financetom
Business
financetom
/
Business
/
Canadian National Railway Gets US STB Approval for Iowa Northern Railway Acquisition
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canadian National Railway Gets US STB Approval for Iowa Northern Railway Acquisition
Jan 14, 2025 10:10 AM

12:50 PM EST, 01/14/2025 (MT Newswires) -- Canadian National Railway ( CNI ) won approval from the US Surface Transportation Board for the acquisition of Iowa Northern Railway.

Iowa Northern Railway's 175 route miles will merge with Canadian National's 20,000-mile network as early as Feb. 13.

The combination is expected to bolster single-line service and improve connectivity for grain, fertilizer, renewable fuel and industrial markets across North America, Canadian National said Tuesday in a statement.

Price: 100.22, Change: -0.05, Percent Change: -0.04

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump to create office of shipbuilding, offer tax incentives
Trump to create office of shipbuilding, offer tax incentives
Mar 4, 2025
WASHINGTON (Reuters) - U.S. President Donald Trump told Congress on Tuesday that his administration will create an office of shipbuilding in the White House and offer new tax incentives for the sector. I am announcing tonight that we will create a new office of shipbuilding in the White House and offer special tax incentives, Trump said in an address late...
BRIEF-Japan's Trial Holdings To Buy Supermarket Chain Seiyu For About 400 Billion Yen, Nikkei Reports
BRIEF-Japan's Trial Holdings To Buy Supermarket Chain Seiyu For About 400 Billion Yen, Nikkei Reports
Mar 4, 2025
March 5 (Reuters) - Trial Holdings Inc: * TRIAL HOLDINGS TO BUY JAPAN'S SUPERMARKET CHAIN SEIYU FOR ABOUT 400 BILLION YEN - NIKKEI * TRIAL HOLDINGS HAS OBTAINED PREFERRED BIDDER STATUS FOR SEIYU FROM KKR - NIKKEI * TRIAL HOLDINGS PLANS TO BUY ALL SHARES OF SEIYU - NIKKEI Further company coverage: ...
CK Hutchison shares jump 22% after Panama Canal stake sale to BlackRock
CK Hutchison shares jump 22% after Panama Canal stake sale to BlackRock
Mar 4, 2025
(Reuters) - CK Hutchison ( CKHUF ) stock gained more than 22% on Wednesday after the Hong Kong conglomerate sold a majority stake in a $22.8 billion ports unit, including assets along the Panama Canal, to a group led by U.S. buyout firm BlackRock ( BLK ). The sale includes 90% of Panama Ports Company, which has operated the Balboa...
Japan's Trial Holdings to buy Seiyu for about $2.7 bln, Nikkei says
Japan's Trial Holdings to buy Seiyu for about $2.7 bln, Nikkei says
Mar 4, 2025
TOKYO, March 5 (Reuters) - Japan's Trial Holdings obtained preferred bidder status from U.S. private equity fund KKR to acquire supermarket chain Seiyu for about 400 billion yen ($2.67 billion), the Nikkei business daily reported on Wednesday. Trial Holdings plans to purchase all shares of Seiyu, the report said. ($1 = 149.7800 yen) (Reporting by Tokyo newsroom; Editing by Muralikumar...
Copyright 2023-2026 - www.financetom.com All Rights Reserved