Kansas City Southern

Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with industrial cities in Mexico. The KCS coordinated rail network (KCSR, KCSM, and Tex-Mex) comprises approximately 6,300 route miles extending from the midwest and southeast portions of the United States south into Mexico and connects with all other Class I railroads, providing shippers with an effective alternative to other railroad routes and giving direct access to Mexico and the southeast and southwest the United States through alternate interchange hubs.

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Canadian National Railway Company

What defines whether a merger is in the “public interest” and whether it is beneficial or harmful are questions that the Surface Transportation Board may need to unpack as it reviews mergers between Class I railroads, including the proposed acquisition of Kansas City Southern (NYSE: KSU) by CN (NYSE: CNI). The regulatory agency has been receiving public comments on the voting trust that CN hopes to establish as part of the process to acquire KCS.

Shippers want STB to clarify what it wants from merger applicants

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) and Midstream Texas Operating LLC (MTO) today announced a long-term commercial agreement to provide truck-to-rail transloading services for petroleum and petrochemicals from Corpus Christi, Texas into Mexico. Operations are expected to begin in fourth quarter 2021. “KCS is looking forward to working with MTO to expand infrastructure to supply petroleum products to Mexico out of Corpus Christi. This new transload is strate

Midstream Texas Operating to Build Transload Facility on Kansas City Southern Line in Corpus Christi, Texas for Export of Refined Products into Mexico

Within the last quarter, Kansas City Southern (NYSE:KSU) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 0 0 Somewhat Bullish 0 0 0 1 Indifferent 1 0 0 2 Somewhat Bearish 0 0 1 0 Bearish 0 0 0 0 In the last 3 months, 7 analysts have offered 12-month price targets for Kansas City Southern. The company has an average price target of $289.43 with a high of $310.00 and a low of $275.00.

What 7 Analyst Ratings Have To Say About Kansas City Southern

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today noted that the Surface Transportation Board's (“STB”) comment period regarding the companies' application for approval of a voting trust has closed, marking another key step toward creating the premier railway for the 21st century through the end-to-end, pro-competitive combination of the two companies. The plain vanilla voting trust proposed by CN and KCS, which is identic

Approval of CN-KCS Voting Trust Is Essential Next Step for Shippers and Others to Have Their Say on What Constitutes Enhanced Competition

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that three local union committees representing CN and KCS employees in the United States that are affiliated with the Brotherhood of Locomotive Engineers and Trainmen (“BLET”) have filed four letters in support of the proposed voting trust with the Surface Transportation Board (“STB”). These letters were filed as part of the STB's public comment period for its rev

CN-KCS Voting Trust Receives Additional Support From Organized Labor, Including Four Local Union Letters From the Brotherhood of Locomotive Engineers and Trainmen

Canadian Pacific Kansas City Limited

Norfolk Southern

Employment levels for the U.S operations of the Class I railroads in May were at their highest point in 2021 year to date, although overall headcount is still down year-over-year, according to data submitted to the Surface Transportation Board (STB). The increase in U.S. Class I headcount comes as a number of Class I railroads tell federal regulators that they are actively recruiting and hiring for new train conductors (see below).

US Class I rail headcount sees modest gains in May

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that their combination continues to gain support, with letters from customers, suppliers, elected officials and other stakeholders being filed with the Surface Transportation Board (“STB”) in favor of the companies' pro-competitive combination. Nearly 200 additional letters have been sent to CN and KCS and filed with the STB, bringing the total number of letters r

Pro-competitive CN-KCS Combination Gains Even More Support from Key Stakeholders

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today highlighted the benefits realized by grain customers, including farmer-owned grain co-operatives, through CN's open gateways commitment in the CN-KCS combination. These stakeholders, including agricultural customers in the Upper Midwestern U.S., would benefit from a choice of routes and competitive rates, better service and innovation resulting from the competition for thei

CN's Open Gateways Commitment in CN-KCS Combination Provides Grain Customers, Including in the Upper Midwestern U.S., the Competitive Access They Want

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--An op-ed co-authored by JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU) was published in The Hill yesterday under the headline “Rail merger is a key to economic growth, supply chain security.” In the op-ed, Ruest and Ottensmeyer articulated how the combination of CN and KCS will supply critical infrastructure to

CN's JJ Ruest and KCS' Pat Ottensmeyer Emphasized Supply Chain and Environmental Benefits of Transaction in Op-Ed

Merger arbitrage offers a way to obtain CNI shares at an attractive cost basis. Timeline, odds of success, and downside risk discussed.

Buy Kansas City Southern, Get Canadian National Railway 30% Off

Canadian railways CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to make their case before regulators and the broader public about why each is the better company to acquire Kansas City Southern (NYSE: KSU). Regulators are accepting public comments on CN's proposed voting trust, which CN and KCS say they need in order to continue merger proceedings before the Surface Transportation Board (STB).

CN, Canadian Pacific nail down more support for merger campaigns

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the International Brotherhood of Boilermakers (“IBB”) filed a letter of support for CN's and KCS' proposed voting trust with the Surface Transportation Board (“STB”). This letter from IBB, one of the oldest unions in the United States representing more than 50,000 skilled craftsmen and craftswomen and industrial workers throughout the United States and Canada

CN-KCS Voting Trust Strongly Supported by International Brotherhood of Boilermakers

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that three local union committees representing CN employees in the United States that are affiliated with the International Association of Sheet Metal, Air, Rail and Transportation Workers, Transportation Division (“SMART-TD”) have each filed letters in support of the proposed voting trust with the Surface Transportation Board (“STB”). These letters underscore the

CN-KCS Voting Trust Supported by SMART Transportation Division

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that Dr. William Huneke, the former Director of the Office of Economics and Chief Economist at the Surface Transportation Board (“STB”) has written an op-ed, which was published by Railway Age. In the op-ed, Huneke emphasizes the pro-competitive benefits of a CN/KCS combination, resulting from the companies' commitment to keep gateways open on commercially reasona

Former STB Chief Economist, Dr. William Huneke, Believes CN/KCS Combination Will Enhance Competition and That Voting Trust Should Be Approved

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) will release its second quarter 2021 financial results on Friday, July 16, 2021, before the opening of trading on the New York Stock Exchange. KCS will also hold its second quarter 2021 earnings conference call on Friday, July 16, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanying pre

KCS Announces Second Quarter 2021 Earnings Release and Conference Call Time

Union Pacific

Tailwinds like buoyant freight revenues and cost curtailment bode well for the railroads like Union Pacific (UNP), CSX and Norfolk Southern (NSC).

AAR's Bullish Traffic Data Supports U.S. Railroads' Recovery

Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is accepting public comments on CN's voting trust application through the end of the month.

CN asserts it has broad support for CN-KCS voting trust proposal

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that support for their pro-competitive proposed combination continues to grow. One hundred additional letters have been sent to CN and KCS and filed with the Surface Transportation Board (“STB”) in favor of a combination between the two companies, bringing the total number of support letters CN and KCS have received to greater than 1,500. Importantly, 90 of the le

Support for Pro-competitive CN-KCS Combination Grows to More Than 1500 Letters Filed With The STB

Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to approve CN's voting trust proposal, which both parties say is needed in order for the merger to proceed.

KCS CFO: Merger with CN offers ‘financial flexibility and freedom'

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that they have jointly filed with the Surface Transportation Board (“STB”) certain documents requested by the STB in its June 8, 2021, Decision in STB Finance Docket No. 36514 to enable the STB to review the voting trust in connection with the definitive Merger Agreement between CN and KCS. These documents include: Written opinions of the financial advisors refere

CN and KCS Affirm Financial Strength of KCS and Rights Under Merger Agreement to Invest in KCS Network

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. Securities and Exchange Commission. The filing did not indicate who would replace Hancock.

Kansas City Southern, Norfolk Southern announce retirements, appointments

Former Surface Transportation Board (STB) Vice Chairman William Clyburn Jr. is urging the current board to approve the proposed voting trust that Canadian railway CN (NYSE: CNI) plans to form as part of the process to acquire Kansas City Southern (NYSE: KSU). CN and Kansas City Southern (KCS) say the voting trust will protect KCS from being taken over during merger proceedings before the board.

Former rail regulator recommends approval of CN-KCS voting trust

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the Hon. William Clyburn, Jr., a former Commissioner and Vice-Chairman of the U.S. Surface Transportation Board (“STB”) has written an op-ed, which was published by Railway Age. In the op-ed, Clyburn states he believes the CN voting trust addresses “unlawful control” and the “public interest” under the new rules, and that as such, the voting trust should be a

Former STB Commissioner and Vice-Chairman, William Clyburn, Jr., Believes CN Voting Trust Should Be Approved

The Surface Transportation Board has set its timeline to review the railroad's trust application.

These Next 20 Days Could Determine If Canadian National Can Buy Kansas City Southern

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today issued the following statement in response to the Surface Transportation Board's (“STB”) decision to issue a timetable for reviewing the voting trust in connection with the companies' definitive merger agreement: We are happy with the timetable that the STB has set for reviewing our voting trust, marking another important step on the path to creating the premier railway for

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