UP had lobbied against the CP-KCS merger and kicked the Canadian carrier out of a shared container programme in Canada last year. The US rail giant countered the CPKC-Schneider alliance on Monday – three days after it had been announced – with the creation of a new intermodal service spa...
The merger creates the first single-line railway connecting Canada, the United States and Mexico. "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," said CPKC President...
However, CPKC does not havecarte blanchefrom the STB, it imposed a number of conditions on the merger: the carrier must keep connection points with other railways open and preserve options for shippers to route traffic via other railways; and has to justify rate increases over a certain ...
“The Merger Agreement provides KCS with financial flexibility and freedom to undertake its capital and maintenance plans. The Merger Agreement is designed to preserve KCS’s pre-existing capital allocation policies during the trust period. It is also designed to ensure that d...
The proposed merger of Canadian Pacific and Kansas City Southern - the first combination of Class I systems in two decades, and likely the last - should win favor in Washington. After all, their comprehensive merger application checks all of the Surface Transportation Board's boxes. More rail ...
This March, CP had agreed to acquire KCS in a cash and stock deal of approximately $29bn, which included a $3.8bn assumption of outstanding KCS debt.The STB dismissed the plan on the grounds of missing details in connection with the merger. It decided to apply the existing merger rules ...