CP - KCS Deal Looking Certain

Sep 14, 2021

It almost seems certain now, that Calgary based CP rail will move forward in acquiring Kansas City Southern.

On the weekend, the board at KC said the bid of about 31 billion dollars by CP, which includes debt was superior to the offer being made by rival CN. Initially, the company had accepted CP's bid, months ago, but then entertained a sweeter off by CN. But it was dealt a major setback recently when the US surface transportation board rejected CN's use of a voting trust to complete the deal.

CP said on the weekend, its merger with KCS would maintain all existing freight rail gateways while creating new north-south lanes between western Canada, the US, upper Midwest, the gulf coast and Mexico. CP also said the deal would create a route network that doesn't funnel all of its traffic through the already congested Chicago area.

Meanwhile, some of the top shareholders for CN are demanding changes to the current board of directors and the firing of the company's CEO.

Click here to see more...

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

JOIN THE BARN TALK NEWSLETTER AND GET LIVE EVENT ACCESS: We're on a mission to hit 10,000 subscribers, and when we do, we're hosting a live event at the barn. Sign up for exclusive access to tickets and details.