Kansas City Southern is at the center of a bidding war between Canadian Pacific and Canadian National sending $KSU up +18.73 to $288.33. $CP sweetened its buyout offer in a bid to push merger rival $CNI away.
Railway companies have long been a favorite of investor legend Warren Buffett. We get to guage the underlying strength he looks for with earnings from railway giants $CSX, Canadian Pacific $CP and Kansas City Southern $KSU.
Should the U.S. government move to disband the NAFTA the affect on Canadian rail giants Canadian Pacific $CP and Canadian National Railways $CN the affect will be immediate.