M&A

Blue Yonder to acquire One Network for $839M

Supply chain solutions provider Blue Yonder announced Friday it has signed an agreement to acquire One Network Enterprises and its AI platforms that provide end-to-end supply chain visibility, planning tools, order fulfillment and payment solutions to manage supplier and carrier resources.

The deal comes in at approximately $839 million and is contingent on the fulfillment of standard requirements including regulatory approval. Blue Yonder expects it to close in Q2 or Q3 this year.

“Blue Yonder...

https://www.freightwaves.com/news/blue-yonder-to-acquire-one-network-for-839m

CN acquiring Iowa Northern Railway

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Canadian railway CN plans to acquire Iowa Northern Railway (IANR) a short-line railroad that...

https://www.freightwaves.com/news/cn-acquiring-iowa-northern-railway

Report: Convoy is for sale

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Seattle-based digital freight brokerage Convoy has hired an investment bank to help it explore...

https://www.freightwaves.com/news/report-convoy-is-for-sale

Regional Rail acquires another North Carolina asset

Regional Rail has acquired the assets of Clinton Terminal Railroad in North Carolina.

The acquisition, announced this week, will expand Regional Rail’s presence in North Carolina. Regional Rail had acquired Carolina Coastal Railway in 2020. Carolina Coastal will be the new owner and operator of Clinton Terminal Railroad, which will be named the Clinton Branch of the railway. Financial terms of the transaction were not disclosed. 

“We are excited to partner with the team at Clinton Terminal and...

https://www.freightwaves.com/news/regional-rail-acquires-another-north-carolina-asset

Canadian Pacific and Kansas City Southern officially merge

Friday marks the first day of Canadian Pacific Kansas City (CPKC), the combined company of Canadian Pacific (NYSE: CP) and Kansas City Southern, and ends the journey that officially started just over two years ago in March 2021 when CP first declared publicly its interest in merging with KCS.

“Today, we celebrate this historic combination creating a truly unique single-line rail network that begins a new chapter of railroad history in North America,” CPKC President and Chief Executive Officer...

https://www.freightwaves.com/news/canadian-pacific-and-kansas-city-southern-officially-merge

Canadian Pacific announces leadership of merged company

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Canadian Pacific on Friday laid out its leadership roster as the railway becomes a merged company...

https://www.freightwaves.com/news/canadian-pacific-announces-leadership-of-merged-company

Rail shippers watching to see whether any benefits come from CP-KCS merger

Rail shippers are waiting to see whether the merger of Canadian Pacific and Kansas City Southern will actually enhance competition and provide them with more choices.

The Surface Transportation Board issued a decision Wednesday approving the deal, saying CP (NYSE: CP) and KCS would be able to promote competition better as a merged railroad company than as separate entities. The merged company, Canadian Pacific Kansas City or CPKC, is expected to start operating around April 14.

However, STB also...

https://www.freightwaves.com/news/rail-shippers-watching-to-see-whether-any-benefits-come-from-cp-kcs-merger

La colaboración debe ser clave para que prospere el ferrocarril, según los expertos

WASHINGTON – El futuro a corto plazo del transporte ferroviario de mercancías podría estar marcado por la colaboración, ya sea a través de asociaciones privadas o públicas entre otras partes interesadas de la cadena de suministro o entre los propios ferrocarriles en su competencia con el sector del transporte por camión, según los panelistas de la reunión anual del Transportation Research Board celebrada esta semana. 

Una idea que sigue debatiéndose es que los inversionistas en infraestructuras...

https://www.freightwaves.com/news/la-colaboracion-debe-ser-clave-para-que-prospere-el-ferrocarril-segun-los-expertos

Collaboration must be key for railroads to thrive, experts say

WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that’s through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against the trucking industry, according to panelists at the Transportation Research Board annual meeting this week.

One idea that continues to be discussed is that infrastructure investors are interested in developing giant rail industrial parks in North America,...

https://www.freightwaves.com/news/collaboration-must-be-key-for-railroads-to-thrive-experts-say

Deutsche Bahn to consider sale of huge Schenker logistics unit

German national railway company Deutsche Bahn AG is ready to sell its profitable logistics unit, DB Schenker, or offer shares in the public market.

The parent company said Thursday that it will explore the potential sale of DB Schenker, the fourth-largest logistics provider in the world by revenue, after a vote by its board of directors.  

Revenue from any sale would be used to pay down Deutsche Bahn’s heavy debt load.

The rationale for a sale is that DB Schenker can grow faster with a company...

https://www.freightwaves.com/news/deutsche-bahn-to-consider-sale-of-huge-schenker-logistics-unit

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