Business

Canadian Pacific Shareholders Back Purchase of Kansas City Southern

Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Dec. 8 when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico.

Josh Funk | Associated Press
December 8, 2021
Government, Business, Safety, Logistics

Union Pacific, Unions Sue Each Other Over Vaccine Mandate

OMAHA, Neb. — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus.

Josh Funk | Associated Press
October 20, 2021
Business, Logistics

Canadian National Says Investor’s Shakeup Drive ‘Misguided’

OMAHA, Neb. — Canadian National has sharpened its criticism of the investor pressuring it to make changes to its operations and replace its CEO following its failed attempt to acquire the Kansas City Southern railroad.

Josh Funk | Associated Press
October 4, 2021
Government, Business, Logistics

Union Pacific CEO Sees Strong Economy Coming Out of Pandemic

Union Pacific CEO Lance Fritz is working to help clear up a major backlog in imported shipments.

Josh Funk | Associated Press
September 17, 2021
Government, Business, Logistics

Kansas City Southern Rejects New Bid From Canadian Pacific

OMAHA, Neb. — 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.

Josh Funk | Associated Press
August 13, 2021
Government, Business, Technology, Safety, Logistics

Rail Industry Defends Safety Record Amid Staffing Cuts

OMAHA, Neb. — Even as railroads are operating longer freight trains that sometimes stretch for miles, the companies have drastically reduced staffing levels, prompting unions to warn that moves meant to increase profits could endanger safety and even result in disasters.

Josh Funk | Associated Press
May 17, 2021
Business

Warren Buffett Says Supply Chain, Economy Will Recover From Coronavirus Woes

OMAHA, Neb. — Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business.

Josh Funk | Associated Press
February 24, 2020
Government, Business, Safety, Logistics

Army Corps of Engineers Takes Heat in Wake of Missouri River Flooding

The federal agency that manages dams along the Missouri River received stern criticism from several U.S. senators earlier this month during a hearing held to examine the massive flooding that caused more than $3 billion in damage in the Midwest.

Josh Funk | Associated Press
April 17, 2019
Business, Logistics

Union Pacific, CSX, Reflect Solid Economic Growth

OMAHA, Neb. — The economy appears strong to the major freight railroads that haul the products and raw materials companies rely on, but the lingering trade disputes could derail business if they continue.

Josh Funk | Associated Press
January 24, 2019