Canadian Pacific Railway (CP) has signed a $27.2bn cash-stock deal to acquire Kansas City Southern (KCS). The agreement comes after KCS abandoned a higher offer due to regulatory concerns. This…

Railroad operator Kansas City Southern (KCS) has decided to accept Canadian Pacific’s (CP) revised acquisition bid instead of the higher offer from the Canadian National Railway Company (CN). In a…

French asset manager Meridiam has taken a 40% stake in Setrag, operator of the Transgabonese railway, following a capital increase of $35.50m (€30m). The firm also pledged to provide $47.33m…

The Andersons has sold its railcar leasing business to ITE Management affiliate American Industrial Transport (AITX) in a cash transaction of approximately $550m. With this acquisition, AITX and its affiliates…

Kansas City Southern’s (KCS) board of directors have reaffirmed its recommendation to KCS shareholders to vote in support of the end-to-end merger with Canadian National Railway (CN). This comes after…

Canadian Pacific Railway (CP) is reportedly planning to make a new, increased offer to buy Kansas City Southern (KCS), which would be higher than its previous offer but less than…