Canadian National announced an upgrade to its Falcon Premium Intermodal Service. CN said recent operational changes by its business partner, Union Pacific, will remove a full day of transit time for customers using the Canada-US-Mexico service.
CN has published its 2022-2023 Winter Plan, which the company says sets out a wide range of initiatives to ensure the railroad has the capacity and resources to respond safely and efficiently to the needs of customers in the coming winter months.
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.