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Home2021September

Month: September 2021

Canadian National

Canadian Pacific, Kansas City Southern Enter Into Merger Agreement

September 16, 2021 Railfanning.org News Wire

Under the deal, CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD $31 billion. The deal includes the assumption of $3.8 billion of outstanding KCS debt.

Canadian National

KCS Terminates Merger Plan With CN

September 15, 2021 Railfanning.org News Wire

Kansas City Southern has terminated its plan to merge with CN.

Miscellaneous

Louisville Selling Two Miniature Passenger Trains

September 9, 2021 Railfanning.org News Wire

The Louisville-Jefferson County Metro Government is selling a pair of 2012 Severn Lamb Miniature 24-inch gauge passenger trains on GovDeals, an online auction platform for government agencies and educational institutions to sell surplus equipment.

Canadian National

Kansas City Southern Board: Proposal From Canadian Pacific Railway Could Reasonably Be Expected to Lead to ‘Superior Proposal’

September 5, 2021 Business Wire

KCS intends to provide CP with nonpublic information and to engage in discussions and negotiations with CP with respect to CP’s proposal, subject in each case to the requirements of the CN merger agreement.

Commuter Rail

Siemens Mobility Battery Hybrid Streetcars Enter Revenue Service in Charlotte

September 1, 2021 Business Wire

The latest S700 streetcars from Siemens Mobility entered revenue service for the Charlotte Area Transit system on August 21, 2021.

Canadian National

Kansas City Southern Confirms Receipt of Unsolicited Proposal From Canadian Pacific Railway

September 1, 2021 Business Wire

Kansas City Southern (NYSE: KSU) (“KCS”) today announced that it has received an unsolicited proposal from Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) reaffirming its interest in acquiring KCS.

Canadian National

STB Rules Against Voting Trust Agreement in Canadian National-Kansas City Merger

September 1, 2021 Railfanning.org News Wire

The Surface Transportation Board rejected the use of a voting trust agreement to advance the proposed Canadian National Railway and Kansas City Southern Railway merger, striking a potential blow to the agreement.

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The Latest
  • A Deadly Georgia Wreck Few Remember
    May 31, 2023
  • On Railroads, Pennsylvania Lacks Regulatory Power
    May 25, 2023
  • Is Casey Jones the Most Famous Railroad Engineer?
    May 20, 2023
  • Amtrak Presses on With More Funding and Expansion Despite Historic Losses
    May 18, 2023
  • No Picture
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