Berkshire Hathaway’s BNSF Will See Competition From Kansas City Southern Deal

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After Canadian Pacific made an offer for Kansas City Southern, Canadian National barreled in with a topping bid of $325 a share, worth $30 billion.

Luis Antonio Rojas/Bloomberg

A new North American rail network will challenge Union Pacific and the Berkshire Hathaway-owned BNSF. The only question is who will create it.

Canadian Pacific Railway (ticker: CP) and Canadian National Railway (CNI) are battling to acquire Kansas City Southern (KSU), the 134-year old freight network that runs through the Midwestern U.S. to Mexico. Each Canadian company claims that its deal will create the best continent-crossing alternative to Union Pacific (UNP) and BNSF.