As expected, Canadian Pacific Railway and Kansas City Southern last week re-entered into a merger agreement under which CP will acquire KCS in a stock and cash transaction representing approximately $31 billion USD. The agreement follows a Surface Transportation Board ruling earlier this month that …
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The proposed Canadian Pacific-Kansas City Southern merger is regaining momentum. Talks are back on after a Surface Transportation Board decision stalled Canadian National Railway’s attempts to take over KCS, and CP issued a new proposal to merge with the nation’s smallest Class I railroad. The …
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Canadian Pacific Railway is acquiring Kansas City Southern for $29 billion (USD) in stock and cash, creating North America’s first rail network connecting Canada, the U.S. and Mexico, the companies announced Sunday. The new company will be called Canadian Pacific Kansas City (CPKC). While remaining …
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NORFOLK, VA (PRNewswire) — Oysters, river otters, shore birds, and other wildlife have a new place to call home along an industrial stretch of the Elizabeth River that Norfolk Southern has reclaimed as a living shoreline. The innovative sustainability project, completed recently, has transformed a …
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Amtrak will acquire new mainline passenger diesel locomotives from Siemens Mobility to replace its aging National Network locomotive fleet. Seventy-five Charger locomotives are being built for Amtrak’s Long Distance train service as part of an $850 million order that includes options to purchase more to …
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Three years after opening it’s second locomotive production facility and despite slowdowns in the railroad industry, GE rolled out its 1,000th locomotive built in Fort Worth. GE Manufacturing Solutions, a wholly-owned entity of GE, marked a milestone on Thursday by celebrating the milestone locomotive built …
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