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WASHINGTON — Canadian Pacific has rebutted Justice Department criticism of its proposed acquisition of Kansas City Southern, telling the Surface Transportation Board that the $29 billion merger can’t happen without a voting trust. The Justice Department on Monday raised concerns about CP’s plan to place KCS into a voting trust while the STB reviews the […]
Seattle monorail shut down through April 30 Seattle’s monorail has shut down for the remainder of April as part of a renovation to prepare for the arrival of the city’s new National Hockey League team, the Kraken, which will debut this fall. KNKX Radio reports the work on the 1-mile line, connecting downtown’s Westlake Center […]
CALGARY, Alberta — Canadian Pacific and Kansas City Southern have rounded up broad support for their proposed merger, which would create the first railroad to operate in the U.S., Canada, and Mexico. The railways announced yesterday that they have received support statements from 259 shippers, other railroads, economic development authorities, and ports. Shipper sentiment will […]
WASHINGTON — A major shipper group plans to challenge the waiver that would permit Canadian Pacific’s proposed acquisition of Kansas City Southern to be reviewed under the Surface Transportation Board’s old, less restrictive merger rules. The National Industrial Transportation League said today that the CP-KCS deal would ultimately harm rail competition. “Based on the significant loss […]
Dallas City Council approves $1.7 billion ‘D2’ subway project The Dallas City Council has approved building a new light rail route through downtown including a subway section with three underground stations. WFAA-TV reports the council also said it would support Dallas Area Rapid Transit’s effort to obtain an $800 million Federal Transit Administration grant to […]
WASHINGTON — Canadian Pacific and Kansas City Southern plan to file their merger application with U.S. regulators on or around June 28 and have proposed a 10-month review of the deal that would create the first railroad to link the U.S., Canada, and Mexico. The railroads told the Surface Transportation Board that their proposed review timetable […]
COLLEGE STATION, Texas — Union Pacific No. 4141, the SD70ACe locomotive painted in an Air Force One-like scheme to honor President George H.W. Bush, has arrived in College Station and was scheduled to be trucked on Sunday afternoon from the UP tracks to the George H.W. Bush Presidential Library and Museum on the campus of […]
The Canadian Pacific acquisition of Kansas City Southern should help the railroads develop new business — including diverting truck traffic to rail — but the $29 billion deal announced on Sunday could face regulatory hurdles and opposition from shippers and other Class I systems. CP and KCS executives touted the potential for traffic growth that would […]
CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
Austin commuter rail operations suspended because of weather Austin, Texas, transit agency Capital Metro has suspended commuter rail service Monday and Tuesday because of the winter storm hitting the state. After shutting down all operations at 8 pm. Sunday, some services resume this morning and will from 7 a.m. to 8 a.m. both days, […]
Dallas-Fort Worth rail transit to see service reductions as winter storm arrives Transit in the Dallas-Fort Worth area will operate on limited schedules Monday, with some changes beginning Sunday, because of a winter storm forecast calling for significant snowfall. The agencies involved have announced these plans: — Dallas Area Rapid Transit plans to limit light […]
Toronto Transit Commission board votes to close Scarborough line in 2023 The Toronto Transit Commission board has voted in favor of a plan to shut down the Scarborough RT, a 4-mile rail transit line, some seven years before a replacement route is ready. CP24-TV reports the board voted unanimously for the report calling for closure […]
