Commentary

Reciprocal Switch Peril Grows

No two words torment railroad executives and their investors more than “reciprocal switching”—a potential Surface Transportation Board (STB) decree that a railroad with sole physical access to a shipper facility transfer (switch) a shipper’s cars to a junction point with a second (competing) railroad. The second railroad pays a compensatory per-car switching fee whose reasonableness is determined by the STB.

CP, KCS Close Into Voting Trust

Canadian Pacific (CP) on Dec. 14 completed its acquisition of Kansas City Southern (KCS); KCS shares have been placed into a voting trust until the Surface Transportation Board (STB) issues a decision on railroads’ proposed combination, Canadian Pacific Kansas City, which is expected in fourth-quarter 2022.

KCS Recognized for Environmental Leadership

Kansas City Southern (KCS) has earned an A- rating for climate change disclosure from global environmental non-profit CDP.

KCS Stockholders Back CPKC

Kansas City Southern (KCS) stockholders have approved the railroad’s planned combination with Canadian Pacific (CP), which would form the first U.S.-Mexico-Canada rail network.

Will New Orleans-Baton Rouge Passenger Rail Service Return?

Canadian Pacific is committed to establishing New Orleans-Baton Rouge passenger service if the railroad’s proposed merger with Kansas City Southern is approved, Senior Vice President of Strategic Planning and Technology Transformation James Clements told Louisiana officials on Dec. 8.

Votes Are In: CP Shareholders Support CPKC

Canadian Pacific (CP) shareholders “overwhelmingly support” the proposed CP-Kansas City Southern (KCS) merger agreement, CP reported on Dec. 8, following a virtual shareholder meeting; the merger would create Canadian Pacific Kansas City (CPKC), the first U.S.-Mexico-Canada rail network.

KCS Delivers Grain Milestones

Kansas City Southern (KCS) on Dec. 2 reported setting record daily average grain carloads in November 2021, exceeding the previous record set in October 2021.

KCS Announces ‘Holiday Express’ Challenge

Kansas City Southern’s (KCS) Holiday Express program has raised nearly $120,000 this year to benefit The Salvation Army in 21 communities across its U.S. rail network, and the Class I railroad has issued a challenge grant to raise even more.

Mexican Authorities OK CPKC

Canadian Pacific (CP) and Kansas City Southern (KCS) have received the required Mexican regulatory pre-transaction control approvals for their proposed combination, Canadian Pacific Kansas City.

STB: CP-KCS Merger Proceeding Will Proceed (Updated)

The Surface Transportation Board (STB) has accepted for consideration the Canadian Pacific (CP)-Kansas City Southern (KCS) merger application submitted on Oct. 29.

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