KANSAS CITY, Mo. — Last year, a pair of infrastructure funds sought to take Kansas City Southern private. Last month, Canadian Pacific struck a $29 billion deal to acquire KCS. And today Canadian National topped that with an offer worth $33.7 billion. What’s next in the battle to acquire the smallest but fastest growing Class […]
Let the bidding war begin. Canadian National today topped rival Canadian Pacific’s $29 billion offer for Kansas City Southern in what one analyst called “an aggressive move.” CN’s $33.7 billion offer is a 21% premium to the deal CP reached with KCS last month. CN is offering KCS investors $325 per share, including $200 per […]
WASHINGTON – Support is pouring in for Canadian National’s proposed sale of former Wisconsin Central branches to shortline operator Watco. A major shipper group, a current shipper, railroad associations in Wisconsin and Michigan, a county economic development agency, and the Badger State’s largest business group have all urged federal regulators to expedite review of the […]
WASHINGTON — In a move that has stunned rail observers, a pair of local shipper groups is challenging Canadian National’s proposed sale of former Wisconsin Central branches to short line operator Watco. This month CN and Watco sought to have their deal considered exempt from review by the Surface Transportation Board, which is the typical […]
Three Siemens Venture coaches and two Charger locomotives depart Chicago on Monday, April 12, for Effingham, Ill. The cars will test through through Thursday of this week, evaluating the new equipment’s ability to effectively shunt electric current between rails on Canadian National’s former Illinois Central trackage. Since 2006, the railroad has imposed a minimum axle […]
Any way you look at it, Canadian Pacific’s proposed acquisition of Kansas City Southern is a blockbuster deal. It creates the first railroad to link the U.S., Mexico, and Canada. It gives shippers from both railroads more single-line service options. And it will boost competition – with other railroads and, more importantly, trucks – in […]
Alabama port agency asks STB to deny Amtrak effort to start Gulf Coast service The Alabama State Port Authority has asked the Surface Transportation Board to turn down Amtrak’s request for an order allowing it to start passenger service between New Orleans and Mobile, Ala., instead requesting the board compel Amtrak to complete the traffic […]
Amtrak to lift capacity limits on seat sales in May Amtrak will end its 50% capacity limit for ticket sales on May 24, a company spokesman has confirmed to Trains News Wire. The passenger railroad will continue to display information on the percentage of seats available on the Amtrak.com website for those wishing to seek […]
No. 231, one of Missabe’s famous 2-8-8-4s, passes two brand-new successor SD9s at Proctor Yard in May 1959. Marvin Nielsen History of the Duluth, Missabe & Iron Range From 1938 until it was purchased by Canadian National in 2004, the Duluth, Missabe & Iron Range Railway was “King of the Iron-Ore Haulers.” Its job was […]
Progress Rail closes La Grange engine plant Progress Rail has closed its La Grange, Ill., engine facility, ending manufacturing at a site that had been part of locomotive production since EMD broke ground for its main plant there in 1935. Progress, which announced plans to close the plant in 2018, said it anticipated the transition […]
MONTREAL — Watco will buy 650 miles of branch lines in Wisconsin and Michigan from Canadian National, along with 250 miles of the company’s Soo Subdivision in Ontario, the companies announced today. In Ontario, where it acquires the line between Sault Ste. Marie and Oba, Ont., Watco will provide freight operations and continue the […]
Contractor informs California high speed agency of new delays A contractor on California’s high speed rail project has told the state high speed rail agency that it will not complete a 65-mile section of the railway in the Central Valley until at least April 2025, almost two years after the target date in the agency’s […]
