One of the largest shareholders in Canadian National Railway Co. said it’s prepared to launch a proxy fight to replace the company’s leader as the $30 billion deal to buy Kansas City Southern faces possible collapse.
September 7, 2021Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
CN’s Largest Shareholder Wants CEO Ruest Out
Perspective: In Hard Times, Truckers Deliver
National Truck Driver Appreciation Week is a time to remind the public of the debt of gratitude owed to these unsung heroes.
Maryland DOT Capital Budget Draft Considers Freight
Freight movement is a priority outlined in the Maryland Department of Transportation’s recently released draft of its six-year capital budget.
GM, Ford Halt Some Production as Chip Shortage Worsens
DETROIT — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks..
Truckers Face Outages, Road Closures and Fuel Supply Challenges in Ida’s Wake
Trucking companies are contending with obstructed routes, power outages and fuel supply challenges in the wake of Hurricane Ida.
CN Railway Should Scrap KC Southern Deal, Baskin Wealth Says
Montreal-based Canadian National has offered $30 billion for its U.S. rival, but the transaction appears to have little chance of succeeding.
Trucking Recruitment Firms See Business Surge Amid Driver Shortage
Trucking recruitment firms are seeing a surge in business as carriers seek to fill seats behind the wheel and address a driver shortage that was exacerbated by the pandemic.
Proposed Ballpark at Port of Oakland Hits Snag
In baseball terms, the Oakland Athletics’ efforts to build a stadium and billion-dollar real estate development at the Port of Oakland is in the bottom of the ninth inning and the home team is behind several runs.
CN Rail’s Kansas City Southern Deal Imperiled by STB Ruling
The Canadian National Railway’s $33.6 billion bid to merge with the smaller but strategically significant Kansas City Southern suffered a serious and possibly fatal blow Aug. 31, as the U.S. Surface Transportation Board unanimously voted to reject a vital component of the agreement.
Louisiana Ports Shutdown May Impact Agriculture Exports
The ports of New Orleans, Baton Rouge and South Louisiana, vital in terms of shipping grain commodities worldwide, have been shut down, and there is no timetable for when they will reopen.