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Recent Articles

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Surface Transportation Board issues Final Environmental Impact Statement for proposed merger between Canadian Pacific and Kansas City Southern; statement includes recommendations on grade crossing delays, safety, as well as noise and vibration mitigation

ATB Capital initiates Canadian Pacific Railway with outperform rating and C$120 target, noting combination of CP and Kansas City Southern provides diversification benefits given KCS's chemical/merchandise volumes, infrastructure in US South and Mexico

RBC Dominion raises Canadian Pacific Railway's target by C$7 to C$122, sees 'significant upside potential' from 'transformational' acquisition with Kansas City Southern, which 'sets the stage for significant growth and a material upward valuation rerate'

RBC Dominion upgrades Stella-Jones to outperform from sector perform, raises target C$11 to C$53; shares don't reflect upside related to infrastructure spending and potential M&As, notably opportunity to acquire Kansas City Southern's railway tie business

Kansas City Southern breaks ground on new International Railroad Bridge spanning from Laredo, Texas, to Nuevo Laredo, Mexico, to be completed by end of 2024; bridge to be built roughly 35 ft. from existing track to allow operation in both directions

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