Canadian Pacific ‘ready to roll' on Kansas City Southern merger
- Canadian Pacific officials are upbeat about what 2023 might bring for the railway, with U.S. regulators poised to move soon on CP's request to merge with Kansas City Southern. “We are poised and ready to roll.
- 02/01/2023
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Kansas City Southern de Mexico invests in Celeya railway bypass
- Kansas City Southern de Mexico plans to invest as much as $4 billion pesos ($195 million) in the Celaya-NBA Line Railway Bypass and supporting infrastructure. KCSM made the investment agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT).
- 07/20/2022
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Kansas City Southern Announces Agreement to Invest in Celaya Railway Bypass and Amend KCSM's Concession Title to Extend Exclusivity
- KANSAS CITY, Mo.--(BUSINESS WIRE)--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. In exchange for the investment, the SICT has agreed to amend KCSM's Concession Title effective Ju
- 07/20/2022
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FMC commissioners want rail regulators to reject CP-KCS merger
- Three commissioners with the Federal Maritime Commission want the Surface Transportation Board to reject Canadian Pacific's plan to merge with Kansas City Southern, saying the merger could divert intermodal traffic from U.S. ports to Canadian ones, according to a letter to the board on Tuesday. “While there might be economic benefits to certain shipper organizations and locations in the United States … there will be greater negative impacts relating to employment and long-term investment affecting intermodal shipments through U.S. ports,” said commissioners Carl W.
- 06/23/2022
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Kansas City Southern Announces $500,000 Pledge and Employee Gift Match to American Red Cross to Support the Global Red Cross Network Response to the Ukraine Humanitarian Crisis
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) announced today that it has pledged a total of $500,000 to the American Red Cross to support the global Red Cross network response to the Ukraine humanitarian crisis, and will also match employees' contributions to the American Red Cross for this effort. “The entire world sees the escalating humanitarian crisis in Ukraine and we want to support the international effort to provide relief,” said KCS president and CEO Patrick J. Ottensm
- 03/11/2022
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Bill Ackman Is Following Warren Buffett Into Railway Stocks
- Bill Ackman (Trades, Portfolio) is a legendary invester who modeled his original investment style on Warren Buffett (Trades, Portfolio) before becoming an activist style investor.
- 03/11/2022
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Paul Tudor Jones Boosts 4 Holdings in 4th Quarter
- Paul Tudor Jones (Trades, Portfolio), founder and chief investment officer of Tudor Investment Group, disclosed in a regulatory 13F filing that its top trades during the fourth quarter of 2021 included boosts to his firm's holdings of IHS Markit Ltd. ( INFO , Financial), Nuance Communications Inc. ( NUAN , Financial), Apple Inc. ( AAPL , Financial) and Vonage Holdings Corp. ( VG , Financial).
- 03/08/2022
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Shippers: CP-KCS merger could reduce competition at interchanges
- Contrary to assertions by Canadian Pacific and Kansas City Southern, shipper groups' filings with the Surface Transportation Board say that the railroads' proposed merger could harm competition in a number of ways, according to filings submitted to the Surface Transportation Board. CP is seeking approval from federal regulators of its $31 billion merger with KCS.
- 03/03/2022
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CN, other Class I railroads push back on CP-KCS merger
- Four Class I railroads say federal regulators should not approve Canadian Pacific's plan to merge with Kansas City Southern without any strings attached. The railroads say the Surface Transportation Board must first place conditions on CP that would ensure shipper competition, according to filings submitted this week.
- 03/02/2022
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Chicago suburbs protest planned CP-KCS merger
- Eight Chicago suburbs are seeking to prevent the merger between Canadian Pacific and Kansas City Southern from happening, saying that the additional traffic coming from the merger would create more gridlock from blocked crossings and could cause environmental harm to their communities. Local officials representing the communities of Bartlett, Bensenville, Elgin, Itasca, Hanover Park, Roselle, Schaumburg and Wood Dale say they will collectively file their objections with the Surface Transportation Board next Monday.
- 02/23/2022
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KCS sees opportunities for ‘productivity gains when volume recoveries occur'
- Although refined products volumes to Mexico have been curtailed by a government crackdown on companies seeking to avoid paying taxes, Kansas City Southern still expects growth opportunities for shipping imported refined products into Mexico in the long term, KCS executives told investors Thursday while they were on a fourth-quarter 2021 earnings call earnings call with Canadian Pacific. KCS executives were on CP's (NYSE: CP) earnings call because of the agreement between both companies to merge.
- 01/28/2022
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CN wants Kansas City Southern's Springfield Line after CP-KCS merger
- Canadian railway CN wants Canadian Pacific to divest the Springfield Line in Missouri and Illinois as a condition for obtaining federal regulatory approval of the proposed merger of CP and Kansas City Southern — an idea CP quickly panned. CN (NYSE: CNI) said in a Wednesday filing with the Surface Transportation Board that following CP's divestment, CN would take over the line and invest in it.
- 01/13/2022
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Panelist: KCS-CP merger will still get a long look by STB
- WASHINGTON — A panel on rail consolidation at the annual meeting of the Transportation Research Board here weighed in on the proposed merger between Canadian Pacific and Kansas City Southern, with one member suggesting the deal faces significant scrutiny despite success in the initial stages. With the merger now awaiting federal approval, where the KCS-CP (NYSE: CP) combination fits on the spectrum of rail mergers was a key topic for the panel.
- 01/10/2022
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9 Of The Largest M&A Deals From 2021: WarnerMedia+Discovery, Kansas City Southern+Canadian National And More
- Last year will go down with many records set in the investment world. A record number of companies went public via IPO, a record number of public listings happened in 2021, the SPDR S&P 500 ETF Trust (NYSE: SPY) hit record highs while the S&P 500 notched 70 record closings during the year.
- 01/04/2022
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Kansas City Southern Announces 21st Anniversary Holiday Express Fundraising Results to Benefit Salvation Army in 21 Communities
- KANSAS CITY, Mo.--(BUSINESS WIRE)--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, Gon
- 12/20/2021
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CP, KCS now shipping heavy Canadian crude to Gulf Coast
- The bitumen-by-rail project to produce and transport a type of heavy Canadian crude oil to the U.S. Gulf Coast is now fully operational, according to project organizers US Development Group (USD) and Gibson Energy. USD and Gibson partnered to create a diluent recovery unit (DRU) to produce bitumen, a crude oil that has been altered in such a way that it can be categorized as a nonhazardous material for transport, per U.S. and Canadian regulatory standards.
- 12/16/2021
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Canadian Pacific's Megadeal for Kansas City Southern Is Done... Sorta
- The money is spent, but we still need to wait for regulators to weigh in.
- 12/15/2021
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PAVE: This Infrastructure ETF Has Not Worked Out As Expected
- PAVE: This Infrastructure ETF Has Not Worked Out As Expected
- 12/14/2021
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CP, KCS await federal approval of now-complete merger
- Canadian Pacific has formally completed its acquisition of Kansas City Southern, and both are now waiting for the Surface Transportation Board to approve their merger. The merger's value is worth approximately US$31 billion.
- 12/14/2021
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New Strong Sell Stocks for November 26th
- COLD, ENR, KSU, FSTR, and AMED have been added to the Zacks Rank #5 (Strong Sell) List on November 26, 2021.
- 11/26/2021
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Mexican regulators approve CP-KCS merger
- The Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute have given regulatory approval of the proposed merger between Canadian Pacific and Kansas City Southern, both companies announced Friday. CP (NYSE: CP) and KCS (NYSE: KSU) needed approval from Mexican regulators because KCS has operations in Mexico.
- 11/26/2021
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CP-KSU Deal Receives Positive Update From Regulatory Body
- The U.S. Surface Transportation Board accepts the merger application, submitted jointly by CP and KSU.
- 11/24/2021
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Surface Transportation Board OKs CP-KCS merger application, sets schedule
- The Surface Transportation Board has decided that the merger application between Canadian Pacific and Kansas City Southern can proceed as submitted, saying that the application “is complete as it contains all information required by the Board's regulations.” STB's decision includes a procedural schedule for comments, responsive applications, final briefs and other filings.
- 11/23/2021
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Why Is Kansas City Southern (KSU) Up 1.1% Since Last Earnings Report?
- Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock?
- 11/18/2021
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Surface Transportation Board wants input on hot topics
- Board seeks to create an environmental impact statement on proposed CP-KCS merger An office within the Surface Transportation Board plans to prepare an environmental impact statement (EIS) on Canadian Pacific's (NYSE: CP) proposed acquisition of Kansas City Southern (NYSE: KSU). STB's Office of Environmental Analysis on Friday issued a notice of intent to produce the EIS because “the proposed acquisition has the potential to result in environmental impacts,” STB said.
- 11/12/2021
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7 Superstocks That Have Returned Over 10,000% In 30 Years
- What makes a 100-bagger stock? Here are the secrets that powered these seven superstocks to life-changing fortunes for their owners.
- 11/08/2021
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Kansas City Southern suspends earnings guidance amid uncertainties
- Kansas City Southern is refraining from adjusting its earnings guidance for the year amid uncertainties over the global chip shortage and teacher protests and supply chain disruptions for refined fuel products in Mexico. “We're the first to admit that the visibility on the commercial side is limited,” KCS (NYSE: KSU) President and CEO Pat Ottensmeyer told investors during the company's third-quarter 2021 earnings call Tuesday morning.
- 10/19/2021
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Kansas City Southern (KSU) Misses on Q3 Earnings, Stalls View
- Softness in overall volumes dents Kansas City Southern' s (KSU) Q3 results.
- 10/19/2021
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Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q3 2021 Results - Earnings Call Transcript
- Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q3 2021 Results - Earnings Call Transcript
- 10/19/2021
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Kansas City Southern Q3 Result Misses Estimates, Carload Volumes Decline 3%
- Kansas City Southern (NYSE: KSU) reported third-quarter sales growth of 12.8% year-over-year to $744 million, missing the consensus of $750.66 million. Revenue growth reflects mix, higher fuel surcharge, and the strengthening of the Mexican peso against the U.S. dollar.
- 10/19/2021
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Kansas City Southern's stock slumps after profit misses expectations as volumes declined
- Shares of Kansas City Southern KSU, +0.62% slumped 1.1% in premarket trading Tuesday, after the railroad operator reported third-quarter profit that fell short of expectations, as auto plant shutdowns resulting semiconductor shortages, service interruptions from right-of-way blockages and increased regulation of shipments into Mexico led to a 3% decline in carload volumes. Net income fell to $156.1 million, or $1.71 a share, from $189.7 million, or $1.01 a share, in the year-ago period.
- 10/19/2021
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Kansas City Southern's Earnings Outlook
- KSU is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.
- 10/18/2021
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Kansas City Southern Announces EVP Precision Scheduled Railroading Sameh Fahmy Will Leave the Company
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) 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: Measurable improvement to operating performan
- 10/13/2021
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Kansas City Southern (KSU) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Kansas City Southern (KSU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/12/2021
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What's in Store for Kansas City Southern (KSU) in Q3 Earnings?
- Adjusted operating ratio is likely to have improved at Kansas City Southern (KSU) in Q3.
- 10/12/2021
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Kansas City Southern to utilize Commtrex's transloading platform
- Kansas City Southern will be using freight data supplier Commtrex's platform to increase visibility and connectivity within KCS' transload facility in the U.S. and Mexico. The more than 100 transload facilities in 19 U.S. and Mexican states handle food and agricultural commodities, as well as bulk materials, chemicals, paper and forest products, and steel and other metals.
- 10/11/2021
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Kansas City Southern Engages Commtrex To Boost Supply Chain Efficiencies
- Kansas City Southern (NYSE: KSU) has engaged Commtrex to enhance the visibility and connectivity of its over 100 transload facilities in the U.S. and Mexico using the Commtrex platform. The Commtrex platform allows shippers to search for transload centers by location, commodities handled, services provided, and other parameters to develop their freight rail options.
- 10/11/2021
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Kansas City Southern Engages Commtrex to Boost Supply Chain Efficiencies with Platform Connecting Shippers to U.S.-Mexico Transload Network
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) 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 St
- 10/11/2021
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Surface Transportation Board OKs amended CP-KCS voting trust
- The Surface Transportation Board has affirmed its previous approval of a voting trust that Canadian Pacific would use as part of the process to acquire Kansas City Southern. The board had first approved CP's (NYSE: CP) proposed voting trust in May.
- 10/01/2021
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What is KSU's Next Move Following All-Time Highs?
- Kansas City Southern (NYSE:KSU) is a transportation holding company that has railroad investments in the U.S., Mexico, and Panama.
- 09/30/2021
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Operating Ratio Improvement Aids Railroads: An Analysis
- The likes of Union Pacific (UNP) and Norfolk Southern (NSC) expect their respective operating ratios to improve for the full year.
- 09/28/2021
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KCS Announces Third Quarter 2021 Earnings Release and Conference Call Time
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) will release its third quarter 2021 financial results on Tuesday, October 19, 2021, before the opening of trading on the New York Stock Exchange. KCS will also hold its third quarter 2021 earnings conference call on Tuesday, October 19, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanyi
- 09/28/2021
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Kansas City Southern Ranked Among Today's Top Buys As Jobless Claims Continue To Hover Around Pandemic-Era Lows
- To close this week, the Dow Jones lost about 40 points, the S&P 500 dipped 0.2%, and the Nasdaq lost 0.2%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.
- 09/17/2021
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Kansas City Southern and Canadian Pacific CEOs on mega railroad merger
- CNBC's "Squawk on the Street" team discusses a big merger between rail companies with Kansas City Southern CEO Patrick Ottensmeyer and Canadian Pacific CEO Keith Creel.
- 09/16/2021
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CP to Acquire KSU as CNI Backs out From the Buyout Fray
- The CP- KSU $31-billion deal is expected to close in the first quarter of 2022.
- 09/16/2021
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The Real Winner of the Kansas City Southern Deal
- On Wednesday, in the latest twist to the great North American railroad merger saga, Kansas City Southern ( KSU , Financial) announced that it has terminated its deal to be acquired by Canadian National Railway Co. ( CNI , Financial). Instead, it plans to merge with Canadian National's rival, Canadian Pacific Railway Ltd.
- 09/15/2021
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KCS agrees to merge with CP, nixes plans with CN
- The love triangle appears to have ended: Kansas City Southern has terminated plans to merge with Canadian railway CN and has agreed to merge with rival suitor Canadian Pacific. CP and KCS confirmed Wednesday that they have entered into a merger agreement, in which CP will acquire KCS in a stock and cash transaction worth $31 billion.
- 09/15/2021
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Canadian National scraps $29.6 billion offer for Kansas City Southern
- Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer for Kansas City Southern, citing regulatory hurdles and paving the way for the U.S. railroad to be bought by rival Canadian Pacific Railway Ltd.
- 09/15/2021
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Canadian National not to proceed with deal for Kansas City Southern
- Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer to buy Kansas City Southern, paving the way for the U.S. railroad operator to be bought by rival Canadian Pacific Railway Ltd.
- 09/15/2021
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Kansas City Southern Reverses Course, Favors Canadian Pacific Again
- The battle to create a North American railroad might be nearing its endgame.
- 09/14/2021
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Quick Take On The Kansas City Southern Saga
- Quick Take On The Kansas City Southern Saga
- 09/14/2021
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Here's Why You Should Retain Kansas City Southern (KSU) Now
- Strong shareholder-friendly measures and improving operating ratio aid Kansas City Southern (KSU). However, substantial weakness in certain segments is a concern.
- 09/13/2021
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KC Southern determines Canadian Pacific bid to be superior
- The "Squawk on the Street" team discusses the battle to acquire Kansas City Southern.
- 09/13/2021
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21st Anniversary KCS Holiday Express to Benefit The Salvation Army in 21 Communities
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) 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. “KCS is pleased to celebrate 21 years of Holiday Express b
- 09/13/2021
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KCS declares Canadian Pacific's merger offer as ‘superior'
- Kansas City Southern's board of directors confirmed that it has declared Canadian Pacific's bid to acquire KCS as “superior,” thus diminishing the prospects of an acquisition by rival CN. “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,” KCS said Sunday.
- 09/12/2021
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Kansas City Southern picks Canadian Pacific's $31 billion bid for railroad
- Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad.
- 09/12/2021
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Kansas City Southern determines Canadian Pacific bid superior to other offer
- (Reuters) -Kansas City Southern said on Sunday it has received a revised proposal from Canadian Pacific, which the board determined was superior to the offer from Canadian National Railway.
- 09/12/2021
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Kansas City Southern Ranked Among Today's Trending Stocks Amid Market Movers Like Covid, Tapering Talk, And More
- Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Kansas City Southern among others.
- 09/08/2021
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Kansas City Southern in talks on Canadian Pacific's $31B bid
- Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National's $33.6 billion bid last week.
- 09/07/2021
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KSU to Reconsider CP's $31 Billion Offer, To Open a Dialogue
- Kansas City Southern's (KSU) willingness to interact over its takeover by Canadian Pacific (CP) pleases the latter.
- 09/06/2021
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Kansas City Southern Board of Directors Determines Proposal From Canadian Pacific Railway Could Reasonably Be Expected to Lead to a “Superior Proposal”
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“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: CP) ("CP") on August 31, 2021, to acquire KCS in a cash and stock transaction valued by CP at $300 per KCS share could reasonably be expected to lead to a “Company Superior Proposal
- 09/04/2021
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KCS punts merger vote until late September
- Kansas City Southern shareholders are holding off on voting on merger proposals from CN and, apparently, Canadian Pacific until late September. The announcement of the postponement referenced votes “on the previously announced definitive merger agreement with CN … and other proposals ….
- 09/03/2021
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KCS shareholders in hot seat as CP sets deadline on merger offer
- It's up to Kansas City Southern's shareholders now to determine whether the railway will continue its plan to merge with CN or revert to Canadian Pacific. CP President and CEO Keith Creel is standing firm on a Sept.
- 09/01/2021
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I Remain Positive On Kansas City Southern After STB Ruling
- The Surface Transportation Board has rejected Canadian National's proposed voting trust, effectively sinking their acquisition of Kansas City Southern.
- 09/01/2021
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Canadian Pacific Aims to Win Kansas City Southern in Railroad Merger Battle
- After U.S. regulators rejected a rival offer from Canadian National for KCS, Canadian Pacific set a Sept. 12 deadline for its offer.
- 09/01/2021
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The unfolding of the Kansas City Southern takeover saga
- The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway Co to proceed with its $29 billion proposed acquisition of U.S. peer Kansas City Southern.
- 09/01/2021
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Kansas City Southern and Canadian National deal gets derailed by U.S. regulator and activist
- CNBC's David Faber reports on the railway deal between Canadian National Railway and Kansas City Southern, and why U.S. regulators ruled against the deal.
- 09/01/2021
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Markets cheer as Kansas City puts off shareholder meet after deal setback
- Kansas City Southern on Wednesday pushed back a vote on its proposed $29 billion sale to Canadian National Railway as financial investors bet a decision by the U.S. regulator had derailed the deal.
- 09/01/2021
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Everything You Need To Know About Kansas City - Canadian National Deal, Analyst Reactions
- Kansas City Southern (NYSE:KSU) has confirmed receiving an unsolicited proposal from Canadian Pacific Railway Limited (NYSE:CP), reaffirming its interest in acquiring KSU. Canadian Pacific reiterated identical terms to the earlier proposal, whereby holders of KSU common stock would receive 2.884 CP common shares and $90 in cash for each share of KSU held.
- 09/01/2021
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CNI Faces Regulatory Setback on Proposed Acquisition of KSU
- Canadian National's (CNI) shares rise despite the regulatory ruling against its plan to set up a voting trust.
- 09/01/2021
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Breaking: Regulators reject CN's proposed voting trust to acquire KCS
- The Surface Transportation Board voted unanimously Tuesday to reject the proposed voting trust that CN would use to acquire Kansas City Southern, making the $33.6 billion merger's prospects unclear. The STB said the trust “is not consistent with the public interest standard under the Board's merger regulations.
- 08/31/2021
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Ida's impact: Supply chain updates, Tuesday, Aug. 31
- Here are Tuesday's news and notes from FreightWaves reporters and market experts in the aftermath of Hurricane Ida. This file will be updated throughout the day, so please check back.
- 08/31/2021
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$29 billion Canadian bid for US railroad screeches to a halt
- The US Surface Transportation Board (STB) on Tuesday rejected a voting trust proposed by Canadian National Railway for its $29 billion deal to buy US railroad operator Kansas City Southern. The rail regulator's ruling is a blow to Canadian National, which is locked in a takeover battle for Kansas City with smaller rival Canadian Pacific.
- 08/31/2021
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U.S. regulator rejects Canadian National's voting trust to buy Kansas City Southern
- The U.S. Surface Transportation Board (STB) on Tuesday rejected a voting trust proposed by Canadian National Railway Co for its $29 billion deal to buy U.S. railroad operator Kansas City Southern.
- 08/31/2021
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Jeremy Grantham's Top 5 Trades of the 2nd Quarter
- Jeremy Grantham (Trades, Portfolio), board chairman of Boston-based Grantham Mayo Van Otterloo, disclosed last week that his firm's top five trades during the second quarter included new positions in Constellation Brands Inc. ( STZ , Financial) and Nuance Communications Inc. ( NUAN , Financial), a position boost in Kansas City Southern ( KSU , Financial), a reduction in Charles Schwab Corp. ( SCHW , Financial) and the closure of its holding in Inphi Corp. (IPHI).
- 08/27/2021
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KSU Postpones Shareholder Vote on Acquisition by CNI to Sep 3
- The decision to defer the meeting allows Kansas City Southern's (KSU) shareholders to review the impending regulatory decision minutely.
- 08/20/2021
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Kansas City Southern to hold CN-KCS merger vote in September
- Kansas City Southern shareholders will wait until Sept. 3 to decide whether they will approve the merger agreement with Canadian railway CN.
- 08/19/2021
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Savage Partners with KCS to Construct and Operate Louisiana Railport to Provide Needed Transload and Railcar Storage Solutions for Area Industries
- SALT LAKE CITY & KANSAS CITY, Mo.--(BUSINESS WIRE)--Savage is partnering with Kansas City Southern (KCS) (NYSE: KSU) 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 refi
- 08/18/2021
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3 Railroad Stocks to Overcome Industry's Near-Term Challenges
- Rising fuel expenses are a threat to the Zacks Transportation - Rail industry's prospects. However, continued improvement in volumes is expected to buoy UNP, CSX and NSC.
- 08/16/2021
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KSU Not Tempted by CP's Revised Proposal, Sticks to CNI Offer
- Kansas City Southern (KSU) and Canadian National expect a favorable regulatory decision regarding the voting trust.
- 08/13/2021
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Kansas City Southern may delay Canadian National deal vote
- Kansas City Southern said on Thursday it has turned down a $27 billion bid from Canadian Pacific Railway and will delay a shareholder vote on a $29 billion deal to sell itself to Canadian National Railway Co if the rail regulator does not rule on the deal in the next five days.
- 08/12/2021
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Kansas City Southern rejects new bid from Canadian Pacific
- Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.
- 08/12/2021
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Kansas City Southern Board of Directors Unanimously Determines Proposal from Canadian Pacific Railway Does Not Constitute a Superior Proposal to Its Agreement with CN
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“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 reas
- 08/12/2021
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Here's Why Kansas City Southern (KSU) Stock Gained on Tuesday
- Canadian Pacific's decision to submit a revised bid for purchasing Kansas City Southern (KSU) re-ignites a bidding war with Canadian National.
- 08/11/2021
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A Rival Might Knock This Railroad Merger Off Track
- Canadian Pacific has submitted a new offer to buy Kansas City Southern.
- 08/11/2021
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Canadian Pacific formally bids to buy Kansas City Southern: should you invest now?
- Canadian Pacific Railway Ltd (NYSE:CP) shares edged more than 1% lower on Tuesday despite formally placing a bid to buy Kansas City Southern (NYSE:KSU) in an all-stock acquisition deal worth $31 billion, or $300 per share. If the deal is approved, Canadian Pacific could become the largest railway stock by market cap, with a combined […] The post Canadian Pacific formally bids to buy Kansas City Southern: should you invest now?
- 08/10/2021
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Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern's (KCS) (NYSE:KSU) 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. The Board of Directors also declared a regular dividend of $0.54 per share on the outstanding KCS common stock. This dividend is payable on October 6, 202
- 08/10/2021
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Canadian Pacific Makes New $27B Bid for KC Southern
- Canadian Pacific Railway made a new, higher bid for Kansas City Southern, looking to derail the railroad's pending merger with rival Canadian National Railway Co. Bloomberg's Dave Wilson has the latest on "Bloomberg Markets: The Close." (Source: Bloomberg)
- 08/10/2021
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Canadian Pacific plans new bid for Kansas City Southern: Sources
- CNBC's 'Squawk Box' team discusses the bidding war for Kansas City Southern.
- 08/10/2021
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Kansas City Southern Stock Pops on Resumed Buyout Battle
- Railroad operator Kansas City Southern (NYSE:KSU) is back in the spotlight today, after Canadian Pacific Railway (CP) raised its buyout offer nearly four months after stating it would not do so.
- 08/10/2021
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Canadian Pacific raises offer for US railroad operator Kansas City Southern
- The bidding war for Kansas City Southern is heating up after Canadian Pacific Railway Ltd. raised its offer for the U.S. railroad operator.
- 08/10/2021
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Canadian Pacific submits revised offer to acquire Kansas City Southern
- This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN.
- 08/10/2021
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Kansas City Southern stock jumps after Canadian Pacific submits 'superior' buyout bid
- Shares of Kansas City Southern KSU, -0.80% rallied 6.8% in premarket trading Tuesday, after Canadian Pacific Railway Ltd. CP, -1.06% CP, -0.87% confirmed that it has made what it believes is a "superior" buyout bid for the Missouri-based railroad operator.
- 08/10/2021
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Canadian Pacific sweetens offer for Kansas City Southern to $27.3 billion
- (Reuters) -Canadian Pacific Railway Ltd on Tuesday raised its offer for U.S. railroad operator Kansas City Southern by about $2 billion to $27.29 billion, deepening a bidding war with larger rival Canadian National Railway Co.
- 08/10/2021
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Canadian Pacific plans new, higher bid for Kansas City Southern
- Canadian Pacific Railway Ltd. is planning to make a new, increased offer for Kansas City Southern, according to people familiar with the matter, reigniting a takeover battle with Canadian National Railway Co. for the coveted U.S. railroad.
- 08/09/2021
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Dividend Growth Stock Watchlist - August 2021
- There are 25 stocks on my dividend growth watchlist for August 2021. Eight of the stocks on my watchlist are currently undervalued.
- 08/04/2021
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KCS shoots back at Canadian Pacific attempts to derail CN merger
- Kansas City Southern is firing back at Canadian Pacific's recent efforts to thwart a merger between KCS and CP's rival, CN. KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS.
- 08/02/2021
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Canadian Pacific asks Kansas City shareholders to reject Canadian National deal
- Canadian Pacific Railway Ltd on Thursday asked Kansas City Southern shareholders to vote against a deal with Canadian National Railway Co at a meeting next month.
- 07/29/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kansas City Southern - KSU
- NEW YORK, July 28, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Kansas City Southern ("Kansas City Southern" or the "Company") (NYSE: KSU). Such investors are advised to contact Robert S.
- 07/28/2021
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ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kansas City Southern and Encourages Investors with Losses to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - July 20, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kansas City Southern ("KCS" or "the Company") (NYSE: KSU) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Wall Street Journal published an article on July 8, 2021,...
- 07/20/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kansas City Southern - KSU
- NEW YORK, July 18, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Kansas City Southern ("Kansas City Southern" or the "Company") (NYSE: KSU). Such investors are advised to contact Robert S.
- 07/18/2021
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Kansas City Southern expects strong market for rail in second half of 2021
- Kansas City Southern still anticipates double-digit revenue growth for 2021 amid favorable macroeconomic indicators, executives said during its second-quarter 2021 earnings call on Friday. But KCS (NYSE: KSU) adjusted its 2021 target operating ratio to about 60% from earlier guidance of 57.5% amid uncertainty surrounding automotive production and disruptions of getting refined products into Mexico, among other issues.
- 07/16/2021
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Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q2 2021 Results - Earnings Call Transcript
- Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q2 2021 Results - Earnings Call Transcript
- 07/16/2021
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Kansas City Southern's (KSU) Q2 Earnings Lag, Rise 79.1% Y/Y
- Kansas City Southern's (KSU) Q2 results reflect higher volumes.
- 07/16/2021
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Kansas City Southern (KSU) Misses Q2 Earnings Estimates
- Kansas City Southern (KSU) delivered earnings and revenue surprises of -4.63% and 2.24%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/16/2021
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Merger money cuts into Kansas City Southern's Q2 profit
- The $700 million fee that Kansas City Southern paid to terminate its merger agreement with Canadian Pacific slashed KCS' income for the second quarter. KCS (NYSE: KSU) folded the fee into its operating expenses, which became $1.18 billion for the second quarter.
- 07/16/2021
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INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Kansas City Southern and Encourages Investors with Losses to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - July 16, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kansas City Southern ("KCS" or "the Company") (NYSE: KSU) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Wall Street Journal published an article on July 8, 2021,...
- 07/16/2021
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What's Next For Kansas City Southern Stock After The Recent 6% Fall?
- The stock price of Kansas City Southern reached an all-time high of $313 in May this year before a larger sell-off in the railroad companies, especially on July 8, 2021, drove the stock price down nearly 15% to its current level of around $267. KSU stock has declined 6.3% since last Wednesday.
- 07/16/2021
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Kansas City Southern Miss On Q2 Earnings, See Strong Carload Volume Growth
- Kansas City Southern (NYSE: KSU) reported a second-quarter revenue increase of 37% year-over-year to $749.5 million, missing the consensus of $750.77 million. The increase in revenue reflects higher volumes, higher fuel surcharge, and the strengthening of the Mexican peso against the U.S. dollar for the company.
- 07/16/2021
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Recap: Kansas City Southern Q2 Earnings
- Shares of Kansas City Southern (NYSE:KSU) rose 0.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 79.13% over the past year to $2.06, which missed the estimate of $2.19.
- 07/16/2021
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Kansas City Southern quarterly revenue rises 37%
- U.S. railroad operator Kansas City Southern reported a 37% jump in quarterly revenue, helped by higher freight volumes and fuel surcharges.
- 07/16/2021
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kansas City Southern and Encourages Investors with Losses to Contact the Firm
- LOS ANGELES--(BUSINESS WIRE)---- $KSU #KSU--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kansas City Southern
- 07/14/2021
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Earnings Previews: Alcoa, Ericsson, Kansas City Southern
- Our Tuesday look at stocks reporting June quarter earnings included a big bank, the world's largest semiconductor maker, a health care giant, and a top regional bank: Morgan Stanley, TSMC, UnitedHealth, US Bancorp.
- 07/14/2021
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EQUITY ALERT: Rosen Law Firm Encourages Kansas City Southern Investors with Losses in Excess of $100K to Inquire About Class Action Investigation – KSU
- NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Kansas City Southern (NYSE: KSU) resulting from allegations that KCS may have issued materially misleading business information to the investing public. SO WHAT: If you purchased KCS securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen
- 07/14/2021
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5 Earnings Charts to Kick off Earnings Season
- Investors should be watching more than just the big banks this week.
- 07/14/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kansas City Southern - KSU
- NEW YORK, July 12, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Kansas City Southern ("Kansas City Southern" or the "Company") (NYSE: KSU). Such investors are advised to contact Robert S.
- 07/12/2021
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Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week
- Second-quarter earnings season begins this week with results from JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley, Delta Air Lines, TSMC, PepsiCo, UnitedHealth, and many more.
- 07/11/2021
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Kansas City Southern (KSU) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Kansas City Southern (KSU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/09/2021
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U.S. Railroads Lose Value in Thursday's Trading: Here's Why
- Shares of Kansas City Southern (KSU), which is likely to be purchased by Canadian National (CNI) in 2022, decline the most in the railroad space on Jul 8.
- 07/09/2021
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What's in Store for Kansas City Southern (KSU) in Q2 Earnings?
- Low carload volumes are likely to have hurt Kansas City Southern's (KSU) second-quarter 2021 performance. Nevertheless, improving operating ratio is a tailwind.
- 07/09/2021
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This Stock Market Recovery Play Just Got Derailed
- This sector was a big part of Thursday's stock market decline.
- 07/09/2021
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Markets Shake Out Gains Following Murky Inflation Outlook
- Both the S&P and Nasdaq posted their worst trading days since June 8th.
- 07/08/2021
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Why Kansas City Southern Stock Dropped Today
- The White House is reportedly about to chime in on railroad consolidation.
- 07/08/2021
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KCS Releases “For the Long Haul” 2020 Sustainability Report
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) 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. “With the unprecedented challenges of 2020, KCS remains steadfast in our commitment to responsible business practices and maintaining strong relationships with our stakeholders,” said KCS president and CEO Patr
- 07/01/2021
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Shippers want STB to clarify what it wants from merger applicants
- What defines whether a merger is in the “public interest” and whether it is beneficial or harmful are questions that the Surface Transportation Board may need to unpack as it reviews mergers between Class I railroads, including the proposed acquisition of Kansas City Southern (NYSE: KSU) by CN (NYSE: CNI). The regulatory agency has been receiving public comments on the voting trust that CN hopes to establish as part of the process to acquire KCS.
- 06/29/2021
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Midstream Texas Operating to Build Transload Facility on Kansas City Southern Line in Corpus Christi, Texas for Export of Refined Products into Mexico
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) 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. “KCS is looking forward to working with MTO to expand infrastructure to supply petroleum products to Mexico out of Corpus Christi. This new transload is strate
- 06/29/2021
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What 7 Analyst Ratings Have To Say About Kansas City Southern
- Within the last quarter, Kansas City Southern (NYSE:KSU) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 0 0 Somewhat Bullish 0 0 0 1 Indifferent 1 0 0 2 Somewhat Bearish 0 0 1 0 Bearish 0 0 0 0 In the last 3 months, 7 analysts have offered 12-month price targets for Kansas City Southern. The company has an average price target of $289.43 with a high of $310.00 and a low of $275.00.
- 06/29/2021
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US Class I rail headcount sees modest gains in May
- Employment levels for the U.S operations of the Class I railroads in May were at their highest point in 2021 year to date, although overall headcount is still down year-over-year, according to data submitted to the Surface Transportation Board (STB). The increase in U.S. Class I headcount comes as a number of Class I railroads tell federal regulators that they are actively recruiting and hiring for new train conductors (see below).
- 06/28/2021
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Buy Kansas City Southern, Get Canadian National Railway 30% Off
- Merger arbitrage offers a way to obtain CNI shares at an attractive cost basis. Timeline, odds of success, and downside risk discussed.
- 06/25/2021
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CN-KCS Voting Trust Strongly Supported by International Brotherhood of Boilermakers
- MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the International Brotherhood of Boilermakers (“IBB”) filed a letter of support for CN's and KCS' proposed voting trust with the Surface Transportation Board (“STB”). This letter from IBB, one of the oldest unions in the United States representing more than 50,000 skilled craftsmen and craftswomen and industrial workers throughout the United States and Canada
- 06/23/2021
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Former STB Chief Economist, Dr. William Huneke, Believes CN/KCS Combination Will Enhance Competition and That Voting Trust Should Be Approved
- MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that Dr. William Huneke, the former Director of the Office of Economics and Chief Economist at the Surface Transportation Board (“STB”) has written an op-ed, which was published by Railway Age. In the op-ed, Huneke emphasizes the pro-competitive benefits of a CN/KCS combination, resulting from the companies' commitment to keep gateways open on commercially reasona
- 06/22/2021
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KCS Announces Second Quarter 2021 Earnings Release and Conference Call Time
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) will release its second quarter 2021 financial results on Friday, July 16, 2021, before the opening of trading on the New York Stock Exchange. KCS will also hold its second quarter 2021 earnings conference call on Friday, July 16, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanying pre
- 06/18/2021
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AAR's Bullish Traffic Data Supports U.S. Railroads' Recovery
- Tailwinds like buoyant freight revenues and cost curtailment bode well for the railroads like Union Pacific (UNP), CSX and Norfolk Southern (NSC).
- 06/17/2021
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CN asserts it has broad support for CN-KCS voting trust proposal
- Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is accepting public comments on CN's voting trust application through the end of the month.
- 06/17/2021
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KCS CFO: Merger with CN offers ‘financial flexibility and freedom'
- Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to approve CN's voting trust proposal, which both parties say is needed in order for the merger to proceed.
- 06/15/2021
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Kansas City Southern, Norfolk Southern announce retirements, appointments
- Kansas City Southern's chief innovation officer to retire Brian Hancock, Kansas City Southern's (NYSE: KSU) chief innovation officer, will retire from Kansas City Southern (KCS) effective July 2, according to a company filing to the U.S. Securities and Exchange Commission. The filing did not indicate who would replace Hancock.
- 06/14/2021
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Former rail regulator recommends approval of CN-KCS voting trust
- Former Surface Transportation Board (STB) Vice Chairman William Clyburn Jr. is urging the current board to approve the proposed voting trust that Canadian railway CN (NYSE: CNI) plans to form as part of the process to acquire Kansas City Southern (NYSE: KSU). CN and Kansas City Southern (KCS) say the voting trust will protect KCS from being taken over during merger proceedings before the board.
- 06/10/2021
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Surface Transportation Board Sets Schedule for Review of Voting Trust Related to CN's Pro-Competitive Combination With KCS
- MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today issued the following statement in response to the Surface Transportation Board's (“STB”) decision to issue a timetable for reviewing the voting trust in connection with the companies' definitive merger agreement: We are happy with the timetable that the STB has set for reviewing our voting trust, marking another important step on the path to creating the premier railway for
- 06/08/2021
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Railroads Ride on Multiple Tailwinds: 3 Stocks in Focus
- Bullish freight scenario may turn the tide in favor of the railroad stocks like Union Pacific (UNP), Norfolk Southern (NSC) and Canadian Pacific (CP).
- 06/03/2021
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Canadian National Pledges Divestiture to Win Kansas City Southern Merger Approval
- The company is hoping to win approval for a voting trust that would alleviate some of the antitrust uncertainty.
- 05/26/2021
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Canadian National to divest Kansas City Southern's 70-mile rail overlap
- Canadian National Railway said on Wednesday it would divest Kansas City Southern's 70-mile rail line between New Orleans and Baton Rouge to eliminate the only overlap between the two railroad operators.
- 05/26/2021
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Kansas City Southern (KSU) to be Acquired by Canadian National
- Kansas City Southern (KSU) cancels the deal with Canadian Pacific (CP) and pays the termination fee to the latter.
- 05/24/2021
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Kansas City Southern Dumps Canadian Pacific for Canadian National
- The target has agreed to a $33 billion deal to be acquired by CN.
- 05/21/2021
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Kansas City Southern chooses CN bid, terminates CP merger agreement
- Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was “superior.
- 05/21/2021
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Kansas City Southern will accept merger proposal from Canadian National Railway
- Kansas City Southern (NYSE: KSU) announced today that the company's board has determined the Canadian National Railway Company's (NYSE: CNI) acquisition proposal to be superior to the offer received from Canadian Pacific Railway Limited (NYSE: CP). The company has terminated its merger agreement with Canadian Pacific, which the company entered into back in March, and […] The post Kansas City Southern will accept merger proposal from Canadian National Railway appeared first on Invezz.
- 05/21/2021
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Kansas City Southern picks Canadian National deal over Canadian Pacific one
- Kansas City Southern picks Canadian National deal over Canadian Pacific one
- 05/21/2021
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Merger Termination Puts Kansas City Southern in the Spotlight
- The shares of Kansas City Southern (NYSE:KSU) are modestly higher this morning, last seen up 0.8% at $296, after the railway company sent a letter to the Surface Transportation Board (STB), stating its Board of Directors decided to officially terminate its merger agreement with Canadian Pacific Railway (CP), after the company refused to hike its original bid.
- 05/21/2021
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What Will the Stock Market Do Today? 3 Big Stories to Watch.
- So what will the stock market do today? All eyes are on privacy cryptos like Monero and Zcash following the Treasury crypto news.
- 05/21/2021
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Canadian Pacific says open to re-engaging with Kansas City, does not raise bid
- Canadian Pacific Railway said on Friday it was willing to re-engage with Kansas City Southern, without raising its offer for the U.S. railroad operator, hoping that rival Canadian National Railway's bid would be shot down by a U.S. transport regulator.
- 05/21/2021
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What's Happening With Kansas City Southern Stock?
- The stock price of Kansas City Southern has seen a 4% drop in just five trading sessions. This fall is primarily led by the U.S. Surface Transportation Board turning down Canadian National's application to form a voting trust that would allow the company a takeover and own Kansas City Southern.
- 05/21/2021
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Kansas City Southern expected to terminate Canadian Pacific deal
- Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co. according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry.
- 05/20/2021
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KCS Holds Annual Meeting of Stockholders, Elects Ten Directors and Announces Preferred and Common Dividends
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) 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: elected Lydia I. Beebe, Lu M. Córdova, Robert J. Druten, Antonio O. Garza, Jr., David Garza-Santos, Janet H. Kennedy, Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, and Patrick J. Ottensmeyer to serve on
- 05/20/2021
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Unions, industry observers weigh in on KCS merger bids
- Rail stakeholders and observers are weighing in on how competing attempts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to merge with Kansas City Southern (NYSE: KSU) might affect the freight rail industry. Both CN and CP are seeking to acquire Kansas City Southern (KCS).
- 05/20/2021
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CP signals no counterbid, asks KCS board to reject CN
- Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer.
- 05/20/2021
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Canadian Pacific Will Not Sweeten Kansas City Southern Offer, Calls Rival Bid "Illusory"
- The railroad does not believe rival Canadian National can win U.S. regulatory approval.
- 05/20/2021
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Canadian Pacific to KCS board: There's no basis to terminate our deal
- CNBC's Jim Cramer and David Faber discuss the latest over the battle for Kansas City Southern between Canadian Pacific and Canadian National Rail.
- 05/20/2021
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Here's Why Kansas City Southern (KSU) Stock Dips on Monday
- Canadian National (CNI) calls the rejection of its plan to acquire Kansas City Southern (KSU) by the U.S. regulators a minor debacle.
- 05/18/2021
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Regulators to review CN Rail bid for Kansas City Southern under stricter rules
- CNBC's "Squawk on the Street" team discusses how regulators will review Canadian National's bid for Kanas City Southern under stricter rules.
- 05/18/2021
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Why the Stock Market Is Focused on the Newest Megamerger
- The pace of strategic combinations is picking up momentum.
- 05/17/2021
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DOJ asks regulators not to approve CN-KCS voting trust
- Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire Kansas City Southern (NYSE: KSU).
- 05/17/2021
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Wall St sees chance of higher bid for Kansas City Southern from Canadian Pacific
- Wall Street is expecting Canadian Pacific to raise its offer for Kansas City Southern even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National.
- 05/14/2021
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Canadian National Takes the Lead in the Battle for Kansas City Southern
- Kansas City Southern's board has officially deemed its offer as superior to Canadian Pacific's.
- 05/14/2021
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Kansas City Southern Receives Revised Proposal from Canadian National Railway That Board of Directors Determines is a "Company Superior Proposal"
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“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
- 05/13/2021
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Canadian National expected to sweeten Kansas City Southern takeover bid - WSJ
- Canadian National Railway Co is expected to sweeten its takeover bid for Kansas City Southern, the Wall Street Journal reported on Thursday, according to people familiar with the matter.
- 05/13/2021
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Kansas City Southern Names Timothy Livingston Vice President Transportation
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) 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. “Throughout the evolution of KCS' implementation of Precision Scheduled Railroading, Tim has consistently demonstrated tremendous leadership,” said KCS executive vice president-operations John Orr. “He has a keen understanding of the value of
- 05/12/2021
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Canadian Pacific, CN continue to lobby for merger support
- Rivals Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) are still at work seeking to convince the Surface Transportation Board (STB), industry stakeholders and Kansas City Southern (NYSE: KSU) shareholders which Canadian railway is the best company suited to merge with Kansas City Southern (KCS). CP and KCS had announced plans to merge in March, while CN said in April that it is also interested in acquiring KCS.
- 05/11/2021
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Regulators approve CP's and KCS' request to form pre-merger voting trust
- The Surface Transportation Board (STB) has determined that Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process. CP and KCS had announced plans to merge in March, while CP rival CN (NYSE: CNI) said in April that it is also interested in acquiring KCS.
- 05/07/2021
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STB approves voting trust for Canadian Pacific's proposed acquisition of Kansas City Southern
- The U.S. Surface Transportation Board (STB) on Thursday approved the voting trust for Canadian Pacific Railway's proposed acquisition of Kansas City Southern railroad.
- 05/06/2021
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BNSF's parent company responds to KCS merger activity
- Count BNSF (NYSE: BRK.B) as one of those watching how efforts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU) play out. Executives with BNSF parent company Berkshire Hathaway noted on Saturday during the company's annual shareholder meeting that BNSF will seek opportunities to protect its franchise as the merger proceedings go before the Surface Transportation Board for review.
- 05/03/2021
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Warren Buffett, Charlie Munger address the Kansas City Southern merger battle
- At the annual Berkshire Hathaway shareholders meeting live streamed on Yahoo Finance, Warren Buffett, Charlie Munger and Greg Abel address the merger battle between Canadian National and Canadian Pacific over Kansas City Southern. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 05/01/2021
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Canadian Pacific files objection with U.S. regulator over Canadian National's bid for Kansas City rail
- Canadian Pacific Railway Ltd (CP) said on Saturday it filed a formal objection with a U.S. regulator stating Canadian National Railway Co's near $30 billion rival bid for Kansas City Southern does not qualify to be exempted from tougher merger rules.
- 05/01/2021
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Cascade Investment says 'fully supports' talks between CN Rail and Kansas City Southern
- Bill Gates' Cascade Investment said on Wednesday it "fully supports" the ongoing talks between Canadian National Railway and Kansas City Southern over Canadian National's takeover bid for the U.S. railroad.
- 04/28/2021
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CP shareholders say bidding war for Kansas City Southern unnecessary
- As Kansas City Southern's share price rises above Canadian Pacific Railway's offer on prospects of a bidding war, CP shareholders and analysts say the company should stick to its initial proposal, noting Canadian National Railway's rival offer may struggle to secure regulatory approval.
- 04/28/2021
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CN to discuss merger with KCS, sends STB over 400 support letters
- Rival Canadian suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are seeking to win the hearts of the shareholders of Kansas City Southern (NYSE: KSU). CN said Saturday that it will be engaging with the board of directors of Kansas City Southern (KCS) over its acquisition proposal.
- 04/26/2021
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Canadian Pacific's Merger Bid Gets a Boost From U.S. Regulator
- CP's deal with Kansas City Southern will be judged by a more-relaxed antitrust standard.
- 04/26/2021
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Shippers push for CP Railway to win bidding war for Kansas City Southern
- North America's freight rail customers, from grain shippers to logistics companies, are pushing for Canadian Pacific Railway Ltd to win a bidding war for Kansas City Southern over rival Canadian National Railway, eyeing stronger competition and swifter service.
- 04/26/2021
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Canadian Pacific Comments on Procedural Update From Kansas City Southern
- CALGARY, AB, April 24, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today provided the following statement regarding Kansas City Southern's ("KCS") decision to evaluate Canadian National's ("CN") unsolicited proposal. The board of KCS is simply meeting its obligations under the merger agreement with CP and fulfilling its fiduciary duty to its shareholders by assessing the CN offer.
- 04/24/2021
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Kansas City Southern Board of Directors Determines Proposal from Canadian National Railway Could Reasonably Be Expected to Lead to a “Superior Proposal”
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“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 def
- 04/24/2021
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Canadian Pacific Railway Wins Regulatory Exemption In Proposed Merger With Kansas City Southern
- The U.S. Surface Transportation Board (STB) has decided to uphold a 2001 waiver that will ease the path for the merger between Kansas City Southern and Canadian Pacific Railway Limited. What Happened: The Canadian Pacific Railway Ltd.
- 04/24/2021
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Kansas City Southern Nearing Talks With Suitor Canadian National
- There's a bidding war in the railroad business!
- 04/23/2021
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Viewpoint: CP-KCS merger makes sense; CN takeover does not
- By Byron L. Dorgan, retired U.S. senator from North Dakota Making an exception is different than changing one's mind.
- 04/23/2021
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Canadian Pacific CEO says CN bid for KC Southern is 'fantasy'
- CNBC's David Faber reports on KC Southern bids.
- 04/22/2021
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Canadian Pacific confident in KCS merger bid
- Canadian Pacific (NYSE: CP) isn't planning on taking part in a bidding war with rival Canadian railway CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), CP's CEO said Wednesday. “We're not considering changing anything with our bid.
- 04/22/2021
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Cramer says bidding war for Kansas City Southern is a 'very encouraging sign' for stock market
- CNBC's Jim Cramer explains why competing offers to buy railroad operator Kansas City Southern represent a "very encouraging sign" for the stock market overall.
- 04/21/2021
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Cramer says bidding war for Kansas City Southern shows bargains remain in stock market
- CNBC's Jim Cramer considers the competing bids for Kansas City Southern to be a "very encouraging sign" for the stock market amid concerns of frothiness.
- 04/21/2021
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Kansas City Southern with Canadian Pacific Railway Limited
- New York, New York--(Newsfile Corp. - April 21, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Kansas City Southern (NYSE: KSU) ("KCS" or the "Company") stock prior to March 20, 2021.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of KCS with Canadian Pacific Railway Limited ("Canadian Pacific") (NYSE: CP). The investigation seeks...
- 04/21/2021
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Canadian National notifies U.S. regulator of its plan to buy Kansas City Southern
- Canadian National said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern after it made an unsolicited $30 billion bid for the U.S. railroad.
- 04/21/2021
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Canadian National (CNI) Bids Higher for Kansas City Southern
- Canadian National's (CNI) offer to buy Kansas City Southern (KSU) will boost trade between the United States, Canada and Mexico on the deal's materialization.
- 04/21/2021
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Kansas City Southern (KSU) Moves 15.3% Higher: Will This Strength Last?
- Kansas City Southern (KSU) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 04/21/2021
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Canadian Pacific slams CN's bid to acquire Kansas City Southern
- Canadian Pacific (NYSE: CP) slammed a bid by rival CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), describing CN's proposal as “massively complex and likely to fail” because it decreases competition and raises antitrust concerns, according to CP. On Tuesday, CN offered to acquire KCS in a cash-and-stock transaction valued at $33.7 billion.
- 04/20/2021
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5 Top Stock Trades for Wednesday: UAL, JNJ, PG, KSU, IBM
- United Airlines, Johnson & Johnson, Procter & Gamble, Kansas City Southern and IBM were our top stock trades for Wednesday. The post 5 Top Stock Trades for Wednesday: UAL, JNJ, PG, KSU, IBM appeared first on InvestorPlace.
- 04/20/2021
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Full Steam Ahead for Kansas City Southern; Tobacco Stocks Fall on Regulation Fears
- Markets were sharply lower on Wall Street.
- 04/20/2021
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CN, Kansas City Southern merger would target competition from trucks
- A merger between Canadian railway CN (NYSE: CNI) and Kansas City Southern (NYSE: KSU) would created a formidable opponent for what should be the industry's largest threat: long-haul trucking, CN executives said Tuesday morning in their pitch to acquire Kansas City Southern (KCS). “What's really missing in North America at this point is a true north-south railroad … that can really rival with truck,” said CN President and CEO JJ Ruest in a call explaining the bid to Wall Street analysts and investors.
- 04/20/2021
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405-plus Customers and Stakeholders Put Support Behind CP-KCS Combination
- KCS' largest customer, Bartlett Grain, supportive of pro-competition, pro-service U.S.-Mexico-Canada combination Supporters Urge the STB to Review the Transaction Efficiently to Realize Benefits to All Stakeholders CALGARY, AB and KANSAS CITY, Mo., April 20, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced that Bartlett Grain, Port of Milwaukee, Asociación Mexicana de la Industria Automotriz A.C.
- 04/20/2021
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KSU Stock: The Huge Railroad Bidding War Helping Kansas City Southern Chug Higher
- The railroad industry is driving investor interest today, as KSU stock soars from a bidding war between two Canadian rail companies. The post KSU Stock: The Huge Railroad Bidding War Helping Kansas City Southern Chug Higher appeared first on InvestorPlace.
- 04/20/2021
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Canadian National Bids $33.7B For Kansas City Southern
- Canadian National Railway (NYSE: CNI) is seeking to derail an effort by rival Canadian Pacific (NYSE: CP) to acquire Kansas City Southern (NYSE: KSU) by making a higher acquisition bid for the U.S.-based company. What Happened: Canadian National is proposing a cash-and-stock transaction valued at $33.7 billion, or $325 per share.
- 04/20/2021
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News Alert: CN makes nearly $34 billion bid for Kansas City Southern
- Canadian railway CN (NYSE: CNI) has offered to acquire Kansas City Southern (NYSE: KSU) in a cash-and-stock transaction worth $33.7 billion, or $325 per share. CN rival Canadian Pacific (NYSE: CP) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion.
- 04/20/2021
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KSU Stock: Over 15% Increase Pre-Market Explanation
- The stock price of Kansas City Southern (NYSE: KSU) increased by over 15% pre-market. This is why it happened.
- 04/20/2021
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Kansas City Southern bullish on late-2021 volumes
- Although Kansas City Southern (NYSE: KSU) executives were tight-lipped about how operations might look should it succeed in merging with Canadian Pacific (NYSE: CP), the railroad was upbeat Friday about its volume expectations for 2021. Kansas City Southern (KCS) and CP announced plans last month to merge and are in the preliminary stages of a multimonth regulatory review before the Surface Transportation Board (STB).
- 04/16/2021
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Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q1 2021 Results - Earnings Call Transcript
- Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q1 2021 Results - Earnings Call Transcript
- 04/16/2021
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Kansas City Southern's (KSU) Q1 Earnings Lag on Volume Woes
- Lower volumes hurt Kansas City Southern'S (KSU) Q1 results.
- 04/16/2021
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Kansas City Southern Q1 net profit flattish on 4% revenue decline
- Lower revenue contributed to flattish year-over-year first-quarter net profit for Kansas City Southern (NYSE: KSU). First-quarter net income was $153.4 million, or $1.68 per diluted share, up 0.7% from $152.3 million, or $1.58 per diluted share, in the first quarter of 2020.
- 04/16/2021
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Kansas City Southern profit, revenue miss expectations amid 'unique and challenging events'
- Shares of Kansas City Southern tacked on 0.1% in premarket trading, after the rail road operator reported a first-quarter profit and revenue miss, with Chief Executive Patrick Ottensmeyer citing "several unique and challenging events," but he said he can "confidently confirm" the full-year outlook. Net income rose to $153.0 million, or $1.68 a share, from $151.7 million, or $1.58 a share, in the year-ago period.
- 04/16/2021
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Recap: Kansas City Southern Q1 Earnings
- Shares of Kansas City Southern (NYSE:KSU) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share decreased 2.55% over the past year to $1.91, which missed the estimate of $1.94.
- 04/16/2021
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Kansas City Southern Reports First Quarter Results
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) reported revenues of $706.0 million, a decrease of 4% from first quarter 2020. Overall, carload volumes were down 1% compared to prior year. First Quarter 2021 First quarter revenues were $706.0 million, a decrease of 4% primarily resulting from lower volumes, lower fuel surcharge, and fluctuations in foreign currency. First quarter operating expenses were $453.0 million. Operating income was $253.0 million and the reporte
- 04/16/2021
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Kansas City Southern Names Jeffrey M. Songer Executive Vice President - Strategic Merger Planning and John F.
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that Jeffrey M. Songer has been named to a new position as executive vice president - strategic merger planning and John F. Orr has been named executive vice president - operations. In this new role, Mr. Songer will be primarily focused on managing the merger application process for the proposed Canadian Pacific (CP) and KCS combination. This process will include developing, among other things: a joint net
- 04/15/2021
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Justice Department, CP and KCS spar over rail merger process
- The U.S. Department of Justice (DOJ) and Canadian Pacific (NYSE: CP) disagree on whether CP's use of a voting trust during its proposed acquisition of Kansas City Southern (NYSE: KSU) will interfere with how regulators review the merger. To facilitate the merger, CP and Kansas City Southern (KCS) plan to establish a voting trust to acquire KCS shares, pending shareholder approval.
- 04/14/2021
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Earnings Previews: Alcoa, Kansas City Southern
- The new earnings season rolls along Thursday afternoon and continues its surge before markets open on Friday.
- 04/14/2021
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Canadian Pacific, Kansas City Southern Assert Right to Have Transaction Reviewed Under Waiver Granted to KCS in 2001
- CALGARY, Alberta & KANSAS CITY, Mo.--(BUSINESS WIRE)--Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today made a filing with the Surface Transportation Board (“STB”) asserting their right to have the STB review their combination under a waiver the STB granted to KCS in 2001. The filing was made in response to objections to the application of the KCS waiver that were filed with the STB by competitors and others. The STB granted KCS, the
- 04/12/2021
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Kansas City Southern (KSU) Reports Next Week: Wall Street Expects Earnings Growth
- Kansas City Southern (KSU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/09/2021
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What's in Store for Kansas City Southern (KSU) in Q1 Earnings?
- Persistent weakness in the industrial and consumer business as well as energy business is likely to have hurt Kansas City Southern's (KSU) first-quarter 2021 performance.
- 04/09/2021
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More shippers voice support of CP-KCS merger
- More shippers and other stakeholders have lent their support to the proposed merger between Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU). Forty-five customers, ports, transloading companies and others filed statements of support to the Surface Transportation Board (STB), the regulatory body that must ultimately approve CP's acquisition of Kansas City Southern (KCS).
- 04/06/2021
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PAVE: The $2+ Trillion U.S. Infrastructure Plan Has Arrived - Here's An ETF That Will Benefit
- PAVE: The $2+ Trillion U.S. Infrastructure Plan Has Arrived - Here's An ETF That Will Benefit
- 04/04/2021
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Canadian Pacific, Kansas City Southern Receive Widespread Support for Creating First U.S.-Mexico-Canada Rail Network
- Nearly 260 Statements from Shippers and Supporters Filed with the Surface Transportation Board in Support of CP-KCS Combination Shippers and Supporters Anticipate Increased Efficiency and Market Reach, Enhanced Competition and North American Economic Growth CALGARY and KANSAS CITY, Mo., March 31, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced they have received statements from nearly 260 shippers, other railroads, economic development authorities, ports, and other supporters for their planned combination that would create the first rail network connecting the U.S., Mexico, and Canada.
- 03/31/2021
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What Investors Should Know About the Largest Railroad Merger Ever
- Kansas City Southern and Canadian Pacific Railway have big plans.
- 03/31/2021
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7 Infrastructure Stocks Ready for the Looming Supercycle
- With stimulus checks done, the next move may be an infrastructure bill from Congress. Here's some stocks that could benefit.
- 03/30/2021
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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Kansas City Southern - KSU
- NEW YORK, March 27, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Kansas City Southern ("KSU" or the "Company") (KSU) relating to its proposed acquisition by Canadian Pacific Railway. Under the terms of the agreement, KSU shareholders will receive $90.00 in cash and 0.489 shares of Canadian Pacific per share they own.
- 03/27/2021
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Kansas City Southern (KSU) Surges 11.1%: Is This an Indication of Further Gains?
- Kansas City Southern (KSU) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 03/23/2021
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Weaker Home Sales, CP-KSU Deal for $25 Billion
- Canadian Pacific (CP) is buying Kansas City Southern (KSU) for $25 billion in cash and stock, bringing together two major players in the North American rail space.
- 03/22/2021
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3 Railroad Stocks To Watch Amid Canadian Pacific And Kansas City Southern Merger
- Canadian Pacific Railway Ltd (NYSE:CP) and Kansas City Southern (NYSE:KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a combined 20,000 miles of rail.
- 03/22/2021
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Canadian Pacific Railway, Kansas City Southern Merger Moves Full Steam Ahead to Connect US,.
- Creating the first railroad network connecting the U.S., Canada and Mexico, Canadian Pacific Railway Ltd. (NYSE:CP) announced a merger with Kansas City Southern (NYSE:KSU) on Sunday.
- 03/22/2021
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Canadian Pacific (CP) Buying Kansas City Southern (KSU) In $29 Billion Deal
- Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) and Kansas City Southern (NYSE: KSU) announced recently to merge in a deal valued at $29 billion. These are the details.
- 03/22/2021
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CP Rail CEO 'Confident' Regulators Will Approve Kansas City Deal
- Mar.22 -- Canadian Pacific Railways on Sunday agreed to buy Kansas City Southern for $25 billion, creating the first railroad to traverse Canada, the U.S. and Mexico. CEO Keith Creel discusses the proposed acquisition on "Bloomberg Markets.
- 03/22/2021
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This Surprise Merger News Helped the Stock Market Chug Ahead Monday
- It's the latest sign of rotation on Wall Street.
- 03/22/2021
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Canadian Pacific to acquire Kansas City Southern for £18 billion in cash and stock
- Canadian Pacific Railway Ltd. (TSE: CP) said on Monday that it will buy Kansas City Southern (NYSE: KSU) for roughly £18 billion in cash and stock.
- 03/22/2021
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Canadian Pacific Railway agrees to buy Kansas City Southern for $25billion
- Yahoo Finance's Julie Hyman, Brian Sozzi, and Myles Udlan discuss the deal $25 billion deal between Canadian Pacific Railway and Kansas City Southern that would create that would create a railway network of 20,000 miles that would link the United States, Canada, and Mexico.
- 03/22/2021
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Jim Cramer on Canadian Pacific Railway buying Kansas City Southern
- Canadian Pacific Railway on Sunday said it has agreed to buy Kansas City Southern for $25 billion in a cash-and-shares deal to create the first rail network connecting the United States, Mexico, and Canada, betting on a pick-up in North American trade. CNBC's Jim Cramer and David Faber discuss.
- 03/22/2021
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Why the Canadian Pacific-Kansas City Southern Deal Is Bullish for Railroad Stocks
- It may not trigger other mergers, but it should spur investors to assign higher valuations.
- 03/22/2021
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What Will the Stock Market Do Today? 3 Big Stories to Watch.
- What will the stock market do today? Investors are busy watching everything from GameStop to EV stocks to Covid-19 vaccines.
- 03/22/2021
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Railroad megamerger would create the first Mexico-US-Canada freght rail network
- Two of North America's largest railroad companies announced a merger Sunday that would connect freight customers to Canada, the United States and Mexico on a single network for the first time in history.
- 03/21/2021
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Canadian Pacific to acquire Kansas City Southern in $25 billion railroad merger that spans across the entire North American continent
- Canadian Pacific Railway has agreed to acquire Kansas City Southern in a deal that will create the first ever rail network that spans across Canada, the United States, and Mexico. The combined company will operate 20,000 miles of rail, employ close to 20,000 people, and generate total revenues of about $8.7 billion, according to a statement.
- 03/21/2021
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Factbox: Highlights of CP's $25 billion planned purchase of Kansas City in world's top rail merger
- Canadian Pacific Railway Ltd (CP) on Sunday said it has agreed to buy Kansas City Southern (KCS) for $25 billion in a cash-and-shares deal to create the first rail network connecting the United States, Mexico and Canada as it bets on a pickup in North American trade.
- 03/21/2021
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Canadian Pacific to Buy Kansas City Southern in Railroad Blockbuster
- $29 billion deal would create first rail network linking Canada, the U.S., and Mexico.
- 03/21/2021
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Canadian Pacific Rail To Buy Kansas City Southern For $25 Billion
- Canadian Pacific Railway will buy out Kansas City Southern in a merger that CP says will create the first U.S.-Mexico-Canada railroad. What Happened: Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) on Sunday announced that they have entered into a merger agreement, where Canadian Pacific has agreed to buy Kansas City Southern for $25 billion in a cash-and-shares deal.
- 03/21/2021
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Canadian Pacific To Buy Kansas City Southern In $25 Billion Deal Creating First Rail Network Spanning U.S., Mexico And Canada
- The deal values Kansas City Southern at a 23% premium to Friday's closing prices.
- 03/21/2021
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KSU Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Kansas City Southern Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – KSU
- NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Kansas City Southern (NYSE: KSU) to Canadian Pacific Railway Limited is fair to Kansas City shareholders. Under the terms of the merger agreement, Kansas City shareholders would receive 0.489 Canadian Pacific shares and $90.00 in cash for each Kansas City common share held. Halper Sadeh encourages Kansas City shareholders to click here to learn more about their legal rights and o
- 03/21/2021
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Canadian Pacific and Kansas City Southern Agree to Combine to Create the First U.S.-Mexico-Canada Rail Network
- CALGARY, Alberta & KANSAS CITY, Mo.--(BUSINESS WIRE)--Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“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$29 billion1, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of dir
- 03/21/2021
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Canadian Pacific to buy Kansas City Southern for $25 billion: FT
- Canadian Pacific Railway Ltd has agreed to buy Kansas City Southern for $25 billion, the Financial Times said on Saturday, citing people with knowledge of the matter.
- 03/21/2021
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4 Stocks to Watch as Railroad Industry Continues to Rebound
- The U.S. railroad industry seems ready to continue its turnaround after being affected by the COVID-19 pandemic, making it wise to look at names like Norfolk Southern (NSC) and Union Pacific (UNP)
- 03/16/2021
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UPS Rides on E-Commerce Growth & Solid Cash Flow Generation
- Increase in e-commerce sales during the pandemic and strong cash flow generation are acting as tailwinds for UPS.
- 03/15/2021
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Why Warren Buffett Can't Quit the Old Economy
- With technology stocks soaring, Berkshire Hathaway went all in on oil and telecom.
- 03/04/2021
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Kansas City Southern stock drops to lead Dow transports' losers after downbeat revenue outlook
- Shares of Kansas City Southern fell 1.9% in morning trading Tuesday, enough to pace the Dow Jones Transportation Average's decliners, after the railroad company provided a downbeat first-quarter revenue outlook. The company said it expects both volume and revenue for the current quarter to be down 4% from the same period a year ago, while the current FactSet revenue consensus of $724 million implies a 1.1% decline.
- 03/02/2021
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Kansas City Southern (KSU) Down 0.2% Since Last Earnings Report: Can It Rebound?
- Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock?
- 02/21/2021
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KCS' Mike Upchurch to Address Three Conferences in March 2021
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) Executive Vice President and Chief Financial Officer, Michael W. Upchurch, will address the following conferences via webcasts: The Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021 at 10:50 a.m. Eastern Time The J.P. Morgan Industrials Conference 2021 on March 16, 2021 at 4:30 p.m. Eastern Time The Bank of America Global Industrials Conference on March 17, 2021 at 8:20 a.m. Eastern Time or 12:
- 02/16/2021
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Kansas City Southern (KSU) Cheers Investors Via Dividend Hike
- Kansas City Southern's (KSU) annual shareholder meeting will be held on May 20, 2021.
- 02/05/2021
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Kansas City Southern Announces Dividend Increase; Establishes Annual Meeting Date
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS or the Company) (NYSE:KSU) announced that its Board of Directors approved at its meeting today a 23% increase in the quarterly dividend on KCS's common stock, from $0.44 to $0.54 per share. The board declared a common stock dividend at this increased amount payable on April 7, 2021, to common stockholders of record at the close of business on March 8, 2021. The increase in the quarterly dividend on KCS's common stock aligns with the C
- 02/04/2021
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4 Transportation Stocks With Dividend Growth to Watch Now
- With the scenario brightening for the transportation stocks, we believe, Norfolk Southern (NSC), Canadian National (CNI), J.B. Hunt (JBHT) and GATX that raised dividends recently, should be on an investor's radar.
- 02/01/2021
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Kansas City Southern Sees Strong Growth in 2021 and 2022
- After a roller-coaster year in 2020, Kansas City Southern (NYSE:KSU) is forecasting banner years in 2021 and 2022. It listed the following guidance in its fourth-quarter and full-year earnings release on Jan. 22:
- 01/26/2021
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Today's Stock Market News & Events: 1/24/2021
- The first month of 2021 is set to end with a packed schedule, full of economic data and loads of earnings reports.
- 01/25/2021
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Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q4 2020 Results - Earnings Call Transcript
- Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q4 2020 Results - Earnings Call Transcript
- 01/22/2021
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Regional Banks Post Mixed Earnings Results
- Regional Banks Post Mixed Earnings Results.
- 01/22/2021
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Q4 Earnings Come to Regional Banks: ALLY, HBAN & More
- Most of the Big Banks have already posted for Q4; this morning we see a large share of Regional Banks reporting quarterly earnings.
- 01/22/2021
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Railroad Stocks Post Quarterly Revenue Declines
- CSX (CSX) and Kansas City Southern (KSU) booked healthy profits on falling revenue in the fourth quarter.
- 01/22/2021
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Recap: Kansas City Southern Q4 Earnings
- Shares of Kansas City Southern (NYSE:KSU) moved higher by 0.9% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 3.85% over the past year to $1.89, which missed the estimate of $1.92.
- 01/22/2021
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Kansas City Southern Reports Fourth Quarter and Full-Year 2020 Results
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) reported strong fourth quarter and full year 2020 results, despite significant operating and economic challenges. Fourth Quarter 2020 Fourth quarter revenues were $693.4 million, a decrease of 5% primarily due to lower volumes related to a service interruption at Lazaro Cardenas due to teachers' protests, lower fuel surcharge and fluctuations in foreign currency. Fourth quarter operating expenses were $431.1 million. Opera
- 01/22/2021
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Today's Stock Market News & Events: 1/22/2021
- Today's economic report calendar features the Markit manufacturing Purchasing Manager's Index (PMI), as well as Markit services PMI and existing home sales.
- 01/22/2021
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Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas, located adjacent to KCS' David L. Starling Wylie Intermodal Terminal. The Wylie Logistics Park offers 2.4 million square feet of potential building capacity for traditional warehousing and distribution; industrial grade amenities; dual feed electrical system with redund
- 01/20/2021
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Kansas City Southern Commits to Setting a Science-Based Emissions Reduction Target
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced that it has submitted a commitment letter to the Science Based Targets Initiative (SBTi) pledging to set a science-based greenhouse gas emissions reduction target. KCS' science-based target will align with what climate scientists say is needed to meet the Paris Agreement goal of limiting global warming to well below 2°C above pre-industrial levels. Railroads are already one of the most efficient modes of transpo
- 01/19/2021
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What's in Store for Kansas City Southern (KSU) in Q4 Earnings?
- Volume disruptions and low crude shipments is expected to have hurt Kansas City Southern's fourth-quarter results.
- 01/18/2021
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Kansas City Southern (KSU) Earnings Expected to Grow: Should You Buy?
- Kansas City Southern (KSU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/15/2021
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Kansas City Southern Appears Fully Valued
- Kansas City Southern Appears Fully Valued
- 01/11/2021
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December U.S. Rail Traffic Up 4.4%: More Gains Ahead in 2021?
- The anticipated spurt in freight volumes for 2021 augurs well for the railroads like Union Pacific (UNP) Norfolk Southern (NSC) and CSX Corporation (CSX).
- 01/07/2021
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Freight Stock Ending 2020 With a Bang
- Freight and logistics name Kansas City Southern (NYSE:KSU) is on the verge of breaking out from an ascending triangle, and is now riding both the 20-day and 40-day moving averages higher, after a long consolidation.
- 12/30/2020
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5 big freight rail themes in 2020
- To say that 2020 was a roller-coaster year might be an understatement. From COVID-19 to congestion, here are five themes that dominated the freight rail industry in 2020.
- 12/30/2020
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These 4 Railroad Stocks Are on Track to Rebound in 2021
- With the economy gradually recovering and freight volumes improving, CSX, Kansas City Southern (KSU), Canadian Pacific (CP) and Canadian National (CNI) look poised for a rebound in 2021.
- 12/28/2020
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Kansas City Southern Announces 20th Anniversary Holiday Express Fundraising Results to Benefit Salvation Army in 20 Communities
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that the 20th anniversary KCS Holiday Express program in partnership with The Salvation Army has raised over $277,000 to benefit The Salvation Army in 20 communities on its U.S. rail network. Those communities include Kansas City, Joplin and Mexico, Mo.; Beaumont, Corpus Christi, Dallas, Houston, Laredo and Port Arthur, Texas; Baton Rouge, New Orleans, Shreveport and Westlake, La.; Gulfport, Jackson and Vi
- 12/21/2020
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KCS Announces Fourth Quarter 2020 Earnings Release and Conference Call Time
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) will release its fourth quarter 2020 financial results on Friday, January 22, 2021, before the opening of trading on the New York Stock Exchange. KCS will also hold its fourth quarter 2020 earnings conference call on Friday, January 22, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanyi
- 12/18/2020
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Kansas City Southern (KSU) Shares Up 25% in a Year: Here's Why
- Kansas City Southern's (KSU) commitment to reward shareholders despite odds is encouraging. Additionally, gradual improvement in volumes is aiding the company.
- 12/16/2020
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COVID-19 uncertainties, PSR part II: What's on the minds of rail execs
- Train lengths, e-commerce and mergers and acquisitions were among the topics discussed by four Class I railroads at the Credit Suisse 8th Annual Industrials Conference last week. Here are some highlights: Kansas City Southern talks service design adjustments, longer sidings Kansas City Southern (NYSE: KSU) hopes to implement the third phase of its PSR program in 2021.
- 12/10/2020
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Kansas City Southern Announces 20th Anniversary Holiday Express Fundraising Results to Date and Challenge Grant to Benefit Salvation Army in 20 Communities
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced in September that it would celebrate the 20th anniversary of its KCS Holiday Express program and partnership with The Salvation Army with a fundraiser to benefit the Salvation Army in 20 communities on its U.S. rail network. To date this year, the KCS Holiday Express project has raised $148,115 for this cause. The company is now issuing a challenge grant to raise even more. “This year, contributions from the KCS
- 12/01/2020
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5 Raymond James Favorite Blue-Chip Stocks to Buy That Could Soar in 2021
- All the firms we follow here at 24/7 Wall St. keep a list for their institutional and retail clients of high-conviction stock picks.
- 12/01/2020
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Weekly US intermodal volumes march upward
- U.S. intermodal traffic on a weekly basis exceeded the 300,000-unit mark this week amid continued brisk import activity. Intermodal volumes for the week ending Saturday were 301,129 containers and trailers, which is 11.5% higher than the same week a year ago, according to data from the Association of American Railroads.
- 11/26/2020
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Kansas City Southern provides downbeat revenue outlook as protests in Mexico weigh
- Kansas City Southern provided Tuesday a downbeat outlook for fourth-quarter revenue, as the rail road operator said protests blocking the Caltzontzin District in Mexico are hurting its volume and revenue performance. In a presentation for the Stephens Annual Investment Conference, the company said quarter to date, volume is down 3% from a year ago and revenue is down 6%, while the FactSet revenue consensus $696 million implies a 4.7% decline.
- 11/17/2020
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Kansas City Southern (KSU) Up 1.7% Since Last Earnings Report: Can It Continue?
- Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock?
- 11/15/2020
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Short line shorts: Jaguar grows network, OmniTRAX adds rail-ready sites
- Jaguar expands footprint Joplin, Missouri-headquartered Jaguar Transport Holdings has acquired five short line railroads from Ogden, Utah-based The Western Group, a rail transportation services company. The Thursday announcement comes days after Jaguar said it had acquired an industrial park in Central Ohio.
- 11/06/2020
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KCS' Mike Upchurch to Address the Stephens Annual Investment Conference 2020
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) Executive Vice President and Chief Financial Officer, Michael W. Upchurch, will address the Stephens Annual Investment Conference 2020 at 8:00 a.m. eastern time on Tuesday, November 17, 2020. Interested investors not attending the conference may listen to the presentation via a simultaneous webcast on KCS' website at http://investors.kcsouthern.com. A link to the replay will be available following the event. Headquartered
- 11/03/2020
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Kansas City Southern Is Not Out Of The Woods Yet
- KSU's quarterly revenue fell in the double-digit percentage range. Revenue will likely face headwinds until the economy reopens. Cost take-outs drove the operating ratio below 60%. This was impressive given the decline in revenue.
- 10/30/2020
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Jim Cramer says Union Pacific should acquire Kansas City Southern
- "That would make me want to buy this one hand over fist, especially if [the stock] keeps coming down," the "Mad Money" host said in making the case for the railroad company Union Pacific.
- 10/26/2020
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Jim Cramer makes a case for Union Pacific to acquire Kansas City Southern
- "Rather than continuing to buy back huge slugs of stock like CSX, I think Union Pacific should just reach out and acquire Kansas City Southern," the "Mad Money" host said.
- 10/26/2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 09/06/2020
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Stocks To Watch: Tech Reboots And Eyes On Lululemon, Peloton & GameStop
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 09/05/2020
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Kansas City Southern Receives Quest for Quality Award for On-Time Performance, Customer Service
- Kansas City Southern (KCS) (NYSE: KSU) announced today that it has been recognized by Logistics Management magazine with a 2020 Quest for Quality award. Kansas City Southern Railway is this year’s Rail/Intermodal Service Provider winner by leading in the key categories of On-Time Performance and Customer Service and tying for the top spot in Equipment and Operations.
- 08/19/2020
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Ferrocarrileros van por su propia cámara para defender el sector • Forbes México
- El nuevo representante de la industria ferroviaria, Óscar del Cueto, resaltó que trabajará para fortalecer la representación del sector ante autoridades.
- 08/18/2020
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José Zozaya, nuevo presidente de AMIA • Forbes México
- El expresidente de KCSM será el nuevo liderazgo al frente de la industria automotriz, con miras a impulsar una industria con casi 3 años de pérdidas.
- 08/17/2020
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Rumored $21 Billion Takeover Bid Sets A Floor, Not Ceiling, On Kansas City Southern's Valuation
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Kansas City Southern (KSU) Up 16.1% Since Last Earnings Report: Can It Continue?
- Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 08/16/2020
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Kansas City Southern Joins Global Network of Operation Clean Sweep®
- Kansas City Southern (KCS) (NYSE: KSU) announced today that it has formally joined the global network of Operation Clean Sweep® – the Plastic Industry Association’s and American Chemistry Council’s Plastics Division’s campaign to reduce pellet, flake and powder loss for greater product stewardship and environmental protection. OCS reaches all aspects of the plastics industry and is being adopted globally through the Global Declaration of Solutions to Marine Litter.
- 08/13/2020
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Get Off Of Kansas City Southern
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After a Curious Stock Surge, the News Report Behind It Vanishes
- (Bloomberg) -- Kansas City Southern shares were already on a tear last week following news of a possible acquisition when a Spanish website reported that private equity firms would buy the railroad operator for a higher sum. But as the stock jumped again, some analysts questioned the site’s legitimacy.The shares had surged following a July 31 Wall Street Journal report that Blackstone Group Inc.’s infrastructure unit and Global Infrastructure Partners were weighing a takeover bid at a suggested deal value of $21 billion, a figure corroborated by Bloomberg. But a dispatch last Thursday from a website called El Negocio said Blackstone and a partner were preparing a bid that raised the implied value by $3 billion.That sent the stock to a record, with Kansas City Southern closing the session among the 15 biggest gainers on the S&P 500. The next day, the article disappeared.“While we never comment on deal speculation, this appears to be a fake news website,” Blackstone spokeswoman Paula Chirhart said Wednesday. “We’ve never heard of this organization and they did not contact us ahead of publication.”When a Bloomberg reporter called the phone number listed on El Negocio’s website, a man who said his name was Albert answered and asked the reporter to call back in an hour. Later calls were not answered or returned.El Negocio has a Twitter account that has not been verified, which is uncommon for a news service. Its Facebook page lists its location on a well-known street in Madrid, Calle Velazquez, with no address, and the link sends users to a Google maps page giving directions between the cities of Madrid and Cordoba. The phone number on the website is also associated with two other sites that seem to publish public relations statements from a website called Comunicae.Judy Burns, a U.S. Securities and Exchange Commission spokeswoman, declined to comment, and Kansas City Southern officials didn’t respond to requests for comment.Price SwingsAnalysts immediately started raising questions about the basis for the Spanish website’s report on the supposed $24 billion bid.“We’re not really sure what to make of this,” Credit Suisse analyst Allison Landry said in a report last week. “What we are struggling with is why a Spain-based media outlet is reporting on this; it would make more sense to us if it were a Latin American news source.”Shares of the railroad operator have climbed about 20% since the Wall Street Journal report, trading for $187.01 at 10:42 a.m. in New York, though they haven’t retouched last week’s intraday record of $195.47.The incident shows how quickly even unsubstantiated news can create wild price swings. That’s especially true with volatility at levels not seen for several years as the Covid-19 crisis roils markets.Private equity interest in railroads, and in Kansas City Southern specifically, isn’t surprising, according to Cowen analyst Jason Seidl.The rail operator’s business has improved with the help of so-called precision-scheduled railroading, hauling grain and other wares from the U.S. corn belt to Lázaro Cárdenas, a port city in Mexico. That partly explains why Kansas City Southern was seen fetching a slightly higher multiple than other recent railroad acquisitions, he said.Absent a deal, there would be little upside to Kansas City Southern’s shares, based on expectations of “a lackluster freight market” for the rest of the year, Stifel analyst David Ross said in a report early last week.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/12/2020
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Here's Why Hold Strategy is Apt for Kansas City Southern
- Kansas City Southern (KSU) has been seeing volumes increase after the same bottomed in early May. Encouraged by this, the company resumed share repurchases.
- 08/12/2020
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Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock
- Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on August 11, 2020 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 6, 2020 to preferred stockholders of record at the close of business on September 14, 2020.
- 08/11/2020
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SG Americas Securities LLC Reduces Position in Kansas City Southern (NYSE:KSU)
- SG Americas Securities LLC lessened its stake in shares of Kansas City Southern (NYSE:KSU) by 56.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,388 shares of the transportation company’s stock after selling 3,118 shares during the quarter. SG Americas Securities LLC’s holdings in Kansas City Southern were worth $357,000 as of its […]
- 08/11/2020
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Kansas City Southern's Valuation Is Difficult To Defend (NYSE:KSU)
- KSU's Q2 revenue fell over 20% Y/Y. Industry rail traffic is facing headwinds due to the pandemic.
- 08/11/2020
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Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock
- Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on August 11, 2020 declared a regular dividend of $0.25 per share on the outstanding KCS 4%
- 08/11/2020
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FedEx and UPS Shares Surge Amid Holiday Fee Hikes
- UPS and FedEx rocketed higher Friday after announcing price increases. Trade both stocks and a leading transportation ETF with these tactical ideas.
- 08/10/2020
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Arbitrators Favor Kansas City Southern In Border-Related Labor Dispute
- An arbitration board has determined that Kansas City Southern (NYSE: KSU) can use Mexican nationals employed by the railroad to work a nine-mile stretch between the Mexican border and a rail yard in Laredo, Texas.In a majority vote, the Special Board of Adjustment ruled that Kansas City Southern (KCS) didn't violate the collective bargaining agreement between KCS and the Brotherhood of Locomotive Engineers and Trainmen (BLET) when the railroad chose to use Mexican nationals employed by KCS instead of the U.S.-based workforce there.Previously, KCS trains switched crews at the International Bridge on the U.S.-Mexico border, with U.S.-based employees taking over the roles of those affiliated with Kansas City Southern de Mexico. The decision is found on BLET's website. The deciding board consisted of chairman and arbitrator Sidney Moreland, Maqui Parkerson, the member representing KCS and J. Alan Holdcraft, the member representing BLET. Holdcraft dissented and was against the board's final determination, saying that some of its conclusions were erroneous.The board's decision is the latest in a series of actions that began in 2017 and included time spent in the courts. In 2017, BLET approached KCS over its plans to use Mexican nationals on the nine-mile stretch operated by KCS subsidiary Tex Mex Railway. BLET argued that the change would enable KCS to "abolish" the positions of the BLET members working the nine-mile stretch between the International Bridge at the border and the Laredo rail yard. But KCS said the collective bargaining agreements don't cover situations where KCS changes the meeting location between its U.S. and Mexican operations. The issue was eventually brought to a federal district court, which ruled that the parties must undergo an arbitration process. The arbitration hearing was held on July 10, and the board rendered its decision on August 4."Railroad interchange is a unique circumstance in the industry. It necessarily involves two different carriers with two different workforces meeting and exchanging custody of the freight of their common customers. It logically results in some degree of an overlapping operation of one carrier's crews on the tracks of the other. Whether or not work opportunity is gained or lost becomes the central issue for labor management and collective bargaining. The case before us is no different," the decision said. It continued, "Two overarching and inescapable truths guide the decision reached herein. First, it is exceedingly clear that the parties contemplated interchange and all of its inevitable consequences and bargained for the language granting [KCS] the right to determine interchange locations. Secondly, the act of [Kansas City Southern de Mexico] operating trains for 9 miles over the Carrier's tracks for the limited purpose of achieving interchange between these two carriers does not represent the de facto disenfranchisement of the Carrier's employees. These paired facts cannot be bifurcated in any fair deliberation of this matter."KCS has argued that changing where train crews are replaced has enabled a more efficient network, and the railroad has said it has seen savings of up to 20 minutes per train at an average of six to eight trains per day. The railroad also told FreightWaves last year that it has worked extensively with U.S. Customs and Border Protection (CBP) to ensure that the Mexican crews have met CBP's travel and work documentation requirements, including a Mexican passport, a current U.S. visa and an account with the CBP's trusted travel program."The arbitration panel's recent decision ensures that KCS can continue the same safe and efficient operations it has had in place for the last two years. Over 50% of cross border rail freight traffic between the US and Mexico crosses the border over the International Rail Bridge at Laredo, Texas," KCS told FreightWaves. "KCS's coordinated operations with its Mexican affiliate – along with other Secure Corridor Initiatives that KCS has implemented within the past few years – have increased security and fluidity of rail traffic at the border, which benefits our employees, customers, and the surrounding communities."Meanwhile, BLET said it was disappointed by the outcome. Last year the group also sought to include in the trade agreement between the U.S., Mexico and Canada (USMCA) a provision stating that only U.S. citizens should operate freight trains originating from Mexico."The majority missed the mark by a long shot with its decision," said BLET National President Dennis R. Pierce. "This ruling is an affront to BLET's Tex-Mex membership, and an attack on the collective bargaining rights of all American workers. The Carrier was wrong in 2017 when it gave the jobs of hard-working Americans to Mexican nationals, it was wrong in 2018, and it's wrong today."Pierce also said BLET would "continue to litigate the refusal by the Trump Administration's Federal Railroad Administration to comply with its statutory obligations to properly regulate safety between Laredo Yard and the International Bridge. We will also continue to pressure Congress to adopt reciprocal legislation, missing in the Trump-negotiated USMCA (NAFTA 2), to put U.S. locomotive engineers and trainmen on an equal footing with their Mexican counterparts."Click here for more FreightWaves articles by Joanna Marsh.Related articles:Rail union seeks U.S. crews on Mexican cross-border trainsCommentary: Is outlook for Mexico's rail freight still relevant?Infrastructure investment firms reportedly eye Kansas City SouthernKansas City Southern seeks to maintain PSR-related cost cutsPhoto by Benjamin Wagner on UnsplashSee more from Benzinga * Koch-Owned KBX Teams Up With Transflo On Electronic BOLs * Cold Storage Sees Choppy Q2; Americold Says Business 'Stable' * Airbus Orders In 2020 Cut In Half By COVID-19(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/07/2020
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Private Equity Makes Huge Bet On Mexican Manufacturing - This Makes Centro Norte Even More Attractive (NASDAQ:OMAB)
- Private equity giant Blackstone is reportedly seeking to buy the Kansas City Southern railroad in a $21 billion deal.
- 08/06/2020
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Okta, DocuSign, and Other Stock Picks From a Midcap Fund That Is Crushing the Market
- The $2.2 billion Virtus KAR Mid-Cap Growth fund is up more than 40% so far in 2020.
- 08/05/2020
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US STOCKS-Nasdaq hits record high close as traders eye M&A and stimulus
- The Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed. Microsoft jumped 5.6% after it said it would push ahead with talks to buy the U.S. operations of Chinese-owned TikTok. President Donald Trump reversed course earlier on a planned ban of the short-video app.
- 08/03/2020
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US STOCKS-Wall St jumps as traders eye M&A and stimulus
- Wall Street rallied on Monday as a rebound in multibillion-dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed. Microsoft jumped 4.8% after it said it would push ahead with talks to buy the U.S. operations of Chinese-owned TikTok. President Donald Trump reversed course earlier on a planned ban of the short-video app.
- 08/03/2020
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Infrastructure Investment Firms Reportedly Eye Kansas City Southern
- Two major infrastructure investment firms, Global Infrastructure Partners and the Blackstone Group's infrastructure segment, are mulling over whether to attempt to acquire U.S. Class I railroad Kansas City Southern (NYSE: KSU), according to an article in the Wall Street Journal (WSJ).The article said the two firms are considering an acquisition and talking with banks about the prospect, according to the article. But the firms haven't decided their course of action, and Kansas City Southern (KCS) could also reject their offer, the article said. KCS could cost more than $21 billion, a figure that accounts for the railroad's market value as well as its debt, according to sources who spoke with WSJ.Global Infrastructure Partners and the Blackstone Group declined to comment, while KCS didn't return a request for comment.Railroads are an attractive asset for infrastructure investment firms because they are an asset that can generate profit long-term, experts told FreightWaves last December. A number of infrastructure investment firms acquired short line railroads last year, most notably Brookfield Infrastructure and GIC's acquisition of Genesee & Wyoming.Although KCS is a Class I railroad, investors might be attracted to its smaller size compared with its peers and its exposure to cross-border trade with Mexico, according to the WSJ article.This isn't the first time that KCS has been in the news this year regarding a proposed acquisition. In June, a European report speculated that competing railroads or an infrastructure investment firm could be eyeing a KCS acquisition, according to Seeking Alpha.KCS CEO Pat Ottensmeyer responded to those reports during the company's second-quarter earnings call on July 17."We saw a lot of noise a few weeks ago. A lot of media seemed to be coming out of Europe or London about KSU and a possibility that someone was preparing for a deal. And obviously, the standard answer is no comment on things like that," Ottensmeyer said. "But the story behind that is, we've got a terrific plan. We've got outstanding opportunities. We have a lot of runway to have a successful run as an independent, stand-alone publicly-traded company. And that's our focus and that's what we're going to do. We're executing very well. We've got growth."For more FreightWaves articles by Joanna Marsh, click here.Related articles: Experts predict more short line railroad mergers and acquisitionsHow will newly acquired Genesee and Wyoming pay for its infrastructure?GWR realizes goal by being acquired at a 40 percent premiumSee more from Benzinga * Ports Continue Preparing For Tropical Storm Isaias (With Forecast Video) * Electric Pickup Maker Lordstown Motors Going Public In Reverse Merger * Universal Logistics CEO Touts Company's Adaptability In 'Tough Environment'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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US STOCKS-Microsoft, Apple lift Wall St as investors await stimulus
- Wall Street's main indexes rose on Monday as a rebound in multi-billion dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment as efforts to hammer out a coronavirus relief bill resumed. Microsoft jumped 4% on saying it would push ahead with talks to buy the U.S. operations of Chinese-owned TikTok after President Donald Trump reversed course on a planned ban of the short-video app.
- 08/03/2020
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Do Railroad Takeovers Only Happen in Crises? - BNN Bloomberg
- Warren Buffett seized the opportunity to buy Burlington Northern during the financial crisis. Now private equity is eyeing Kansas City Southern during a pandemic.
- 08/03/2020
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Goldman Sachs Comes Up With Tinder for Mergers
- (Bloomberg Opinion) -- Call it Deal Tinder. Banker Bumble. Or, perhaps more on trend with the vowel-hating naming convention of startups, simply: Bnkr. That’s not the real name, but Wall Street is building a new dealmaking app for the future of mergers and acquisitions in a social-distanced world. After all, this weekend’s flurry of deal activity shows that not even the coronavirus can stifle M&A demand for long.As air travel remains taboo, and with working from home set to be the norm for corporate offices for the foreseeable future, bankers are looking for new technologies to help their clients find transactions remotely. The Covid-19 pandemic heralded the rise of Zoom Video Communications Inc. and other videoconferencing tools, which have already been used recently by Verizon Communications Inc. and Intel Corp. to negotiate acquisitions valued at hundreds of millions of dollars. Now, Goldman Sachs Group Inc. is building a merger matchmaking app for its investment-banking clients to further aid the process, Bloomberg’s Ed Hammond reports. The app’s real name is Gemini, building off a technology that the company uses internally. (In case Goldman’s rivals are curious, “Bnkr” is still up for grabs.) The Gemini news comes on the heels of a busy deals weekend as the M&A market starts to show more signs of life. Microsoft Corp. confirmed that it’s in talks to buy the U.S. side of TikTok as the Chinese-owned social-media sensation comes under scrutiny by the Trump administration. (Tim Culpan writes that it could be “the deal of the decade.”) Germany’s Siemens Healthineers AG struck a $16.4 billion deal to acquire Varian Medical Systems Inc., a Palo Alto, California-based maker of cancer-radiation treatments, with the expectation that demand for medical procedures put off by Covid will return. Private equity firms Blackstone Group Inc. and Global Infrastructure Partners are also considering a joint bid for Kansas City Southern, a railroad operator that links Mexico and the U.S. Midwest, in what would amount to a Warren Buffett-esque bet on the U.S. economy.Gone may be the days of a handshake sealing a deal, and M&A volume globally is still down 47% this year at just $1.1 trillion. But the pandemic hasn’t altered the reasons for pursuing transactions. Interest rates remain low amid a global recession triggered by virus fears, and a lack of organic growth continues to point to consolidation across industries. As companies become more comfortable with remote work, they may embrace technology for dealmaking, too.“The bankers are road warriors, but I think they’re learning quickly that they can get a lot more done this way,” Derek Koecher, Verizon’s vice president of strategy and development, said in a June interview conducted over the BlueJeans videoconferencing software. The wireless carrier acquired BlueJeans for $400 million in April to add to its offerings for business customers.While Verizon and BlueJeans executives were able to start their negotiations in person in pre-Covid times, once the pandemic hit they were forced to become their own guinea pigs. “That time that you get with the management team — the dinners, the drop-bys, the ‘Hey, I need to come out and see you, let’s have breakfast’ – were completely gone,” Koecher said. “One thing you worry about is culture. Are you going to have the right cultural fit with people you didn’t spend a lot of face-to-face time with? We used the platform to get that management time and intimacy. It was an experiment, and it proved to be quite successful.” No travel delays, and meetings were easier to schedule. There’s also a benefit to being able to literally peer into the other person’s background on screen, a window into their life outside the formal conference-room setting, he said. Goldman says its app will show how a business stacks up against various revenue and profit metrics, as well as environmental, social and governance standards. (By the way, the Bloomberg terminal can do a lot of that, too. Bloomberg LP is the parent of Bloomberg News and Bloomberg Opinion.) That may help CEOs spot vulnerabilities and merger or spinoff opportunities before activist investors come knocking.(2) With some inspiration from social-media tools, dealmaking lives on in the Covid era. Maybe even the swipe — the cultural touchstone of millennial dating that’s led to plenty of marriages — could broker mergers next. (1) There has already been a substantial uptick in the adoption of poison-pill defenses this year.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Do Railroad Takeovers Only Happen in Crises?
- (Bloomberg Opinion) -- The time may finally be right for another big railroad deal. All it took was another economic downdraft.Private equity firms Blackstone Group Inc. and Global Infrastructure Partners are reportedly weighing a joint bid for Kansas City Southern that would value the railroad at about $21 billion including debt. Any takeover would also add to an aggressive flurry of dealmaking over the past few days after a pandemic-inspired lull. Siemens Healthineers AG agreed to buy U.S. radiotherapy company Varian Medical Systems Inc. for about $16 billion, while 7-Eleven owner Seven & i Holdings Co. is paying $21 billion for Marathon Petroleum Corp.’s Speedway gas stations. Waiting in the wings is a potential takeover of the popular video-sharing app TikTok and a Nvidia Corp. buyout of SoftBank Group Corp.’s Arm Ltd. chip-designing business. The sudden rash of dealmaking suggests buyers with supple balance sheets are getting more comfortable with the trajectory of an eventual recovery from the coronavirus pandemic, even as cases surge again.It’s notable that railroads may be included in this latest deal frenzy. There hasn’t been a major takeover of a North American railroad since Warren Buffett’s Berkshire Hathaway Inc. struck a $36 billion deal for Burlington Northern Santa Fe in 2009. There were attempts by Canadian Pacific Railway Ltd. under the leadership of legendary railroader Hunter Harrison to seek a merger first with CSX Corp. in 2014 and then Norfolk Southern Corp. in 2015, but the carrier was rebuffed each time amid antitrust concerns. The failed talks showed the hurdles for any merger between the largest North American train operators after a wave of dealmaking in the late 1990s consolidated the industry into effectively seven main players, of which Kansas City Southern is the smallest and one of the few with major infrastructure in Mexico. As Buffett proved, though, a private investor is a different story. The irony may be that Harrison, a big believer in the benefits of consolidation who died in 2017, may have done more to prolong the lull in railroad dealmaking than bring it back. Before his death, Harrison served a brief term as CEO of CSX. His tenure there was tumultuous and he managed to ruffle quite a few feathers, but in the end, he was able to prove to both investors and his fellow railroad CEOs that his signature “precision-scheduled railroading” — a strategy for reducing the capital, cars and people needed to run trains efficiently — could work for U.S. carriers.Analysts had previous contended the U.S. railroads’ circuitous lines across mountainous terrain would make it more difficult for them to reach the levels of profitability that Harrison had produced at Canadian Pacific and at Canadian National Railway Co. before that. Posthumously, nearly all of his rivals — from Union Pacific Corp. to Norfolk Southern and, yes, Kansas City Southern— have adopted some form of precision-scheduled railroading. Burlington Northern is the only odd man out. The problem with this for would-be buyers of railroads is that this push for efficiency has increased both the profit margins and the stock prices of said railroads. Before news of the potential private equity approach on Friday, Kansas City Southern was actually up about 2% for the year, compared with a nearly 12% slide for the S&P 500 Industrial Index and a virtually flat performance for the broader benchmark. The reported $21 billion price tag would value Kansas City Southern at a premium to its all-time high set in February and Bloomberg Intelligence analysts warn even that may not be high enough. To justify a deal at these levels, the private equity buyers would have to be able to argue that the full scale of profit improvements under precision-scheduled railroading isn’t fully appreciated by the public markets. It’s hard to see how they do that. In January, before the worst of the pandemic, Kansas City Southern had predicted it would meet its 2021 goal of bringing its operating ratio — a measure of profitability where a lower number is better — down to the range of 60% to 61% a year early. The pandemic obviously undermined those plans. But even amid the sharp slump in volumes that’s ensued over the intervening months, Kansas City Southern in July raised its target for estimated cost savings this year to $95 million, excluding benefits from labor cuts and lease negotiations. That’s up from $61 million. After the rally on the deal news, the company trades at about 22 times estimated 2021 earnings, above the valuation commanded by other railroads that are further along in the process of precision-scheduled railroading.This makes any transaction more of a bet on the future of trade between the U.S. and Mexico and a push to relocate manufacturing away from China. It’s a decent wager given the recent resurgence of interest among U.S. industrial companies to consider factories a bit closer to home. The caveat to that is Mexico’s more volatile regulatory and political environment. Amidst the pandemic, many manufacturers complained of a harsher approach to factory lockdowns across the border than in the U.S., a sign that the potential for supply-chain disruptions lingers even with the recently signed United States-Mexico-Canada trade agreement. I’m reminded of an interview with Harrison that I participated in at Bloomberg headquarters in 2015: “I don’t like Kansas City Southern because of the Mexico play,” he said. “I don’t like Mexico. I like to play in an arena where I know the rules, and I understand what might happen. That’s crazy down there.” This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Kansas City Southern Steams Ahead Amid Buyout Chatter
- Here's why Kansas City Southern stock fast-tracked higher Friday. Trade the stock and other railroad operators with these ideas.
- 08/03/2020
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Kansas City Southern's stock extends rally after J.P. Morgan upgrade, as report of buyout sets a price 'floor'
- Shares of Kansas City Southern undefined rose 1.3% in premarket trading Monday, adding to Friday's 9.7% surge, after J.P. Morgan analyst Brian Ossenbeck...
- 08/03/2020
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Kansas City Southern's stock extends rally after J.P. Morgan upgrade, as report of buyout sets a price 'floor'
- Shares of Kansas City Southern rose 1.3% in premarket trading Monday, adding to Friday's 9.7% surge, after J.P. Morgan analyst Brian Ossenbeck backed away from his bearish stance on the railroad operator, saying a report of a potential buyout bid has likely established a "floor" to the stock. Ossenbeck raised his rating to neutral, after being at underweight since April 9, while raising his stock price target to $169 from $142. The stock shot up to a five-month high on Friday after The Wall Street Journal reported that Blackstone Group Inc.'s infrastructure arm and Global Infrastructure Partners were together exploring a deal that could be worth more than $21 billion to buy Kansas City Southern (KSU). The company's market capitalization at Friday's stock closing price was $16.33 billion. "The potential bid providing a near term floor under KSU that outweighs our concerns over Mexico exposure is a key driver in our upgrade to neutral," Ossenbeck wrote in a note to clients. "In addition, the relative risk of COVID-19 in Mexico vs. the U.S. has diminished compared to early April when we downgraded to Underweight, while operational efficiencies have also proven sufficient to offset Mexico energy reform revenue falling below our expectations." The stock has gained 12.2% year to date through Friday, while the Dow Jones Transportation Average has lost 8.3% and the Dow Jones Industrial Average has declined 7.4%.
- 08/03/2020
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Monthly Market Wrap: Solid July Rally Could Lead To Rocky August Risks
- Stocks Analysis by Investing.com (Charley Blaine/Investing.com) covering: Nasdaq 100, XAU/USD, XAG/USD, S&P 500. Read Investing.com (Charley Blaine/Investing.com)'s latest article on Investing.com
- 08/03/2020
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Kansas City Southern (NYSE:KSU) Stake Increased by CIBC Asset Management Inc
- CIBC Asset Management Inc grew its holdings in Kansas City Southern (NYSE:KSU) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,600 shares of the transportation company’s stock after purchasing an additional 598 shares during the period. CIBC Asset Management […]
- 08/01/2020
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Nissay Asset Management Corp Japan ADV Buys 215 Shares of Kansas City Southern (NYSE:KSU)
- Nissay Asset Management Corp Japan ADV lifted its stake in shares of Kansas City Southern (NYSE:KSU) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,846 shares of the transportation company’s stock after purchasing an additional 215 shares during the quarter. Nissay […]
- 08/01/2020
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Buyout Firms Discuss Bid For Kansas City Southern -- WSJ | MarketScreener
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US STOCKS-Nasdaq surges on megacap earnings but U.S. fiscal uncertainty nags
- The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. Apple Inc shares surged 10.5% to close at a record $425.04 in the wake of blowout quarterly results and a four-for-one stock split announcement. Google parent Alphabet Inc fell 3.3% though, the biggest drag on the S&P 500 and Nasdaq, as it posted the first quarterly sales dip in its 16 years as a public company.
- 07/31/2020
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WSJ News Exclusive | Private-Equity Firms Discuss Bid for Kansas City Southern
- A group of big buyout investors is considering a takeover bid for railroad operator Kansas City Southern that could be worth more than $21 billion and mark a big bet on U.S.-Mexico trade.
- 07/31/2020
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Private equity firms considering takeover bid for Kansas City Southern - WSJ
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Private-Equity Firms Discuss Bid for Kansas City Southern -- Update | MarketScreener
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Private-Equity Firms Discuss Bid for Kansas City Southern | MarketScreener
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Stock market live Friday: Nasdaq jumps 1.5%, Gold tops $2,000 for first time, Apple record high
- Stocks ended July on a high note as Big Tech fueled gains for the major averages.
- 07/31/2020
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Kansas City Southern (NYSE:KSU) Shares Bought by Dupont Capital Management Corp
- Dupont Capital Management Corp raised its position in Kansas City Southern (NYSE:KSU) by 952.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,187 shares of the transportation company’s stock after buying an additional 21,888 shares during the period. Dupont Capital Management […]
- 07/27/2020
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5 Dogcatcher Buys For July Revealed By Barron's Mid-Year Roundtable Experts
- Barron's Weekly, convened a Mid-Year Roundtable of 10 experts in early July. Data updated 7/23/20 showed 24 of the 37 expert recommendations paid dividends.
- 07/27/2020
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Rising Risk? Here's What You Can Buy
- Volatility caused by dismal economic data creates opportunities. Our overbought reading is heating up, suggesting you proactively pick entry points.
- 07/24/2020
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3 Reasons to Buy Kansas City Southern Stock Right Now
- On the one hand, the COVID-19 pandemic has obviously hit their end markets very hard. On the other hand, there's evidence that the long-term earnings outlook is actually improving, especially for Kansas City Southern (NYSE: KSU). The second quarter was always going to be a horrible one for Kansas City Southern.
- 07/24/2020
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La industria automotriz impulsa la recuperación de carga en ferrocarril: KCSM • Forbes México
- Forbes México habló con José Guillermo Zozaya, a unos días de dejar su puesto como presidente de la empresa.
- 07/22/2020
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Buy Kansas City Southern On Dips
- Kansas City Southern had a tough second quarter but managed to beat estimates due to impressive operational efficiency gains.
- 07/22/2020
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Members of KCS’ Executive and Senior Team to Participate in Precision Scheduled Railroading Deep Dive Webcast, Followed by Q&A with Citi Transportation Analyst Chris Wetherbee
- Kansas City Southern (KCS) (NYSE: KSU) executive and senior leadership will participate in a 90-minute webcast featuring an in-depth discussion of its Precision Scheduled Railroading (PSR) implementation and opportunity. The discussion will be led by Executive Vice President PSR Sameh Fahmy and will focus on KCS’ PSR initiatives, including network operations, service design, equipment utilization, fuel, mechanical and engineering. Following the presentation, Citi Transportation Analyst Chris Wetherbee will facilitate a question and answer session.
- 07/21/2020
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Kansas City Southern (KSU) Q2 2020 Earnings Call Transcript | AlphaStreet
- Kansas City Southern (NYSE: KSU) Q2 2020 earnings call dated July 17, 2020 Corporate Participants: Ashley Thorne -- Vice President of Investor Relations Patrick J. Ottensmeyer -- President and Chief E
- 07/20/2020
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Raymond James Trust N.A. Has $1.40 Million Position in Kansas City Southern (NYSE:KSU)
- Raymond James Trust N.A. increased its holdings in shares of Kansas City Southern (NYSE:KSU) by 82.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,366 shares of the transportation company’s stock after purchasing an additional 4,219 shares during the period. Raymond James Trust N.A.’s holdings in Kansas City Southern were worth $1,398,000 as of […]
- 07/18/2020
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Kansas City Southern (KSU) Q2 2020 Earnings Call Transcript | The Motley Fool
- KSU earnings call for the period ending June 30, 2020.
- 07/17/2020
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Edited Transcript of KSU earnings conference call or presentation 17-Jul-20 12:45pm GMT
- Q2 2020 Kansas City Southern Earnings Call
- 07/17/2020
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Pandemic Weighs On Kansas City Southern's Second-Quarter Profits
- Kansas City Southern's (NYSE: KSU) second-quarter revenue dipped 23% amid a 21% drop in carload volumes.Revenue in the second quarter of 2020 totaled $547.9 million, down 23% from the same period in 2019 as demand slumped because of the coronavirus pandemic, the railroad said early Friday, July 17. Second-quarter net profit was $110.3 million, or $1.16 per diluted share, compared with $129.1 million, or $1.28 per diluted share, in the second quarter of 2019.Operating expenses were $367.5 million in the second quarter, compared with $506 million a year ago. Meanwhile, operating income was $180.4 million, compared with $208 million last year.Kansas City Southern's (KCS) operating ratio was 67.1% in the second quarter, compared with 70.9% for the same period in 2019. Operating ratio is a metric that can be used to gauge the financial health of a company. KCS calculates operating ratio by dividing operating expenses by revenue.(Kansas City Southern)Lower revenue among all of KCS' segments led to second-quarter revenue of $547.9 million, compared with $714 million in the second quarter of 2019.(Kansas City Southern)KCS declined to provide guidance on revenue, volume, operating ratio or earnings per share given the economic uncertainty brought about by the global COVID-19 pandemic. The railroad said its capital expenditures guidance for 2020 remains at $425 million or below, while guidance for 2021 and 2022 capital expenditures remains at around 17% of revenue.KCS expects free cash flow in 2020 to total around $500 million. "Kansas City Southern demonstrated excellent execution during an extremely challenging quarter," stated KCS President and CEO Pat Ottensmeyer. "Our network experienced a rapid decline in volumes followed by an unprecedented rebound, forcing us to quickly adjust our service model to match customer demand while optimizing our cost structure.He continued, "Precision scheduled railroading is producing sustainable improvements to customer service and operations, and has been a key contributor to the company's strong cost performance this quarter."Click here for more FreightWaves articles by Joanna Marsh.Related articles:Kansas City Southern appoints new leaders, opines on USMCAKansas City Southern anticipates lower 2Q revenueKansas City Southern reports record quarterly revenueSee more from Benzinga * Major Severe Storm Outbreak Likely In Plains (With Forecast Video) * The Daily Dash: Heartland's Good Quarter; Focusing On Driver Health * Pilots Blame Atlas Air, FAA For 2019 Freighter Crash(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/17/2020
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KANSAS CITY SOUTHERN : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K) | MarketScreener
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Kansas City Southern's (KSU) Q2 Earnings Beat, Fall Y/Y
- Although Kansas City Southern (KSU) tops Q2 earnings estimates, coronavirus-induced volume softness weighs significantly on its performance.
- 07/17/2020
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P/E Ratio Insights for Kansas City Southern
- In the current session, Kansas City Southern Inc. (NYSE: KSU) is trading at $161.38, after a 1.84% spike. Over the past month, the stock increased by 11.86%, and in the past year, by 28.75%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 9.64%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of 13.48 in the Railroads industry, Kansas City Southern Inc. has a higher P/E ratio of 26.58. Shareholders might be inclined to think that Kansas City Southern Inc. might perform better than its industry group. It's also possible that the stock is overvalued.Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Kansas City Southern's Debt Overview * Recap: Kansas City Southern Q2 Earnings * Earnings Scheduled For July 17, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/17/2020
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Kansas City Southern (KSU) Q2 Earnings Top Estimates
- Kansas City Southern (KSU) delivered earnings and revenue surprises of 2.68% and -0.42%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/17/2020
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Kansas City Southern's Debt Overview
- Over the past three months, shares of Kansas City Southern Inc. (NYSE: KSU) increased by 18.31%. Before having a look at the importance of debt, let's look at how much debt Kansas City Southern has.Kansas City Southern's Debt According to the Kansas City Southern's most recent balance sheet as reported on April 17, 2020, total debt is at $3.24 billion, with $3.23 billion in long-term debt and $17.10 million in current debt. Adjusting for $91.00 million in cash-equivalents, the company has a net debt of $3.15 billion.Investors look at the debt-ratio to understand how much financial leverage a company has. Kansas City Southern has $9.77 billion in total assets, therefore making the debt-ratio 0.33. As a rule of thumb, a debt-ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 25% might be higher for one industry, whereas average for another.Why Debt Is Important Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.See more from Benzinga * Recap: Kansas City Southern Q2 Earnings * Earnings Scheduled For July 17, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/17/2020
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Recap: Kansas City Southern Q2 Earnings
- Shares of Kansas City Southern (NYSE:KSU) were flat in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share decreased 29.88% year over year to $1.15, which were in line with the estimate of $1.15.Revenue of $547,900,000 decreased by 23.26% from the same period last year, which missed the estimate of $564,220,000.Guidance Kansas City Southern hasn't issued any earnings guidance for the time being.Kansas City Southern hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Jul 17, 2020View more earnings on KSUTime: 08:45 AMET Webcast URL: https://78449.choruscall.com/dataconf/productusers/ksu/mediaframe/38461/indexr.htmlPrice Action 52-week high: $178.5952-week low: $92.86Price action over last quarter: Up 20.72%Company Overview Kansas City Southern, the smallest Class I railroad, derives about half of its $2.7 billion revenue on 3,400 miles of track in the Central and Southern United States. Remaining sales are produced by operating concessions on 3,300 miles of rail in Mexico and 47 miles of track adjacent to the Panama Canal. KCS' freight includes industrial and forest products (21% of total revenue), chemicals and petroleum (26%), agriculture and minerals (18%), intermodal (13%), energy (9%), and autos (9%); other revenue stems from switching, demurrage, and the like.See more from Benzinga * Earnings Scheduled For July 17, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/17/2020
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Kansas City Southern : Reports Second Quarter Results | MarketScreener
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Kansas City Southern Reports Second Quarter Results
- Kansas City Southern (KCS) (NYSE:KSU) reported revenues of $547.9 million, a decrease of 23% from second quarter 2019. Overall, carload volumes were down 21% compared to prior year.
- 07/17/2020
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Kansas City Southern (KSU) CEO Pat Ottensmeyer on Q2 2020 - Earnings Call Transcript
- Kansas City Southern (NYSE:KSU) Q2 2020 Earnings Conference Call July 17, 2020 08:45 AM ET Company Participants Ashley Thorne - Vice President, Investor Relations Pat Ottensmeyer - President & Chief Executive Officer Jeff Songer - Executive Vice President & Chief Operating Officer Sameh Fahmy - Executive Vice President, Precision Scheduled Railroading Mike Naatz - Executive Vice President & Chief Marketing Officer Mike Upchurch - Executive Vice President & Chief Financial Officer José Zozaya - President & Executive Representative, KCSM Conference Call Participants Allison Landry - Credit Suisse Jon Chappell - Evercore ISI Chris Wetherbee - Citi Justin Long - Stephens Allison Poliniak - Wells Fargo Scott Group - Wolfe Research David Ross - Stifel David Zazula - Barclays Brian Ossenbeck - JPMorgan Jason Seidl - Cowen Tom Wadewitz - UBS Ken Hoexter - Bank of America Merrill Lynch Bascome Majors - Susquehanna Ravi Shanker - Morgan Stanley Amit Mehrotra - Deutsche Bank Presentation Operator Good morning and welcome to the Kansas City Southern Second Quarter 2020 Earnings Conference Call.
- 07/17/2020
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Kansas City Southern 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Kansas City Southern in conjunction with their 2020 Q2 earnings call.
- 07/17/2020
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J.B. Hunt Earnings Top As Trucking Firms Signal Recovery
- J.B. Hunt beat views late Thursday after fellow trucker Heartland Express also topped. Both cited a volume recovery. J.B. Hunt stock edged higher late.
- 07/16/2020
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J.B. Hunt Rallies With Earnings On Tap As Trucker Heartland Signals Recovery
- J.B. Hunt reports after the close, after trucker Heartland Express beat and indicated a volume recovery. J.B. Hunt stock rose.
- 07/16/2020
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Cowboys' Dak Prescott to play 2020 season on one-year deal after stalemate
- Dak Prescott will play the 2020 season under the one-year franchise tag after the Cowboys and their star quarterback couldn’t agree on a long-term deal
- 07/16/2020
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5 Profitable Companies With a Margin of Safety
- Comcast makes the list Continue reading...
- 07/13/2020
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Kansas City Southern Is on the Right Track
- Kansas City Southern looks like it's ready to leave the station for higher prices in the weeks and months ahead. In this daily bar chart of KSU, below, we can see that prices have been forming a possible triangle pattern since the middle of May. Prices have been testing the rising 50-day moving average line since the middle of June. The daily On-Balance-Volume (OBV) line bottomed in March and shows a rise into early June followed by sideways movement.
- 07/13/2020
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What's in Store for Kansas City Southern' (KSU) Q2 Earnings?
- Low volume at key divisions is likely to reflect on Kansas City Southern's (KSU) Q2 results.
- 07/13/2020
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3 Catalysts To Take S&P 500 Lower: Biden Veep, Tesla, Next Stimulus Bill
- The higher we get, the more concerned I get for the overall health of the trading environment. For the S&P 500, 3,233 is the high-water mark.
- 07/12/2020
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Earnings season kicks off with big banks, Netflix: What to know in the week ahead
- Market participants are bracing for the start of what will likely be the weakest corporate earnings season since the global financial crisis, as the coronavirus pandemic and measures to contain it hit business activity especially hard in the second quarter.
- 07/12/2020
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Analysts Estimate Kansas City Southern (KSU) to Report a Decline in Earnings: What to Look Out for
- Kansas City Southern (KSU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/10/2020
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Were Hedge Funds Right About Piling Into Kansas City Southern (KSU)?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 07/08/2020
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Oil Price Effect On Industrials
- Oil prices (WTI) vs. companies exposed to industrial sectors in the US provide a good example of the impact of market psychology.
- 07/08/2020
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U.S. Railroad Traffic Improves in June: 3 Stocks in Focus
- U.S. railroad companies are seeing gradual improvement in volumes following the lows witnessed in April.
- 07/07/2020
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Kansas City Southern Appoints New Leaders, Opines On USMCA
- Kansas City Southern (NYSE: KSU) has made some leadership changes amid the continued deployment of precision scheduled railroading (PSR) and the passage of the trade agreement between the U.S., Mexico and Canada.KCSM To Install New President As Current One Prepares To RetireLast week, the railroad said Dr. Jose Guillermo Zozaya Delano, president, general manager and executive representative for Kansas City Southern de Mexico (KCSM), will be retiring effective August 1.Vice president and director general Oscar Augusto Del Cueto Cuevas will assume the role after Zozaya retires.Zozaya has been with the company since 2006, serving as a senior officer of KCSM for 14 years, KCS said. Prior to KCMS, he served as ExxonMobil Mexico's legal and government relations director for nine years. Outside of KCMS, Zozaya served as president of the Mexican Railway Association and president of the binational board of directors for the US-Mexico Chamber of Commerce, among many other professional and civic associations, His career has spanned nearly 50 years in government relations, legal affairs and international affairs, and mergers and acquisitions. "Words cannot adequately describe Dr. Zozaya's contribution to KCSM over these past 14 years," said KCS president and chief executive officer Patrick J. Ottensmeyer. "His leadership has positioned KCSM as a substantial and influential force in the economy and in the social fabric throughout our network in Mexico. We are very fortunate to have had Jose lead us through many changes and challenges over the years, and we are delighted that he will be available as an advisor to Oscar Del Cueto as we work through this important transition."Del Cueto, KCSM's incoming president, has nearly 30 years of rail industry experience, serving in roles related to institutional relations, communications, operations, planning and logistics. He joined KCSM predecessor TFM in 1997.He serves as a member of the board of directors for Ferrovalle and a member of the Mexican Council of Foreign Trade of the Northeast. He was also president of the Operations and Safety Committee of the Mexican Association of Railroads for six years."Oscar has demonstrated extraordinary leadership in his more than 20 years at KCSM and its predecessor TFM," Ottensmeyer said. "Arguably, Oscar has been preparing for this job for many years as he has pursued a path with many different experiences. His deep understanding of our rail network, operations, customers and the communities we serve will serve the company well as we make this very important transition in the leadership of KCSM."KCS Makes Leadership Changes "In Support" Of PSRThe railroad also announced last week that it made several organizational changes designed to support KCS' PSR efforts. These changes became effective July 1.Mike Walczak will lead service design, car management, fuel management and treasury and tax in a newly created role aimed at furthering the execution of the railroad's PSR strategy. Walczak will report to Chief Financial Officer Mike Upchurch. Walczak was most recently vice president of mechanical operations.David Selby will lead KCS' mechanical organization as KCS "right-sizes its equipment fleet, increases staff productivity, minimizes failures and train delays and invests in new technologies to improve the reliability of company assets," the railroad announced. Selby previously served as vice president of intermodal and automotive operations. Olivia Daily, who has served as assistant vice president of service design, will take the role of vice president of purchasing. She will replace Bill Blaise, the current vice president, who will be retiring effective September 1. Blaise, who has been with KCS since 2007, will assist in the transition. "Kansas City Southern is focused on providing consistent and reliable service, building a more resilient and dependable network, facilitating industry-leading growth, and continuing to improve asset utilization and our cost structure," Ottensmeyer said. "These organizational changes will help us build on the significant train and crew efficiency gains made during the COVID-19 pandemic."KCS CEO Urges More Coordinated Policy Efforts With Mexico And CanadaAgainst the backdrop of the COVID-19 pandemic and the new U.S.-Mexico-Canada Agreement (USMCA) for trade, Ottensmeyer urged better coordination in policy between the U.S., Canada and Mexico in a July 1 op-ed in the Dallas Morning News.KCS has been eyeing opportunities in Mexico that have opened up as a result of the country's 2013 energy reform. Mexico is also a key partner in the supply chain for automobiles, grain and intermodal. "There are certainly challenges to capitalizing on this opportunity and realizing the maximum benefits for the U.S. and North America. Speaking more specifically on issues relating to the U.S. and Mexico, with which I am more deeply involved, the lack of coordination on health guidelines in response to the pandemic caused existing, well-established North American supply chains to struggle. As our economies began to reopen, many businesses were unable to bring employees back to work because they were not deemed ‘essential' by governing authorities," Ottensmeyer said.He continued, "In order to completely capitalize on this new North American moment and realize the full benefits afforded by USMCA, government leaders should commit to establishing a framework that will facilitate better coordination of issues and policies on an ongoing basis. Ideally, such a framework would also include private sector leadership so that, unlike NAFTA [the North American Free Trade Agreement, which was the predecessor of USMCA], there is dynamic exchange of ideas and alignment of policies to keep USMCA current and relevant as economies, technologies and societies evolve in ways that we cannot even imagine today. Again, unlike NAFTA, USMCA includes a sunset provision that requires that it be refreshed and renewed in the future."The full editorial is available here.KCS will report its second-quarter financial results on July 17.Click here for more FreightWaves articles by Joanna Marsh.For related articles:Kansas City Southern anticipates lower 2Q revenueKansas City Southern eyes cost control measuresKansas City Southern reports record quarterly revenueKansas City Southern eyes energy opportunities in MexicoSee more from Benzinga * EKA Solutions Introduces Predictive Visibility Solution * Career Tracks: Shipbuilders Honor Maritime Leaders * Q&A;: U.S. Container Chassis Industry Still Finding Itself(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/06/2020
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Southern Railway sets up business development unit to shore up freight volume, revenue
- The Southern Railway BDU committee will initiate steps to attract new streams of traffic duly interacting with trade and industry at frequent intervals, to understand the existing pattern of goods transportation and explore the possibility of attracting additional freight traffic to railways.
- 07/06/2020
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Kansas City Southern Announces Organizational Changes Focused on Precision Scheduled Railroading Strategy | | IT Business Net
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced several organizational changes effective July 1 designed to further support the company's ongoing Precision Sch
- 07/01/2020
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Kansas City Southern Announces Organizational Changes Focused on Precision Scheduled Railroading Strategy
- Kansas City Southern (KCS) (NYSE: KSU) announced several organizational changes effective July 1 designed to further support the company’s ongoing Precision Scheduled Railroading (PSR) strategy and provide development opportunities for several KCS leaders.
- 07/01/2020
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Kansas City Southern Announces Retirement of Kansas City Southern de Mexico President, General Manager and Executive Representative Dr. Jose Guillermo Zozaya Delano; Oscar Augusto Del Cueto to Assume Duties August 1, 2020
- Kansas City Southern (KCS) (NYSE: KSU) today announced that Kansas City Southern de Mexico, S.A. de C.V. (KCSM) president, general manager and executive representative Dr. Jose Guillermo Zozaya Delano will retire as of August 1, 2020. Dr. Zozaya will be succeeded by vice president and director general Oscar Augusto Del Cueto Cuevas.
- 07/01/2020
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3 Big Things Today, July 1, 2020
- Soybean futures and corn futures were higher overnight after the USDA acreage report.
- 07/01/2020
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Southern Railway to install high quality thermal scanners, contact-less cameras
- At least 11 stations have been chosen for the initial roll out of the scanners to detect people running fever.The contact less cameras would help the officials check the tickets on a monitor as the travellers enter the stations
- 07/01/2020
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Kansas City Southern Announces Retirement of Kansas City Southern de Mexico President, General Manager and Executive Representative Dr. Jose Guillermo Zozaya Delano; Oscar Augusto Del Cueto to Assume Duties August 1, 2020
- Kansas City Southern (KCS) (NYSE: KSU) today announced that Kansas City Southern de Mexico, S.A. de C.V. (KCSM) president, general manager and executi
- 07/01/2020
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KCS Releases “For the Long Haul” Sustainability Report - 2019 Sustainability Data Update
- KCS Releases “For the Long Haul” Sustainability Report - 2019 Sustainability Data Update | STL.News | Read business news at STL.News
- 06/30/2020
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KCS Releases "For the Long Haul" Sustainability Report - 2019 Sustainability Data Update
- Kansas City Southern (KCS) (NYSE: KSU) has released a 2019 sustainability data update to its 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.
- 06/30/2020
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Covid-19 in Tamil Nadu: Higher Education minister tests positive; state tally crosses 90,000
- The number of legislators in Tamil Nadu who have tested positive for the virus has risen to six, with four DMK MLAs, one AIADMK MLA and now, one AIADMK minister testing positive for Covid-19.
- 06/30/2020
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Southern Railway to install high quality thermal scanners to screen passengers
- While the thermal scanners will screen passengers for fever, one of the symptoms of COVID-19, the contact less cameras would help the officials check the tickets on a monitor as the travellers enter the stations, they said. At least 11 stations -- nine in Kerala and one each in Karnataka and Tamil Nadu under the Palakkad and Trivandrum divisions -- have been chosen for the initial roll out of the to scanners to detect people running fever.
- 06/30/2020
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3 Big Things Today, June 30, 2020
- Soybean futures and corn futures were little changed overnight.
- 06/30/2020
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KCS Releases “For the Long Haul” Sustainability Report - 2019 Sustainability Data Update
- Kansas City Southern (KCS) (NYSE: KSU) has released a 2019 sustainability data update to its sustainability report, “For the Long Haul: Delivering Pro
- 06/30/2020
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Special trains in Tamil Nadu cancelled from June 29 till July 15 amid rising COVID-19 cases
- Tamil Nadu is the third worst-hit across India after Maharashtra and Delhi.
- 06/29/2020
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Guggenheim Capital LLC Boosts Stock Position in Kansas City Southern (NYSE:KSU)
- Guggenheim Capital LLC grew its holdings in Kansas City Southern (NYSE:KSU) by 31.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,818 shares of the transportation company’s stock after buying an additional 13,192 shares during the quarter. Guggenheim Capital LLC owned 0.06% […]
- 06/28/2020
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How Indian Railways is working on increasing speed of trains
- Indian Railways focused on several long pending overdue maintenance works which required traffic block of long durations.Indian Railways planned during lockdown period and took up the execution of work without affecting the train service
- 06/28/2020
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200 Railway Maintenance Projects completed during COVID-19 lockdown period
- Pending for several years, these unfinished projects often confronted Indian Railways as bottlenecks.
- 06/27/2020
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McClain: Three Texans to watch in 2020
- Jordan Akins, Lonnie Johnson Jr. and Charles Omenihu could be in line for breakout seasons.
- 06/27/2020
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Stocks To Watch: Fireworks For Nikola, Tesla And Micron
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 06/27/2020
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Kansas City Southern Stock Down 4.9% in a Month: Here's Why
- Kansas City Southern (KSU) is seeking to cut costs to combat decline in revenues.
- 06/26/2020
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How Cleveland Indians pitchers match up against Royals hitters: AL Central preview 2020
- Mike Clevinger and Zach Plesac lead the way among Cleveland Indians pitchers when facing division rival Kansas City.
- 06/25/2020
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Volume Woes Likely to Hamper Railroads' Q2 Results: Here's Why
- Railroads bear the brunt of coronavirus-induced supply-chain disruptions. However, their cost-controlling efforts are impressive.
- 06/25/2020
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COVID-19 in Tamil Nadu: Iruttu Kadai halwa owner tests positive, ‘ends life’; state sees spike, with 3,509 cases
- The state's Covid-19 tally is now 70,977. Chennai has reported 1,834 positive cases, bringing the city's total to 47,640.
- 06/25/2020
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Deficit Gap Narrows For Weekly US Rail Volumes
- U.S. rail traffic on a weekly basis is still lower than the same period in 2019, although that gap is narrowing, particularly for intermodal volumes.U.S. rail volumes for the week ending June 20 totaled 457,278 carloads and intermodal units, a 12.9% decline from the same period in 2019 and a 1.8% increase from the week ending June 13, according to the Association of American Railroads.Of that total, weekly intermodal traffic consisted of 255,455 intermodal containers, a 4.4% decrease from the same period in 2019 and a 1.8% increase sequentially. Meanwhile, weekly carload volumes slipped 21.8% to 201,823 although they rose 1.7% sequentially.U.S. weekly carload volumes are still significantly lower amid: a 33.5% decline in coal carloads; a 36.1% decrease in metallic ores and metals carloads; a 33.2% drop in petroleum and petroleum products carloads; and a 24% dip in carloads for motor vehicles and parts. A comparison of coal carloads (blue), metallic ores and metals carloads (green), motor vehicles and parts carloads (orange) and petroleum and petroleum products carloads (purple) over the past year. (SONAR, using AAR data) U.S rail volumes over the past year, as expressed in carloads (RTOTC.USA, blue line), intermodal trailers (RTOIT.CLASSI, orange line) and containers (RTOIC.CLASSI, green line). (SONAR)The sharp decline in rail volumes for certain commodities in April due to the coronavirus pandemic affirms the data in the Federal Reserve's industrial production index, a monthly measure of the output of commodities within the industrial sector. The index, which uses 2012 as a base year with a value of 100, shows how capacity and capacity utilization fell in April for commodities such as motor vehicles and parts. A SONAR chart graphing the Federal Reserve's industrial production index shows a pronounced dip in April for the production of motor vehicles and parts (green), lesser declines for manufacturing production (purple) and plastics and rubber production (yellow) and petroleum and coal (blue), and a relatively flat production for paper products (orange). (SONAR)"Total industrial production increased 1.4% in May, as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4% below its pre-pandemic level in February," the Federal Reserve said on June 16. "Manufacturing output – which fell sharply in March and April – rose 3.8% in May; most major industries posted increases, with the largest gain registered by motor vehicles and parts."A sneak peak into the second quarter?Earlier this week, Kansas City Southern (NYSE: KSU) said it estimates that its second-quarter 2020 revenue could be around $550 million as rail volumes took a hit from the COVID-19 pandemic in April and May. In comparison, second-quarter revenue in 2019 totaled $714 million, while first-quarter 2020 revenue was $731.7 million.In a filing to the U.S. Securities and Exchange Commission, Kansas City Southern (KCS) said that automotive plant outages impacted the quarter-to-date revenue of its automotives business unit, although it is seeing sequential improvement in June as plants reopen and slowly ramp up production. KCS also said its energy business unit is under pressure from low natural gas prices denting utility coal volumes and low crude oil prices weakening crude and frac sand volumes.But its chemicals and petroleum business unit is seeing June month-to-date refined products revenue and volumes rise year-over-year despite reduced demand at the beginning of the quarter because of sheltering in place orders. Grain volumes have also picked up slightly in June amid strong shipments of food products, KCS said.See more from Benzinga * Kansas City Southern Anticipates Lower Q2 Revenue * Class 1 Railroads To Retain Cost-Cutting Measures * Rail Pins Hopes On Auto Manufacturing As US Carloads Sustain Record Decline(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/25/2020
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Thursday’s analyst upgrades and downgrades
- Inside the Market’s roundup of some of today’s key analyst actions
- 06/25/2020
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CANADIAN PACIFIC RAILWAY LIMITED : Détachement de dividende | Zone bourse
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North American Rail Traffic Fell 12.7% in Week Ended June 20 | MarketScreener
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Analysts' Opinions Are Mixed on These Services Stocks: Cardinal Health (NYSE: CAH) and Kansas City Southern (NYSE: KSU) - Markets
- Analysts have been eager to weigh in on the Services sector with new ratings on Cardinal Health (CAH – Research
- 06/24/2020
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Kansas City Southern Revenues Down 24% QTD Amid Challenges
- Kansas City Southern's (KSU) volumes and revenues decline 23% and 24% respectively quarter to date, thanks to coronavirus woes. The company estimates revenues of approximately $550 million in Q2.
- 06/24/2020
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3 Big Things Today, June 24, 2020
- Soybean futures were little changed while corn futures were slightly higher overnight.
- 06/24/2020
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Kansas City Southern Anticipates Lower Q2 Revenue
- Kansas City Southern (NYSE: KSU) is bracing for lower revenues in the second quarter amid sharply lower rail volumes due to the coronavirus pandemic.The railroad estimates that second-quarter revenue could be $550 million, according to a Tuesday filing to the U.S. Securities and Exchange Commission (SEC). The second quarter ends on June 30.In comparison, second-quarter revenue in 2019 totaled $714 million, while first-quarter 2020 revenue was $731.7 million.Kansas City Southern (KCS) also expects interest expenses for the second quarter of 2020 to be around $38 million, compared with $28 million in the second quarter of 2019 and $34.2 million in the first quarter of 2020.KCS will report its second-quarter earnings on July 17.To lower general and administrative staffing costs in the first half of the year, the railroad made travel and consulting restrictions and limited the backfills of open positions, according to the SEC filing. In the second half of the year, KCS will offer a voluntary separation plan, and it plans to reduce senior leadership salaries.Although second-quarter-to-date volumes through last Sunday are down by about 23% and revenue is off by around 24%, "volumes are improving," KCS said. Carloads have grown by 31% since they bottomed out in early May, although total carloads are 8% below levels seen before the COVID-19 pandemic, the railroad said.The railroad's efforts to address costs via precision scheduled railroading have also helped KCS achieve record average train length and absorb new volume with minimal new train and crew starts, KCS said. KCS is targeting about $500 million-plus of free cash flow in 2020, it said. According to data that KCS submitted to the Surface Transportation Board, KCS employed 2,739 workers in May, compared with 2,954 workers in April 2020 and 3,032 workers in May 2019.Click here for more FreightWaves articles by Joanna Marsh.See more from Benzinga * Rejections And Volumes Surging * ATRI Study Reveals Nuclear Verdicts On The Rise * Highway-Rail Grade Crossings Get Attention In Infrastructure Bill(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/23/2020
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Coronavirus update: U.S. case tally surging with more than half the states trending up as death toll tops 120,000
- New coronavirus cases are showing an alarming increase in the U.S., with more than half the states reporting numbers that are trending higher as the death toll topped 120,000, while President Donald Trump doubled down on his logic that the increases are just a result of more testing.
- 06/23/2020
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Ozark's Laura Linney teases huge career move on Netflix series 'Never say never'
- OZARK fan-favourite Wendy Byrde has been played on-screen by Laura Linney ever since the Netflix series pilot. But could the Emmy-winner be ready for a career behind the camera?
- 06/23/2020
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Kansas City Southern volumes are 'improving' off of early-May bottom; stock gains
- Shares of Kansas City Southern rose 1% in premarket trading Tuesday, after the railroad operator said at an investor presentation that while the second quarter has been "challenging" as a result of the COVID-19 pandemic, volumes have been "improving." The company said carloads have improved by 31% since bottoming in early May, but they remain 8% below pre-COVID-19 levels. For the second quarter to date, volume has declined 23% from a year ago and revenue has been down 24%, with revenue "pacing" to about $550 million for the quarter, compared with the current FactSet consensus of $584 million implies an 18% decline. The company said it was targeting free cash flow of more than $550 million in 2020, compared with the FactSet consensus of $530 million. Meanwhile, the company said "service plan optimization" was resulting in crew start reductions ahead of volume declines, as so far in June U.S. line road crew starts are down 31% from a year ago on a 9% drop in volume. The stock has rallied 44.8% over the past three months through Monday, while the Dow Jones Transportation Average has hiked up 35.2% and the Dow Jones Industrial Average has climbed 40.0%.
- 06/23/2020
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Ozark spoilers: Ben's fate foreshadowed in key T-shirt clue - did you spot it?
- OZARK fans were left distraught when season three came to a close and the fate of Ben Davis was confirmed. But should Netflix viewers have been expecting the shock twist after a key clue?
- 06/20/2020
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Stocks To Watch: Nike, Apple, Ford And Stressed Banks
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 06/20/2020
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KCS Announces Second Quarter 2020 Earnings Release and Conference Call Time
- Kansas City Southern (KCS) (NYSE:KSU) will release its second quarter 2020 financial results on Friday, July 17, 2020, before the opening of trading on the New York Stock Exchange.
- 06/18/2020
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KCS Announces Second Quarter 2020 Earnings Release and Conference Call Time
- Kansas City Southern (KCS) (NYSE:KSU) will release its second quarter 2020 financial results on Friday, July 17, 2020, before the opening of trading o
- 06/18/2020
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Top Railroad Stocks for Q3 2020
- The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers.
- 06/17/2020
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These 4 Companies Will Be the Biggest Winners If Manufacturing Moves Back to the U.S. | The Motley Fool
- Automation, industrial software, industrial supply companies, and one key railroad are set to do well from reshoring.
- 06/16/2020
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Analysts Offer Insights on Services Companies: Wendy's (NASDAQ: WEN), Saia (NASDAQ: SAIA) and AMN Healthcare Services (NYSE: AMN) - Markets
- Companies in the Services sector have received a lot of coverage today as analysts weigh in on Wendy’s (WEN –
- 06/16/2020
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Monday Sports in Brief
- BASEBALL
NEW YORK (AP) — Baseball Commissioner Rob Manfred says there might be no major league games this year after a breakdown in talks between teams and the players’ union on how...
- 06/16/2020
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AP source: 49ers give Coach Kyle Shanahan new deal
- Shanahan led the 49ers to the Super Bowl in his third season on the job.
- 06/16/2020
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49ers give Kyle Shanahan new deal through 2025
- The San Francisco 49ers rewarded coach Kyle Shanahan with a new six-year contract Monday after he took the team to the Super Bowl in his third season at the helm.
The Niners are replacing the three years remaining on Shanahan's original six-year contract signed in 2017 to keep him under contract through 2025. ESPN first reported the new extension.
The 49ers won just 10 games in Shanahan's first two seasons in San Francisco before a breakthrough in 2019. The Niners went 13-3 in the regular season, with the nine-win improvement the biggest in one season in team history.
San Francisco earned the top seed in the NFC playoffs and then went to the franchise's first Super Bowl in seven years. The Niners blew a 10-point lead in the fourth quarter against Kansas City in that game and lost 31-20.
But the 40-year-old Shanahan has brought needed stability to the Niners who went through three coaches in the three seasons before his arrival. He and general manager John Lynch have worked well together and have overhauled the roster into one of the NFL's deepest.
Shanahan, the son of two-time Super Bowl champion coach Mike Shanahan, is also widely regarded as one of the best play-callers in the league. San Francisco ranked second in the NFL last season in scoring and fourth in total offense. The Niners' 29.9 points per game last season was the second best mark in team history.
Shanahan also been outspoken this offseason about the need to confront racism in the country and has called for more minority hiring in NFL coaching staffs and front offices.
The Niners have one of the NFL's most diverse staffs with about half of the assistants being either minorities or a woman. Defensive coordinator Robert Saleh is Arab-American, special teams coordinator Richard Hightower is black...
- 06/16/2020
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49ers give Kyle Shanahan new deal through 2025
- The San Francisco 49ers rewarded coach Kyle Shanahan with a new six-year contract Monday after he took the team to the Super Bowl in his third season at the helm.
The Niners are...
- 06/15/2020
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3 Big Things Today, June 15, 2020
- Corn futures and soybean futures were lower in overnight trading.
- 06/15/2020
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Kansas City Southern (NYSE:KSU) Shares Sold by M&T Bank Corp
- M&T Bank Corp decreased its holdings in Kansas City Southern (NYSE:KSU) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,206 shares of the transportation company’s stock after selling 1,638 shares during the quarter. M&T Bank Corp’s holdings […]
- 06/15/2020
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Kansas City Southern (NYSE:KSU) Short Interest Up 5.4% in May
- Kansas City Southern (NYSE:KSU) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totalling 2,130,000 shares, a growth of 5.4% from the May 14th total of 2,020,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average trading volume of […]
- 06/15/2020
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6 Industrial Stocks Boosting Earnings
- McGrath on the list Continue reading...
- 06/11/2020
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Shares of several industrials companies are trading lower with the overall market as coronavirus cases increase in some US states that have reopened, leading to concerns of a second wave of the virus.
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Members of KCS’ Executive Team to Participate in Webcast Presentation and Q&A with Cowen Transportation Analyst Jason Seidl
- Kansas City Southern (KCS) (NYSE: KSU) President and Chief Executive Officer Patrick J. Ottensmeyer, Executive Vice President and Chief Financial Officer Michael W. Upchurch, and Executive Vice President Precision Scheduled Railroading Sameh Fahmy, will present and conduct a question and answer session with Cowen Transportation Analyst Jason Seidl.
- 06/09/2020
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Members of KCS’ Executive Team to Participate in Webcast Presentation and Q&A with Cowen Transportation Analyst Jason Seidl
- Kansas City Southern (KCS) (NYSE: KSU) President and Chief Executive Officer Patrick J. Ottensmeyer, Executive Vice President and Chief Financial Offi
- 06/09/2020
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Wall Street Breakfast: The Week Ahead
- Welcome to Wall Street Brunch, our preview of stock market events for investors to watch during the upcoming week. You can also catch this article a day early b
- 06/07/2020
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Stocks To Watch: Buzz On Vroom, Lululemon, GameStop And Sports Betting Plays
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 06/06/2020
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A timeless journey through Plymouth’s lost railway stations
- Tickets please, tickets. You, sir, tickets please
- 06/06/2020
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Shares of several industrial companies are trading higher following strong US jobs numbers and continued optimism surrounding the reopening of the US economy. These have led to hopes of an economic rebound and an uptick in production/shipping activity.
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Petition in support of railway worker signed by million-plus people - Evening Telegraph
- More than a million people have signed a petition launched in support of a railway worker who died with coronavirus after an incident on the concourse of a railway station.
- 06/05/2020
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Shares of several industrial companies are trading higher after as equities continue to gain on optimism over an economic reopening which could potentially increase consumer spending and sales demand as well as a smaller-than-expected drop in nonfarm payrolls.
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Union Pacific's stock gains after 'more optimistic' outlook on volumes
- Shares of Union Pacific Corp. rose 1.1% in afternoon trading Tuesday, putting them on track to snap a 3-day losing streak, after the railroad operator provided a optimistic volume outlook at an industry conference. Chief Financial Officer Jennifer Hamann said at the UBS Global Industrials and Transportation Conference that the company was "feeling just a tad more optimistic" on volumes, and "it does feel like things have maybe bottomed a little bit," according to a transcript provided by FactSet. She said second-quarter volumes were tracking at down 23% from a year ago, which compares with guidance provided in April of "down around 25%," amid the COVID-19 pandemic. Hamann said that "it's hard to call the bottom," given all the uncertainty surrounding reopenings of businesses and whether there will be a resurgence in outbreak with the coronavirus. "But the last couple weeks with the auto manufacturers opening back up, I would say the trend is looking a little bit better and it's making everyone feel maybe just a little bit more confident that we're on the right path here," Hamann said. The stock has gained 6.9% over the past three months, while the Dow Jones Transportation Average has slipped 3.4% and the Dow Jones Industrial Average has lost 3.9%.
- 06/02/2020
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Rents in the Most Expensive Cities Drop. Oil Patch Gets Hit Too. But Massive Gains in Other Cities
- Are the Work-from-Home-Folks Moving to Cheaper Pastures?
- 06/02/2020
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3 Strong Performers to Consider
- They recently outperformed the S&P; 500 Continue reading...
- 06/01/2020
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Why You Need North American Railroads
- To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. Joining me to help break it all down is Motley Fool contributor, Lou Whiteman.
- 06/01/2020
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' Strong Performers to Consider
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Forbes Conecta: Kansas City Southern mantendrá inversiones en México durante 2020 • Forbes México
- La compañía ferroviaria espera un repunte de la economía mexicana por la entrada en vigor del nuevo acuerdo comercial con Estados Unidos y Canadá.
- 05/30/2020
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Police say there is 'no evidence of anyone spitting' at railway worker
- British Transport Police (BTP) announced on Friday they were not taking any further action
- 05/30/2020
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Hedge Funds Have Never Been This Bullish On Kansas City Southern (KSU)
- We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
- 05/29/2020
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Shell Asset Management Co. Sells 700 Shares of Kansas City Southern (NYSE:KSU)
- Shell Asset Management Co. lowered its stake in Kansas City Southern (NYSE:KSU) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,463 shares of the transportation company’s stock after selling 700 shares during the quarter. Shell Asset Management Co.’s […]
- 05/27/2020
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Shares of several industrial companies are trading higher in sympathy with the overall market as equities rally on coronavirus vaccine hopes as well as a pickup in economic activity as some US states reopen businesses.
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Corn, sorghum, wheat cash bids mixed
- Compared to last week, cash bids for corn, sorghum and wheat are mixed; soybeans are lower, according to the May 15 Weekly National Grain Market Review.
- 05/25/2020
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Wells Fargo Maintains Overweight on Kansas City Southern, Lowers Price Target to $170
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Kansas City Southern Stock Ascendant Amid Strong Profit, Revenue Growth
- Railroads are a strong component of the Covid-19 market recovery, including North American rail giant Kansas City Southern. Shares of the Kansas City, Mo.-based railroad climbed to a new Relative Strength (RS) Rating level Thursday.
- 05/21/2020
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KCS Holds Annual Meeting of Stockholders, Elects Ten Directors and Announces Preferred and Common Dividends
- Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 21, 2020 virtually via live audio webcast. With 90% of KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders:
- 05/21/2020
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KCS Executives to Address Two Conferences in June, 2020
- Kansas City Southern (KCS) (NYSE: KSU) Executive Vice President and Chief Operating Officer, Jeffrey Songer, will address the UBS Virtual Global Industrials & Transportation Conference on June 2, 2020 at 10:50 a.m. eastern time.
- 05/21/2020
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KCS Holds Annual Meeting of Stockholders, Elects Ten Directors and Announces Preferred and Common Dividends
- Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 21, 2020 virtually via live audio webcast. With 90% of KCS’ outst
- 05/21/2020
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Shares of several railroad companies are trading higher as equities gain for the session. Economic optimism amid strong earnings from some US retailers and the reopening of some US states is a potential positive for transportation stocks
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Shares of several industrial companies are trading higher amid strength in oil, strong earnings from Lowe's and optimism towards a U.S. economic rebound.
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Shares of several industrial companies are trading higher amid market strength as news from a Moderna trial stoked optimism about a potential coronavirus vaccine, which has raised hopes of an economic rebound.
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Corn, sorghum cash bids mixed
- Compared to last week, cash bids for corn and sorghum are mixed; soybeans are lower and wheat is mostly lower, according to the Weekly National Grain Market Review, May 12.
- 05/18/2020
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Kansas City Southern (KSU) Down 0.9% Since Last Earnings Report: Can It Rebound?
- Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 05/17/2020
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Kansas City Southern (KSU) Down 0.9% Since Last Earnings Report: Can It Rebound?
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Special trains from TN leave for Delhi, Jharkhand, Odisha
- Three special trains, one each to
Delhi, Odisha and Jharkhand with nearly 4,000 people, departed from here and two other terminals in Tamil Nadu on Friday, Southern Railway said.
The train for Delhi left from here with 950 passengers, another
- 05/15/2020
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Scopus Asset Management, L.p. Buys Amazon. ...
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Forbes Latam presenta: Forbes Conecta, la nueva realidad de los negocios • Forbes México
- Porque la recuperación económica no puede esperar, Forbes Latam presenta Forbes Conecta: Fórmulas para la nueva realidad de los negocios.
- 05/13/2020
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Union Pacific And CSX Transportation In The Competitive Landscape Of The North American Railroad Industry
- On the basis of a brief review of the competitive landscape of the North American railroad industry, I conducted a comparative analysis of the growth history of
- 05/13/2020
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Kent's hidden and abandoned railway stations from the past
- Our county has a rich railway heritage - but much of much it sits there unloved and undiscovered
- 05/12/2020
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UK: Ticket collector dies with COVID-19 after man claiming to have virus spat on her - NewZimbabwe.com
- Spread This NewsSky News A mother working as a ticket collector has died with COVID-19 after being spat at by someone claiming to have the illness. Belly Mujinga’s family have spoken to Sky News after her death sparked a new row over the safety of key workers, personal protective equipment (PPE), and protecting employees with
- 05/12/2020
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Philly Fed Pres Harker Says Evidence Is Overwhelming Something Needs To Be Done To Help Train Workers For New Careers
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UK rail worker dies of Covid-19 after spitting 'assault': Union
- LONDON (AFP) - A railway station worker in Britain died from Covid-19 last month after she was spat at and coughed over by someone claiming to have the coronavirus, her trade union said on Tuesday (May 12).. Read more at straitstimes.com.
- 05/12/2020
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The incredible list of London Underground stations that never opened
- There are so many that never saw the light of day
- 05/11/2020
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Kansas City Southern Appears Fully Valued
- Kansas City Southern's Q1 revenue rose in the high-single-digit percentage range. EBITDA rose by double digits due to cost cuts. Shipments pursuant to Mexico En
- 05/11/2020
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Kansas City Southern Announces Appointment of Vice President and Chief Engineer Manny Loureiro, Retirement of Vernon "Buck" Jones
- Kansas City Southern (NYSE: KSU) today announced the appointment of Manny Loureiro as vice president and chief engineer with responsibility for the engineering departments in the U.S. and Mexico. He reports to KCS executive vice president and chief operating officer Jeffrey M. Songer, and replaces vice president and chief engineer Vernon "Buck" Jones, who will retire this summer after a 42-year career with the company.
- 05/08/2020
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Kansas City Southern Announces Appointment of Vice President and Chief Engineer Manny Loureiro, Retirement of Vernon “Buck” Jones
- Kansas City Southern (NYSE: KSU) today announced the appointment of Manny Loureiro as vice president and chief engineer with responsibility for the en
- 05/08/2020
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Shares of several industrial companies are trading higher amid continued economic optimism as some US states ease lockdown restrictions. While jobless claims came in worse than estimates, figures were lower than in prior weeks.
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MLS teams resume voluntary player workouts amid COVID-19
- MLS teams resume voluntary player workouts amid COVID-19
- 05/06/2020
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Tijuana abre más hoyos en sus ya concurridos cementerios | Especial
- La covid-19 se ceba en la ciudad fronteriza mexicana con una de las cifras más altas de muertes por violencia
- 05/01/2020
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John Bean Technologies (JBT) Receives a Buy from Wells Fargo
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on John Bean Technologies (JBT) yesterday. The company's shares closed last Thursday at
- 05/01/2020
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John Bean Technologies (JBT) Receives a Buy from Wells Fargo
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on John Bean Technologies (JBT – Research Report) yesterday. The company’s
- 05/01/2020
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Analysts Have Conflicting Sentiments on These Services Companies: CH Robinson (CHRW), Strategic Education (STRA) and Norfolk Southern (NSC)
- Companies in the Services sector have received a lot of coverage today as analysts weigh in on CH Robinson (CHRW), Strategic Education (STRA) and Norfolk
- 04/30/2020
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Southern Railway sends milk, medicines to Assam Rifles
- The train from the Salem division left from that city, carrying 1.15 lakh litres of milk (in tetra packs) and eight tonnes of medicines to Dimapur, Nagaland.
- 04/30/2020
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Analysts Are Bullish on These Services Stocks: Saia (SAIA), Yum! Brands (YUM)
- There's a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Saia (SAIA), Yum! Brands (YUM) and CH Robinson (CHRW) with
- 04/30/2020
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Wells Fargo Sticks to Its Buy Rating for Norfolk Southern (NSC)
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on Norfolk Southern (NSC) today. The company's shares closed last Wednesday at $180.33.
- 04/29/2020
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Wells Fargo Sticks to Its Buy Rating for Norfolk Southern (NSC)
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on Norfolk Southern (NSC – Research Report) today. The company’s shares
- 04/29/2020
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J.P. Morgan Remains a Sell on Werner Enterprises (WERN)
- In a report released today, Brian Ossenbeck from J.P. Morgan maintained a Sell rating on Werner Enterprises (WERN), with a price target of $38.00. The
- 04/29/2020
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J.P. Morgan Remains a Sell on Werner Enterprises (WERN)
- In a report released today, Brian Ossenbeck from J.P. Morgan maintained a Sell rating on Werner Enterprises (WERN – Research
- 04/29/2020
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Analysts Offer Insights on Services Companies: S&P Global (SPGI), United Parcel (UPS) and Starbucks (SBUX)
- Analysts have been eager to weigh in on the Services sector with new ratings on S&P Global (SPGI), United Parcel (UPS) and Starbucks (SBUX). S&P
- 04/29/2020
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Kansas City Southern (NYSE:KSU) Shares Sold by Ardevora Asset Management LLP
- Ardevora Asset Management LLP lessened its stake in Kansas City Southern (NYSE:KSU) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,100 shares of the transportation company’s stock after selling 33,600 shares during the period. Ardevora Asset Management LLP’s holdings […]
- 04/29/2020
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North American rail traffic dropped 20.2% in week ended April 25 CNI;CP;CSX;KSU;NSC;UNP;GWR
- North American rail traffic dropped 20.2% in week ended April 25 CNI CP CSX KSU NSC UNP GWR
- 04/29/2020
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United Parcel (UPS) Gets a Buy Rating from Wells Fargo
- Wells Fargo analyst Allison Poliniak maintained a Buy rating on United Parcel (UPS) yesterday. The company's shares closed last Tuesday at $96.43.
- 04/29/2020
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