Canadian Pacific and Kansas City Southern Become CPKC Yurtdışı Haberleri by railsistem - Nisan 18, 20230 Canadian Pacific (CP) and Kansas City Southern (KCS) have officially combined to create Canadian Pacific Kansas City (CPKC). This move follows authorisation from the US Surface Transportation Board (STB) for the companies to create the first single-line railway connecting Canada, the US and Mexico. A CP locomotive and a KCS locomotive operating on
Canadian Pacific Kansas City Merger Gains STB Approval Yurtdışı Haberleri by railsistem - Mart 16, 20230 The US Surface Transportation Board (STB) has provided approval for the merger of Canadian Pacific (CP) and Kansas City Southern (KCS), subject to certain conditions. This decision will enable CP to exercise control of KCS to form Canadian Pacific Kansas City (CPKC) from 14 April 2023 onwards. STB’s conditions for this merger
Kansas City Southern Breaks Ground on International Bridge Yurtdışı Haberleri by railsistem - Kasım 2, 20220 Kansas City Southern (KCS) has celebrated the ground breaking on both sides of its new International Railroad Bridge spanning the Rio Grande river from Laredo, Texas to Nuevo Laredo in Mexico. This new 1,150-foot bridge will be constructed alongside the existing bridge and is expected to be complete by the end
Canadian Pacific and Kansas City Southern Merger Proposal Receives Clearance Yurtdışı Haberleri by railsistem - Ağustos 17, 20220 Canadian Pacific Railway (CP) has received the required regulatory clearance from the US Committee on Foreign Investment (CFIUS) for the proposed combination of CP and Kansas City Southern (KCS). CP completed its acquisition of KCS on 14 December 2021. Canadian Pacific Kansas City will be the only single-line railway to link the
Amtrak Recognises Canadian Pacific as Best Host Railroad 2021 Yurtdışı Haberleri by railsistem - Mart 14, 20220 The National Railroad Passenger Corporation – Amtrak – has recognised the Class 1 railroad Canadian Pacific (CP) as the best host railroad 2021. Keith Creel, Canadian Pacific (left) and Stephen J. Gardner, Amtrak (right) © Canadian Pacific For the sixth consecutive year, this Class 1 has earned an A grade on Amtrak’s annual
Canadian National Seeks Line Divestiture as Part of the CP-KCS Merger Yurtdışı Haberleri by railsistem - Ocak 17, 20220 Canadian National, the railroad recently thwarted in its attempt to merge with Kansas City Southern (KCS), has submitted a notice of intent to file a responsive application with the Surface Transportation Board (STB). CN said it would file the responsive application on 28 February 2022 in line with the STB’s schedule
United States: CP and Amtrak Sign Agreement in Support of Expansion Plans Yurtdışı Haberleri by railsistem - Ocak 10, 20220 Amtrak and Canadian Pacific Railway (CP) have signed an agreement to support each other’s expansion plans. Amtrak overtakes CP train © Amtrak / CP In the agreement, Amtrak pledges its support for the CP and Kansas City Southern (KCS) merger, while CP commits to supporting Amtrak’s plans to expand its intercity passenger rail
Canadian Pacific Completes Acquisition of Kansas City Southern Yurtdışı Haberleri by railsistem - Aralık 16, 20210 Canadian Pacific Railway (CP) has completed its purchase of Kansas City Southern (KCS). This comes after both companies’ shareholders voted in favour of the move. The merging of these two companies will lead to the creation of the only single-line railway linking the Canada, the United States and Mexico. On the closing of
Canadian Pacific Shareholders Vote in Support of CP-KCS Merger Agreement Yurtdışı Haberleri by railsistem - Aralık 10, 20210 “The shareholder approvals are a key step on our path to this once-in-a-lifetime partnership to create the first US-Mexico-Canada rail network. This is a transformative opportunity for CP, KCS and the North American economy. “The overwhelming support our shareholders have given to the transaction is critical to making this combination a
Canadian Pacific and Kansas City Southern Reach New Milestone in Merger Saga Yurtdışı Haberleri by railsistem - Aralık 2, 20210 The two companies have faced many challenges to get to this point, including a rival bid from Canadian National in May. A CN-KCS merger voting trust was rejected by the Surface Transportation Board (STB) in September, which was followed by approval of a voting trust for the CP-KCS merger later the
Canadian Pacific Offer Declared ‘Company Superior Proposal’ by KCS Board Yurtdışı Haberleri by railsistem - Eylül 14, 20210 Kansas City Southern’s (KCS) Board of Directors has deemed Canadian Pacific’s (CP) proposed merger agreement a ‘company superior proposal’. This is the latest in the saga between Canadian National (CN), CP and KCS regarding which of the former Class 1 railroads gets to merge with KCS. It comes shortly after a Surface
Canadian Pacific Back in the Running Following STB’s Ruling against Voting Trust in KCS-CN Merger Yurtdışı Haberleri by railsistem - Eylül 6, 20210 Following the ruling by the Surface Transportation Board (STB) that a voting trust could not be used in a combination between Canadian National and Kansas City Southern, the KCS Board of Directors unanimously determined that the Canadian Pacific proposal “could reasonably be expected to lead to a ‘company superior proposal’. The
Surface Transportation Board Says No to Voting Trust for CN-KCS Merger Yurtdışı Haberleri by railsistem - Eylül 2, 20210 The Surface Transportation Board (STB) has unanimously rejected the option of a voting trust for the proposed combination between Canadian National and Kansas City Southern. The STB said it has determined “that the proposed voting trust is not consistent with the public interest standard under the Board’s merger regulations”. In response,
Savage Partners with KCS to Construct and Operate Louisiana Railport Yurtdışı Haberleri by railsistem - Ağustos 20, 20210 Savage, a global provider of industry infrastructure and supply chain service, is partnering with Kansas City Southern (KCS) to construct a multi-commodity railport with transload and railcar storage capabilities in Mossville, Louisiana. Savage transload © Savage Savage will own and operate the railport, being built on property leased from KCS at its Mossville
Kansas City Southern Board: New CP Proposal Not Superior to CN Bid Yurtdışı Haberleri by railsistem - Ağustos 13, 20210 Following Canadian Pacific’s recent increased offer for Kansas City Southern prior to the KCS shareholders’ vote on the proposed CN-KCS combination, the Kansas City Southern Board of Directors has unanimously declared Canadian Pacific’s new offer not superior, advising its shareholders to vote in favour of the CN-KCS combination on 19
Canadian Pacific Ups Its Offer to Kansas City Southern Yurtdışı Haberleri by railsistem - Ağustos 11, 20210 After Canadian National made a higher bid for Class 1 railroad Kansas City Southern (KCS) and KCS pulled out of its acquisition talks with Canadian Pacific, CP has upped its offer. The revised offer to acquire Kansas City Southern in a stock and cash transaction for a sum of around 31
Canadian Pacific Urges KSC Shareholders to Vote Against Proposed CN-KCS Merger Yurtdışı Haberleri by railsistem - Ağustos 2, 20210 It is not yet known what decision the Surface Transportation Board will make on CN’s request for a voting trust. Therefore, CP believes, KCS stockholders should hold off on voting on whether or not to approve the merger until this regulatory uncertainty is removed, since the decision would come with
CN and KCS Submit Financial Documentation for STB Approval of Voting Trust Yurtdışı Haberleri by railsistem - Haziran 16, 20210 Canadian National Railway (CN) and Kansas City Southern Railway (KCS) have jointly filed documents requested by the Surface Transportation Board (STB), which will enable the board to review the voting trust in connection with the definitive merger agreement between the two companies. Earlier in May, the Surface Transportation Board denied CN’s
KCS Calls CN Bid ‘Superior’ as the US DOJ Says CN-KCS Merger Poses Greater Risk to Competition Yurtdışı Haberleri by railsistem - Mayıs 17, 20210 A CP-KCS combination would create a new Class 1 railroad that would still be the smallest of the six, whereas a CN-KCS combination would leave Canadian Pacific significantly smaller than the new CN-KCS entity. The United States Department of Justice has now weighed in on these merger talks, stating that the
Canadian Pacific Files Formal Objection to Canadian National Merger Waiver Yurtdışı Haberleri by railsistem - Mayıs 5, 20210 Canadian Pacific (CP) has filed a formal objection with the Surface Transportation Board (STB) stating that Canadian National (CN) doesn’t qualify for a waiver of the STB’s rules for major transactions regarding its proposal for Kansas City Southern (KCS). In its letter, CP claims that the CN/KCS transaction doesn’t satisfy any
Canadian National Makes Rival Bid for Kansas City Southern Yurtdışı Haberleri by railsistem - Nisan 23, 20210 Canadian National has written to the Board of Directors at Kansas City Southern, submitting its proposal. Canadian National has also submitted a letter to the Surface Transportation Board. Canadian National said that KCS and its shareholders were free to decide which of the two offers was preferable and CP was
Shippers and Short-Line Railroads Express Support for the CP-KCS Combination Yurtdışı Haberleri by railsistem - Nisan 6, 20210 More than 250 shippers, railroads, ports, chambers of commerce and other entities have written letters of support for the Canadian Pacific-Kansas City Southern merger to the Surface Transportation Board. Many of the entities signed a pre-drafted letter that highlights what CP and KCS feel are their strongest cards for persuading the
Canadian Pacific and Kansas City Southern Propose Merger Yurtdışı Haberleri by railsistem - Mart 24, 20210 Both Mr Creel and KCS President and CEO Patrick J. Ottensmeyer said hoped this transaction would help them improve fuel efficiency and lower emissions. Next Steps CP will next establish what it calls a ‘plain vanilla’ independent voting trust to acquire the KCS shares. Once shareholders agree the deal and the boards