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People News: A. Stucki Co., VRE, Quandel, Trapeze, BAI

A. Stucki Co. appoints Chief Commercial Officer; Virginia Railway Express (VRE) names General Counsel; Quandel Consultants hires Senior Consultant; Trapeze Group Americas appoints General Manager; and BAI Communications (BAI) taps Group Business Development Director.

KCS: Beware of Titus Rockefeller LLC

Kansas City Southern has received notice of an unsolicited “mini-tender” offer by Canadian outfit Titus Rockefeller LLC (a.k.a. TRC Capital Investment Corp.) to purchase up to 500,000 shares, or approximately 0.55%, of KCS’s outstanding common stock at a price of $285.00 per share in cash. KCS said it does not endorse the offer and recommends that its shareholders reject it and not tender their shares in response to it. TRC Capital has been cited in numerous documented cases of securities fraud (see below).

Extending Rail Life, With Precision

RAILWAY AGE, MAY 2021 ISSUE: Regular steel rail maintenance not only extends service life, but also helps ensure safety. That’s why suppliers of grinding, milling and welding equipment and services are always fine-tuning and introducing new offerings to meet railroad needs. They discuss those, and today’s market.

CPKC Support Count Nears 550

As Canadian Pacific and CN vie for a merger with Kansas City Southern, the letters of support for both potential transactions continue to pile up at the Surface Transportation Board. On May 10, it was CP’s turn to up its count, as it reported 131 new letters.