Commentary

CP-KCS Merger: Let the Games Begin

Several shipper trade associations, a major agricultural shipper and four of the remaining five North American Class I railroads have asked the Surface Transportation Board to review Canadian Pacific’s proposed acquisition of Kansas City Southern under the more stringent 2001 merger rules. A few argue that the smallest Class I rail carrier, KCS, should not get a “gentle pass” STB review. As to the merger itself, most support it, with a few notable exceptions.

Canadian Pacific/Kansas City Southern Merger, with Keith Creel and Pat Ottensmeyer: RAIL GROUP ON AIR

Early on March 21, the big announcement came: Canadian Pacific Railway will acquire Kansas City Southern in a cash and stock transaction worth $29 billion in U.S. dollars. The combined Class I

CP Amends Creel’s Contract

The Canadian Pacific Railway Ltd. (CP) Board of Directors and President and CEO Keith Creel have agreed on contract amendments to retain his leadership.

Canadian Pacific, Kansas City Southern Will Merge into “The First USMCA Railroad,” CPKC (UPDATED)

Canadian Pacific Railway Ltd. (CP) will acquire Kansas City Southern (KCS) in a cash and stock transaction worth US$29 billion, the two Class I railroads announced early March 21. The combined entity will be named Canadian Pacific Kansas City (CPKC).