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CN Railway Highlights Grain Car Purchase Amid Push To Acquire KC Southern

Canadian National Railway has placed an order for 1,000 new generation, high-capacity grain hopper cars. The railway says the new hoppers will be built in Mexico and help meet the growing needs of North American grain farmers as well as grain customers.  The order is part of a larger program to build and renew a fleet of 6,000 hopper railcars over the next three years.  CN President and CEO JJ Ruest states the railcars, “will help move more grain across the CN rail network, which continues to make CN the embodiment of a true USMCA railroad.”  Ruest’s statement comes as the Montréal-based railway continues its push to acquire Kansas City Southern, one month after KCS agreed to a deal with rivals Canadian Pacific.  The railway also noted that support for its $33.7 billion proposal—which values KCS 25 percent higher than Canadian Pacific’s bid—is expanding, with more letters of support being submitted to the U.S. Surface Transportation Board.

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