
Kansas City Southern accepts new CN bid over CP’s
CN offers to cover KCS's breakup fee with CP
Reuters — U.S. railway operator Kansas City Southern said Thursday it had accepted Canadian National Railway’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific […] Read more
CP files objection with U.S. regulator over CN’s Kansas City Southern bid
Reuters — Canadian Pacific Railway said on Saturday it filed a formal objection with a U.S. regulator, stating Canadian National Railway’s near US$30 billion rival bid for Kansas City Southern […] Read more
Cost index up for CN, down for CP in grain revenue formula
CP expects lower labour costs, CN higher
Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the […] Read more
Rail shippers pick sides as CP, CN bid for Kansas City Southern
Richardson, Conagra among firms supporting both bids
Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas […] Read more
CP CEO rules out raising Kansas City Southern bid
CP's first-quarter profit climbs
Reuters — Canadian Pacific Railway CEO Keith Creel said Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is […] Read more