Kansas City Southern discloses other merger suitors

Logos for Canadian National, Canadian Pacific, and Kansas City Southern

KANSAS CITY, Mo. — Kansas City Southern was indeed the pretty girl at the dance. KCS was pursued by at least two other suitors besides Canadian Pacific and Canadian National – including an unnamed Class I system that was interested in acquiring only part of the cross-border railroad — during the lengthy process leading to […]

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News report says Biden administration will seek to address consolidation, pricing by rail and ocean shipping industries

Surface Transportation Board logo

WASHINGTON — The Biden administration wants U.S. regulatory agencies to address consolidation and what it considers to be anticompetitive pricing by railroads and ocean shipping firms, the Wall Street Journal reports in a paywalled article. The Journal — citing a source familiar with the situation — says the administration will issue an executive order this […]

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Kansas City Southern stockholders to vote on merger Aug. 19

Canadian National and Kansas City Southern logos

MONTREAL and KANSAS CITY, Mo. — Kansas City Southern has scheduled an online special meeting of its stockholders for Aug. 19 to vote on the proposed merger with Canadian National. Those holding stock as of July 1 will be entitled to vote on the agreement, under which stockholders will receive $200 cash and 1.129 shares […]

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June rail traffic well ahead of 2020 levels

Weekly table showing U.S. rail traffic

WASHINGTON — U.S. rail traffic remained strong in June, with overall carload and intermodal traffic running 14.5% ahead of the same month in 2020. Year-to-date traffic at the end of the second quarter was up 13.7% compared to pandemic-depressed totals for the first half of 2020, according to statistics from the Association of American Railroads. […]

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Amtrak, Siemens finalize deal for new equipment (updated)

Black and white drawing of new passenger equipment

  WASHINGTON — Amtrak and Siemens Mobility have reached agreement on contracts for 73 to 83 new trainsets to replace Amfleet I and related equipment on Northeast Corridor and state-supported services. A press release from Siemens characterizes the deal as worth $3.4 billion, while Amtrak says the agreement is for $7.3 billion, including a long […]

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