Railroads Strike a $25 Billion Merger | The Wall Street Journal

Railroads Strike a $25 Billion Merger

Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a transaction valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The combination, which faces a lengthy regulatory review, is a long-term wager on an interconnected North American economy. The three countries are reopening at different speeds after the Covid-19 pandemic disrupted supply chains and upended global trade. Rail volumes, which plunged last year, have rebounded though backlogs at California ports have delayed imports from Asia and stalled some U.S. factories.

Live News Feed

News Feed featuring the top articles in the finance world from global publications such as Financial Times and the Economist.

Click here to view

Powered by © Neon Accelerator

From the Web

Railroads Strike a $25 Billion Merger | The Wall Street Journal

| From the web

Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

Read More >

Warren Buffett Would Say Do This With Your $1,400 Stimulus Check | MoneyWise

| From the web

The billionaire isn't getting a payment, but he has a strong opinion on how to use yours.

Read More >

A Fed With No Fear of Inflation Should Scare Investors | The Wall Street Journal

| From the web

Markets are only just waking up to the implications of an important shift in Federal Reserve policy.

Read More >

As Blackstone Barrels Toward Trillion-Dollar Asset Goal, Growth Is In, Value Out | The Wall Street Journal

| From the web

Jonathan Gray, Blackstone Group’s day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.

Read More >
Go to Top