Canadian National Railway submitted an unsolicited proposal to acquire Kansas City Southern in a cash and stock transaction valued by CN at $325 per KCS share.
Canadian Pacific Railway and Kansas City Southern announced their intention to merge, a move they say will create the first Canada-to-Mexico rail network.
Trains will not run on the Eastern line between Britomart and Ōtāhuhu for two weeks as KiwiRail finishes work to replace worn rail on the passenger and freight line.
President Donald Trump issued a Presidential Border Crossing Permit for the Alaska-Alberta Railway Corporation, a crucial step for the $17 billion project.