About: http://data.cimple.eu/news-article/513556699c99e62b9b714160e0956734ce787bef7cd811ca64117dd8

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About: http://data.cimple.eu/news-article/513556699c99e62b9b714160e0956734ce787bef7cd811ca64117dd8 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Canadian National Railway on Friday beat out rival Canadian Pacific Railway in a battle for Kansas City Southern that will create the first railroad linking Canada, the United States and Mexico. Montreal-based CN, Canada's leading freight carrier, had offered $33.6 billion for KCS and its vast rail network reaching from the farms of the US Midwest to the Gulf of Mexico, in order to capitalize on a reworked continental trade deal expected to boost shipments. At the same time, it sought to block competitor CP, which had in March concluded a merger deal with KCS, from gaining a foothold in the American heartland. In a joint statement with CN, KCS said it had accepted the company's offer and terminated its agreement with CP. "We are excited about this combination with CN," KCS president Patrick Ottensmeyer said in a statement while his CN counterpart JJ Ruest said he was "thrilled that KCS has agreed to combine with CN to create the premier railway for the 21st century." The merger must still be approved by KCS shareholders and regulators in the United States and Mexico. That could take at least a year, the two companies said. CP, which has expressed doubts that a CN-KCS merger would get regulatory approval but refused to top up its own offer, said in a statement that it "remains ready to re-engage with KCS" should the CN buyout fall apart. A CN-KCS tie-up would combine 32,000 kilometers (20,000 miles) of CN track across Canada and down to the US Gulf Coast with KCS's 11,000-kilometer network than runs from the US Midwest to Veracruz and Lazaro Cardenas in Mexico. Mexico is a major exporter of automobiles, electronics and agricultural products, while also importing large amounts of grain and manufactured goods. amc/ft
schema:headline	Canadian National bid for KCS accepted, will create first continental railway
schema:mentions	Judge Lázaro Cárdenas Midwestern United States Patrick Star Kansas City metropolitan area Veracruz Canada Mexico United States Canadian Pacific Railway Canadian National Railway The Merger (The Office) Gulf Coast of the United States American Motors Corporation
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	81 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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