merger and acquisition

Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer. Both CN and CP are seeking to acquire...

The Surface Transportation Board's decision on Monday to hold Canadian railway CN's (NYSE: CNI) petition to acquire Kansas City Southern (NYSE: KSU) to a higher regulatory standard has emboldened both CN and rival Canadian Pacific (NYSE: CP). Both CN and CP are seeking to acquire Kansas City...

Count BNSF (NYSE: BRK-B) as one of those watching how efforts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU) play out. Executives with BNSF parent company Berkshire Hathaway noted on Saturday during the company's annual shareholder meeting that BNSF...

Global payments company Stripe is adding a new tool to its solutions for online customers – tax preparation services. Stripe will acquire TaxJar for an undisclosed sum. The transaction is expected to close pending regulatory approvals, the company said in a statement Wednesday. TaxJar provides...

By Byron L. Dorgan, retired U.S. senator from North Dakota Making an exception is different than changing one's mind. That's how I came to the conclusion that, although I have been a strong and relentless critic of mergers by big Class I railroads, the recently proposed merger by Canadian Pacific...

Japanese electronics giant Panasonic Corp. has announced it will acquire supply chain software company Blue Yonder after an agreement was reached with its existing shareholders New Mountain Capital and Blackstone. Panasonic previously took a 20% stake in the software company in July and Friday...

Canadian trucking and logistics giant Mullen Group (TSX:MTL) has acquired British Columbia-based Bandstra Group of Companies in a deal that adds a trucking operation and — intriguingly — a Volvo and Mack truck dealership with three locations.  The acquisition, announced late Friday, adds the 180-...

The COVID-19 pandemic has fueled a boom in tech stocks and the Nasdaq has rocketed up 42% since January 2020. What Happened: Companies in the technology sector have benefited from the realities of the pandemic. Organizations have been forced to quickly digitalize their operations to allow employees...

Canadian Pacific Railway Ltd (NYSE: CP) and Kansas City Southern (NYSE: KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a...

Bulk terminal and logistics services company Enstructure has acquired Ambassador Services' marine terminal operation at Florida's Port Canaveral. Financial terms of the deal were not disclosed, but Enstructure said it will retain Brian Hubert as president and rename the terminal Ambassador...

CRST International Inc. announced it has acquired Edison, New Jersey-based final-mile logistics provider NAL Group. NAL Group consists of warehousing service and final-mile logistics provider North American Logistics, which was founded in 2015, and installation and assembly services company...

Short line operator Regional Rail will be acquiring Carolina Coastal Railway, a 180-mile freight rail line located primarily in North Carolina. The acquisition, announced Monday by Regional Rail's parent company 3i, a U.K.-based private equity firm, is subject to approval by the Surface...

GlobalTranz continues its rapid expansion, announcing the acquisition of Cerasis on Thursday. It is the 11th acquisition for the fast-growing third-party logistics (3PL) and technology solutions company since January 2017. GlobalTranz CEO Renee Krug said that acquiring Cerasis will benefit the...

Seko Logistics said Tuesday it has acquired Air-City Inc., a New York City-based freight forwarder and cross-border e-commerce firm, for an undisclosed sum. Seko said it is its biggest acquisition ever. Privately held Seko said the acquisition will strengthen its position in the New York region,...

Canadian Pacific (NYSE: CP) has completed its acquisition of the Central Maine & Quebec (CMQ) Railway. The U.S. portions of the CMQ network still need approval from the Surface Transportation Board. The CMQ will give CP's customers access to ports at Seaport, Maine, and Saint John, New...