Rail

CG Railway launches the first of two new rail ferries

AJOT | April 27, 2021 | Intermodal | Rail

TAP Air Portugal celebrates air-rail partnership in Europe

Amtrak motion to dismiss now filed with the STB

AJOT | April 27, 2021 | Intermodal | Rail

Savage’s new Tooele Railport connects businesses with global markets and drives economic growth in rural Utah

AJOT | April 27, 2021 | Intermodal | Rail

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Kansas City Southern begins talks with Canadian National

Bloomberg | April 26, 2021 | Intermodal | Rail

Kansas City Southern said a proposal by Canadian National Railway Co. may lead to better terms than an offer by Canadian Pacific Railway Ltd., potentially escalating a bidding war in one of the industry’s biggest potential deals in decades.

Railroads, agricultural shippers announce food safety initiative

AJOT | April 26, 2021 | Intermodal | Rail

CP Rail wins regulator exemption from tougher 2001 merger rules

Bloomberg | April 23, 2021 | Intermodal | Rail

CN files letter with Surface Transportation Board

AJOT | April 23, 2021 | Intermodal | Rail

Little Rock Port Authority reports March 2021 shipping

AJOT | April 22, 2021 | Intermodal | Rail

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Woodland Group partners with iPort Rail new rail freight service to Doncaster begins

AJOT | April 22, 2021 | Intermodal | Rail

Southampton with further services to London Gateway and Immingham to follow. By May more than 140 container movements are expected per month.

IANA and UIRR Highlight Intermodal’s benefits in advance of World Climate Summit

AJOT | April 21, 2021 | Intermodal | Rail

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Century-old rail rivalry flares up over a $30 billion prize

Bloomberg | April 21, 2021 | Intermodal | Rail

Canadian National Railway Co.’s bid to wrest Kansas City Southern away from Canadian Pacific Railway Ltd. is rekindling a century-old rivalry and pitting former colleagues against each other.

OmniTRAX and River Ridge Development Authority strike partnership to transform 6,000 acre Indiana Rail Industrial Park

AJOT | April 21, 2021 | Intermodal | Rail

Rail traffic for the week ending April 17, 2021

AJOT | April 21, 2021 | Intermodal | Rail

K.C. Southern morphs from railroad also-ran to $30 billion prize

Intermodal

Bloomberg | Top Story | April 21, 2021

K.C. Southern morphs from railroad also-ran to $30 billion prize

In less than a year, Kansas City Southern has transformed from an industry wallflower to the belle of the ball, getting courted by Canada’s two biggest railroads.

CN Rail chief pounces while Kansas City Southern is in play

Intermodal

Bloomberg | Top Story | April 20, 2021

CN Rail chief pounces while Kansas City Southern is in play

Canadian National Railway Co. offered $30 billion to snatch Kansas City Southern from a rival, spurring a possible bidding war in one of the industry’s biggest potential deals in decades.

FTR’s Shippers Conditions Index fell in February to weakest reading during pandemic

AJOT | April 20, 2021 | Intermodal | Rail

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CN makes superior proposal to combine with Kansas City Southern

AJOT | April 20, 2021 | Intermodal | Rail

• Combination will create the premier railway for the 21st century connecting ports in the United States, Canada and Mexico to facilitate trade and economic prosperity across North America • Combination will result in a safer, faster, cleaner and stronger railway • CN’s proposal of $325 per KCS share represents 21% premium over implied value of CP transaction and values KCS at an enterprise value of $33.7 billion1 • Expected EBITDA synergies approaching $1 billion annually with a significant proportion expected from converting truck traffic from busy interstates and highways for better fuel efficiency at a lower cost • Anticipated to be accretive to Adjusted Diluted EPS2 in the first full year following CN assuming control of KCS