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 …

Eye on the Future

Canadian National ups ante to create border-to-border North American railroad with KCS

Canadian National announced this week an offer to acquire Kansas City Southern in a cash-and-stock transaction valued at $33.7 billion, or $325 per share. The offer, submitted in a letter to KCS’s board of directors, follows a $29 billion offer from Canadian Pacific Railway in …

Canadian Pacific acquiring Kansas City Southern to create seamless Canada, U.S., Mexico rail network

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 …

Amtrak asks for boost in funding to offset low ridership, revenue resulting from pandemic

Additional infrastructure investments identified While making its annual pitch for federal funding, Amtrak formalized a request this fall for up to $4.857 billion this fiscal year to bolster the national passenger railroad network, which has been hit hard by the pandemic. Another $5 billion is …