KANSAS CITY, Mo. — Kansas City Southern has launched a challenge grant to boost fundraising for its KCS Holiday Express program. “On this Giving Tuesday, I am proud to announce that KCS will donate $2 for every $1 raised by the Holiday Express project, up to an additional $100,000, between November 30 and December 10, […]
Mexican regulators have given their approval to the planned merger of Canadian Pacific and Kansas City Southern. The railroads announced on Nov. 26 that they had received the required approval from the Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute. “This important milestone marks the next step on our path to creating […]
Gaylord Pace wants to know what’s going on with the Kansas City Southern sale. Steve Sweeney gives an update. […]
WASHINGTON — Federal regulators have accepted the Canadian Pacific-Kansas City Southern merger application and set a timetable for review of the first proposed merger of Class I railroads in two decades. In accepting the application today, the Surface Transportation Board rejected Union Pacific’s contention that CP and KCS failed to provide sufficient information about the […]
WASHINGTON — Union Pacific has urged federal regulators to reject the Canadian Pacific-Kansas City Southern merger application, arguing that it doesn’t contain enough market or operational data to meet requirements — a view subsequently supported by Canadian National. UP, in a filing with the Surface Transportation Board late Friday, said CP took shortcuts in its […]
WASHINGTON – Union Pacific has asked federal regulators to delay and extend their review of the proposed merger of Canadian Pacific and Kansas City Southern. UP wants the Surface Transportation Board to treat the CP-KCS merger application as if it were filed on Dec. 15, some 47 days after it was actually filed. UP contends […]
WASHINGTON — BNSF Railway and Canadian National have raised issues with federal regulators’ timeline for review of the proposed Canadian Pacific-Kansas City Southern merger. BNSF, in a filing posted today on the Surface Transportation Board’s website, said the 90-day comment period was insufficient given the ramifications of how the merger would affect traffic moving between […]
WASHINGTON – Canadian Pacific and Kansas City Southern will have to study the environmental impacts of their proposed merger, the Surface Transportation Board said today. The railways will have to prepare an environmental impact statement partly due to projected increases in rail traffic on several line segments, most notably on CP’s former Milwaukee Road line […]
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 competition? Canadian Pacific Kansas City has that in […]
Canadian Pacific and Kansas City Southern have scheduled special stockholder meetings for votes on their proposed merger. Both meetings will be conducted online. CP will go first, on Dec. 8 at 11 a.m. EST, for shareholders to vote on the issuance of CP common shares for KCS stockholders. All shareholders of CP common stock as […]
WASHINGTON — The Surface Transportation Board has laid out a 245-day schedule for submission of evidence and arguments on the merger application for Canadian Pacific and Kansas City Southern under a proposal released Tuesday afternoon — envisioning a longer process than the railroads had hoped for. The 245-day plan would proceed from last Friday, Oct. […]
WASHINGTON – Canadian Pacific and Kansas City Southern say their proposed merger will generate significant traffic growth, with daily train counts on the combined system’s north-south spine projected to more than double within three years. The traffic details were among those included in the railways’ 4,342-page, 1-gigabyte merger application filed with U.S. regulators late Friday. […]
