Insights and Stories on STB

Apr. 26, 2021 at 8:28 pm CDT

Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years […]

By Rod Nickel

Apr. 20, 2021 at 8:24 pm CDT

Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for […]

By Shreyasee Raj

Mar. 22, 2021 at 1:31 am CDT

Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American […]

By Ann Maria Shibu, Nandakumar D, Rebecca Spalding

Mar. 19, 2018 at 9:32 pm CDT

Reuters — The top U.S. rail regulator has asked major railroads for information on service levels before meeting disgruntled shippers and other customers over complaints about service delays and higher costs. In letters to the CEOs of the railroads, dated Friday and posted Monday on the U.S. Surface Transportation Board’s […]

By Nick Carey

Oct. 12, 2017 at 12:43 am CDT

Reuters — The head of No. 3 U.S. railroad CSX promised on Wednesday to improve service as companies such as Cargill demanded greater accountability and fewer delays, criticizing an overhaul CSX launched six months ago. Customers have complained of longer transit times, unreliable switching operations, inefficient car routings and poor […]

By eric-m-johnson