Articles from Kansas City Southern

Canadian Pacific (TSX: CP) (NYSECP) (“CP”) and Kansas City Southern (“KCS”) said today the U.S. Surface Transportation Board (“STB”) issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form Canadian Pacific Kansas City (“CPKC”), the first single-line railway connecting the U.S., Mexico and Canada.

Kansas City Southern (KCS) is deeply saddened at the passing of former President and Chief Executive Officer David L. Starling.

Kansas City Southern (KCS) announced today that the 22nd KCS Holiday Express program raised over $215,000 to benefit The Salvation Army in 20 communities in eight states where the KCS Holiday Express train stopped this year. In addition, after a two-year hiatus due to the pandemic, almost 48,000 visitors were welcomed to the train in free public events.

Kansas City Southern (KCS) announced today that its Shreveport, La. operation has been International Organization for Standardization (ISO) certified for 14001 (Environmental) and 45001 (Occupational Health and Safety).

Kansas City Southern (KCS) recently announced the first return to the rails of the KCS Holiday Express train since the start of the pandemic in 2020. In addition, the KCS Holiday Express project continues the tradition of charitable giving to The Salvation Army. To date this year, the project has raised almost $150,000 for this cause. KCS is now issuing a challenge grant to raise even more.

Today, Kansas City Southern (KCS) ceremonially broke ground on both sides of the new International Railroad Bridge spanning the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas. This new bridge will be constructed alongside the existing bridge and is estimated for completion by year-end 2024.

Kansas City Southern (KCS) announced today the introduction of KCS Certified Premier Sites. These sites are larger, shovel-ready sites that are certified and pre-approved for rail service.

Kansas City Southern (KCS) announced today the first return to the rails of the KCS Holiday Express train since the start of the pandemic in 2020. This year, the festive, six-car holiday train with intricate displays inside and out will bring Santa Claus and his elves to visit children and families in 20 communities in eight states. See the full schedule here. In addition, the KCS Holiday Express project will continue its tradition of charitable giving to The Salvation Army.

Kansas City Southern (KCS), Canadian Pacific (TSX: CP) (NYSECP), GATX NYSE: GATXNYSEGATX)

Kansas City Southern (KCS) has released a 2021 sustainability data update to its sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet.” The report is available in the Sustainability Report section of www.kcsouthern.com.

Kansas City Southern (KCS) and its affiliate Kansas City Southern de México, S.A. de C.V. (KCSM) announced today that KCSM has reached an agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT) to fund a new investment in the Celaya-NBA Line Railway Bypass and other infrastructure in an amount not to exceed $4 billion pesos.

Kansas City Southern (KCS) announced today that the 21st anniversary KCS Holiday Express program in partnership with The Salvation Army has raised over $280,000 to benefit The Salvation Army in 21 communities on the U.S. rail network. Those communities include Kansas City and Slater, Mo.; East St. Louis, Ill.; Pittsburg, Kan.; Ashdown and Mena, Ark.; Poteau and Stilwell, Okla.; Houston, Laredo, Port Arthur, Victoria and Wylie, Texas; Baton Rouge, DeQuincy, Gonzalez and Shreveport, La.; and Corinth, Jackson, Meridian and Vicksburg, Miss.

Kansas City Southern (NYSEKSU) (“KCS”) today announced the completion of its sale to Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”). The transaction represents an enterprise value of approximately USD$31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held.

Kansas City Southern (KCS) (NYSEKSU) announced today that the company has been notified that our CDP climate change disclosure, submitted earlier this year, earned a score of A- for 2021. This is an improvement from KCS’ 2020 score and moves KCS to the “Leadership Level” category of participating companies. CDP disclosures are submitted by corporations around the globe to measure their actions to cut emissions and mitigate climate change risks.

Kansas City Southern (NYSEKSU) (“KCS”) announced that the Company’s stockholders have voted to approve the previously announced combination with Canadian Pacific Railway Limited (TSX: CP) NYSE: CPNYSECP)

Kansas City Southern (KCS) (NYSEKSU) announces that it achieved record daily average grain carloads in Nov., 2021, exceeding the previous record for daily average grain carloads set in Oct., 2021. KCS achieved this record by delivering all-time low cross-border grain shuttle train cycle times.

Kansas City Southern (KCS) (NYSEKSU) announced in September that it would celebrate the 21st anniversary of its KCS Holiday Express program with a fundraiser to benefit The Salvation Army in 21 communities on its U.S. rail network. To date this year, the KCS Holiday Express project has raised nearly $120,000 for this cause. The company is now issuing a challenge grant to raise even more.

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSEKSU) (“KCS”) today announced that the Surface Transportation Board (“STB”) has accepted the joint CP-KCS merger application as complete.

Kansas City Southern’s (KCS) (NYSEKSU) Board of Directors on November 5, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on January 18, 2022 to preferred stockholders of record at the close of business on December 31, 2021.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that the Company has scheduled a virtual Special Meeting of Stockholders (“Special Meeting”) to vote on the proposed combination with Canadian Pacific Railway Limited (TSX: CP) NYSE: CPNYSECP)

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSEKSU) (“KCS”) today announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.

Kansas City Southern (KCS) (NYSEKSU) announced today a collaboration with Suministros Industriales Potosinos SA de CV (SIPSA) and TransDevelopment Group (TDG) to develop the Central Bajío Vehicle Distribution Center, a state-of-the-art origin and destination terminal for the shipment of finished vehicles. Strategically-located on the KCS main line, and developed, owned and operated by SIPSA and TDG, the VDC will serve the rapidly-growing Bajío region and strong Mexico City area demand.

Kansas City Southern (KCS) (NYSEKSU) reported revenues of $744.0 million, an increase of 13% from third quarter 2020. Overall, carload volumes were down 3% compared to prior year primarily due to the following commercial impacts:

Kansas City Southern (KCS) (NYSEKSU) announced today that Sameh Fahmy, executive vice president precision scheduled railroading will leave the Company by year end. During his tenure at KCS, which began in January 2019, Mr. Fahmy led the Company through its transformational implementation of Precision Scheduled Railroading (PSR). Under his leadership, the KCS team produced strong and sustainable results including:

Kansas City Southern (KCS) (NYSEKSU) announced today that it has engaged Commtrex to enhance the visibility and connectivity of the KCS network’s over 100 transload facilities in the U.S. and Mexico using the Commtrex platform. The new relationship comes at a time of increasingly complex and volatile global supply chains, capacity constraints, labor shortages, rising transportation costs, as well as growing trade throughout North America due to the United States-Mexico-Canada Agreement.

Kansas City Southern (KCS) (NYSEKSU) will release its third quarter 2021 financial results on Tuesday, October 19, 2021, before the opening of trading on the New York Stock Exchange.

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSEKSU) (“KCS”) today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$31 billion1, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34% premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 20212.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that the Company’s Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) on September 12, 2021 continues to constitute a “Company Superior Proposal” under KCS’s pending merger agreement with Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). KCS also announced that it entered into a waiver letter agreement today with CN under which CN agreed to waive the five-business day match period under the CN merger agreement and KCS agreed to terminate the CN merger agreement today.

Kansas City Southern (KCS) (NYSEKSU) announced today that it will celebrate the 21st anniversary of its KCS Holiday Express program and partnership with The Salvation Army with a fundraiser to benefit the Salvation Army in 21 communities on its U.S. rail network. Due to the ongoing pandemic, KCS will not operate its Holiday Express train, which traditionally draws large crowds in free, public events.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that the KCS Board of Directors determined that CP’s revised proposal constitutes a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). The KCS Board of Directors made this determination after consultation with the Company’s outside legal and financial advisors.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that its Board of Directors has unanimously determined, after consultation with the Company’s outside legal and financial advisors, that the unsolicited proposal received from Canadian Pacific Railway Limited (TSX: CP) NYSE: CPNYSECP)(NYSE: CNINYSECNI.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that it has adjourned the Special Meeting of Stockholders (the “Special Meeting”) for KCS stockholders to vote on the previously announced definitive merger agreement with CN (TSX: CNR, NYSE: CNI) and other proposals until 9:00 a.m., Central Time, on September 24, 2021. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 remain entitled to vote their shares at the Special Meeting.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that it has received an unsolicited proposal from Canadian Pacific Railway Limited (TSX: CP) NYSE: CPNYSECP)

Kansas City Southern (NYSEKSU) (“KCS”) today issued the following statement in response to the Surface Transportation Board’s ("STB") decision to deny the use of a voting trust in connection with the definitive merger agreement between CN (TSX: CNR, NYSE: CNI) and KCS:

Kansas City Southern (NYSEKSU) (“KCS”) today announced that it has convened and adjourned the Special Meeting of Stockholders (the “Special Meeting”) for KCS stockholders to vote on the previously announced definitive merger agreement with CN (TSX: CNR, NYSE: CNI) and other proposals until 9:00 a.m., Central Time, on September 3, 2021. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 will be entitled to vote their shares at the Special Meeting.

Savage is partnering with Kansas City Southern (KCS) (NYSEKSU) to construct a multi-commodity railport with transload and railcar storage capabilities in Mossville, La. Savage will own and operate the railport, being built on property leased from KCS at its Mossville Rail Yard. Savage’s Mossville facility is expected to be operational by January 2022 and will optimize and provide a critical link in the supply chains of Lake Charles area refineries, chemical plants and other businesses.

JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSECNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) NYSE: KSUNYSEKSU)

Kansas City Southern (NYSEKSU) (“KCS”) today announced that its Board of Directors (the “Board”), following a careful and thorough review in consultation with outside financial and legal advisors, has unanimously determined that the unsolicited proposal received from Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP") on August 10, 2021 to acquire KCS in a cash and stock transaction does not constitute a “Company Superior Proposal” and could not reasonably be expected to lead to a “Company Superior Proposal,” as defined in KCS’ previously announced definitive merger agreement with CN (TSX: CNR, NYSE: CNI).

Kansas City Southern’s (KCS) (NYSEKSU) Board of Directors on August 10, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 5, 2021 to preferred stockholders of record at the close of business on September 13, 2021.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that it has received an unsolicited proposal from Canadian Pacific Railway Limited (TSX: CP) NYSE: CPNYSECP)

Kansas City Southern (NYSEKSU) (“KCS”) today announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. (“ISS”) recommends KCS shareholders vote “FOR” the Company’s previously announced transaction with CN (TSX: CNR, NYSE: CNI) at KCS’ Special Meeting of Stockholders (the “Special Meeting”), to be held on August 19, 2021 at 9:00 a.m. Central Time.

Kansas City Southern (NYSEKSU) (“KCS”) today issued the following statement in response to Canadian Pacific Railway Limited’s (TSX: CP) NYSE: CPNYSECP)

Kansas City Southern (KCS) (NYSEKSU) reported revenues of $749.5 million, an increase of 37% from second quarter 2020. Overall, carload volumes were up 31% compared to prior year.

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSEKSU) (“KCS”) today announced that KCS has scheduled a virtual Special Meeting of Stockholders (“Special Meeting”) to vote on the proposed combination with CN on August 19, 2021, at 9:00 a.m. Central Time. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 will be entitled to vote their shares at the Special Meeting.

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

Kansas City Southern (KCS) (NYSEKSU) has released its 2020 sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet.” The report is available in the Corporate Responsibility section of www.kcsouthern.com.

Kansas City Southern (KCS) (NYSEKSU) and Midstream Texas Operating LLC (MTO) today announced a long-term commercial agreement to provide truck-to-rail transloading services for petroleum and petrochemicals from Corpus Christi, Texas into Mexico. Operations are expected to begin in fourth quarter 2021.

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

An op-ed co-authored by JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSECNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

Kansas City Southern (KCS) (NYSEKSU) will release its second quarter 2021 financial results on Friday, July 16, 2021, before the opening of trading on the New York Stock Exchange.

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSECNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern (“KCS”) NYSE: KSUNYSEKSU)

JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSECNI), and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSECNI), and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) NYSE: KSUNYSEKSU)

CN (TSX: CNR) (NYSECNI) and Kansas City Southern NYSE: KSUNYSEKSU)

Kansas City Southern (NYSEKSU) (“KCS”) today announced that the Company’s Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”) on May 13, 2021 continues to constitute a “Company Superior Proposal” under KCS’s pending merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”).

Kansas City Southern (KCS) (NYSEKSU) held its Annual Meeting of Stockholders on May 20, 2021 virtually via live audio webcast. With 89% of KCS’ outstanding common and preferred stock represented in person or by proxy at the meeting, the stockholders:

Kansas City Southern (NYSEKSU) (“KCS”) today announced receipt of a revised acquisition proposal from Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). Under the terms of CN’s revised proposal, each share of KCS common stock would be exchanged for $200 in cash and 1.129 shares of CN common stock. The proposal is binding on CN and may be accepted by KCS at any time prior to 5:00 pm EDT on Friday, May 21, 2021. The transaction would be subject to approval by the stockholders of KCS, approval by the Surface Transportation Board of a voting trust, receipt of other regulatory approvals and other customary closing conditions.

Kansas City Southern (KCS) (NYSEKSU) announced today that it has promoted Timothy Livingston from general manager network operations to vice president transportation for the company’s operations in the U.S. and Mexico.

Kansas City Southern (NYSEKSU) (“KCS”) received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 500,000 shares, or approximately 0.55 percent, of KCS’s outstanding common stock at a price of $285.00 per share in cash. As TRC Capital's own offer document acknowledges, the offering price is approximately 2.47 percent below the closing price per share of KCS on April 30, 2021, the last trading day before the mini-tender offer was commenced.

Kansas City Southern (KCS) (NYSEKSU) announced today that the company’s emissions reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement. The targets covering greenhouse gas emissions from KCS’ operations are consistent with reductions required to keep warming to well-below 2°C above pre-industrial levels.

Kansas City Southern (NYSEKSU) (“KCS”) today announced that its Board of Directors has unanimously determined, after consultation with the Company’s outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (TSX: CNR, NYSE: CNI) (“CN”) on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”).

Canadian Pacific Railway Limited (TSX: CP) (NYSECP) ("CP") and Kansas City Southern NYSE: KSUNYSEKSU)