New agreement in place as Kansas City Southern, Canadian Pacific resume merger pursuit

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 …

Kansas City Southern, Canadian Pacific Railway resuming negotiations for proposed merger

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 …

Siemens Mobility awarded $34 billion to design, manufacture multi-powered trains for Amtrak

Siemens Mobility has been awarded $34 billion in contracts in the United States to design, manufacture and technically support 73 multi-powered trains for Amtrak, the company said this week. There is also a possibility for up to 140 additional trains and further maintenance agreements. The …

Kansas City Southern rejects Canadian Pacific’s merger proposal in favor of Canadian National

The battle to form North America’s first end-to-end rail network is heating up. Kansas City Southern rejected Canadian Pacific’s merger offer and accepted a more lucrative deal proposed by Canadian National. KCS’s Board of Directors announced last week that CN’s $33.6 billion offer, which came …

Atlas acquires M.T.H. Electric Trains Premier O-scale tooling, buys River Point Station N vehicles

Atlas Model Railroad Co. announced this spring that it has acquired two product lines, including M.T.H. Electric Trains’ Premier O-Scale Locomotive and Rolling Stock lines. The company also bought N-scale vehicle tooling from River Point Station Fine Scale Models. Molds and tooling sold to Atlas …

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