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LM management UPDATE
| 题名： | LM management UPDATE |
| 正文语种： | eng |
| 摘要： | CN set to acquire KCS, but regulatory hurdles remain. After ongoing stops and starts regarding the respective pursuits by Class Ⅰ railroads Canadian National (CN) and Canadian Pacific (CP) of Kansas City Southern (KCS), it appears that the on-again off-again may be over. Last month, CN and KCS said that they've reached a deal and have entered into a definitive merger agreement, which the companies contend will "create the premier railway of the 21 st century." CN and KCS stated that their respective Boards of Directors have signed off on the terms of the agreement, with KCS shareholders receiving $325 per common share based on CN's $33.6 billion offer made on May 13. That figure, the companies said, included the assumption of roughly $3.8 billion of KCS debt. CN and KCS said that the Surface Transportation Board (STB) and other regulatory authorities must approve control of KCS, with the completion of the acquisition expected to take place over the second half of 2022. They added that when the deal is official, KCS would begin the integration process. DB Schenker Americas expands Indianapolis facility. DB Schenker Americas, a third-party logistics (3PL) services provider and subsidiary of DC Schenker, has undergone a major expansion at its Indianapolis-based facility. The company said that the expansion is comprised of an additional 5,000 square-feet (SF) of cold room and 50,000 SF of controlled room temperature space. And it added that this facility, which the company opened in 2006, also incorporates 9,000 SF of +2C to +8C space, 100,000 SF of +15C to +25C space, and dedicated capacity on its own-controlled flights to and from Luxembourg, which serves as a major center of vaccine/pharmaceutical activity. These flights include dedicated temperature-controlled capacity, according to DB Schenker. |
| 出版年： | 2021 |
| 期刊名称： | Logistics Management |
| 卷： | 60 |
| 期： | 6 |
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