Kansas City Southern de Mexico

Canadian Pacific CEO defends PSR, eager for merger with KCS

A train with the letters "CP" painted on the front of a locomotive travels in front a snow-capped mountain.

Deploying precision scheduled railroading (PSR) is an art and a process, and the operational model shouldn’t be blamed for poor rail service, Canadian Pacific President and CEO Keith Creel told investors during a second-quarter 2022 earnings call Thursday.

“To truly integrate and implement a PSR railroad, it’s a very well thought-out process …,” Creel said. “You’ve got to have the right number of crews. You’ve got to have the right number of locomotives. You’ve got to have the right number of...

https://www.freightwaves.com/news/canadian-pacific-ceo-defends-psr-eager-for-merger-with-kcs

Regulators to conduct hearing on CP’s plan to merge with KCS

A photograph of two locomotives. One is from Canadian Pacific and the other is from Kansas City Southern.

The Surface Transportation Board will conduct a three-day hearing in September on the proposed merger between Canadian Pacific and Kansas City Southern in order to speak directly with the railways, as well as any other interested parties, about issues that have arisen during the proceeding.

“I have strongly favored public hearings in our proceedings, which not only allow the board members to deeply explore the issues with our stakeholders but also advance transparency into our decision-making,”...

https://www.freightwaves.com/news/regulators-to-conduct-hearing-on-cps-plan-to-merge-with-kcs

Los reguladores celebrarán una audiencia sobre el plan de CP para fusionarse con KCS 

A photograph of two locomotives. One is from Canadian Pacific and the other is from Kansas City Southern.

La Junta de Transporte de Superficie llevará a cabo una audiencia de tres días en septiembre sobre la propuesta de fusión entre Canadian Pacific y Kansas City Southern con el fin de hablar directamente con los ferrocarriles, así como con cualquier otra parte interesada, sobre las cuestiones que han surgido durante el procedimiento.

“He sido un firme partidario de las audiencias públicas en nuestros procedimientos, que no sólo permiten a los miembros de la junta explorar en profundidad las...

https://www.freightwaves.com/news/los-reguladores-celebraran-una-audiencia-sobre-el-plan-de-cp-para-fusionarse-con-kcs

Kansas City Southern de Mexico invests in Celeya railway bypass

A train that says Kansas City Southern on its side is parked at a rail yard.

Kansas City Southern de Mexico plans to invest as much as $4 billion pesos ($195 million) in the Celaya-NBA Line Railway Bypass and supporting infrastructure.

KCSM made the investment agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT).

In response to KCSM’s investment, SICT has added 10 years to the railroad’s concession title. The amendment provides KCSM with exclusive rights to the railway bypass, located northwest of Mexico City, through 2037.

“This...

https://www.freightwaves.com/news/kansas-city-southern-de-mexico-invests-in-celeya-railway-bypass

Surface Transportation Board receives earful on CP-KCS merger

A red train with the words "Canadian Pacific" on its side travels through a railroad crossing.

The Surface Transportation Board has been receiving testimony on the proposed merger between Canadian Pacific and Kansas City Southern — and it’s been an earful.

Shareholders of CP (NYSE: CP) and KCS approved the $31 billion deal in December and the merger is now before STB for review. CP has said it hopes for STB approval by early 2023.

Below is just a smattering of excerpts from recent testimony provided to the board: 

BNSF: Ensure access to Laredo Gateway and address potential traffic jams in...

https://www.freightwaves.com/news/surface-transportation-board-receives-earful-on-cp-kcs-merger

Borderlands: Exports, production of heavy-duty trucks from Mexico drop in May

Exports, production of heavy-duty trucks from Mexico drop in May

Mexico’s truck production and exports continue to be affected by global supply chain issues and parts shortages, officials said.

Exports of Mexican-made heavy-duty cargo trucks fell 24% year-over-year in May to 6,021 units, while production fell 20% year-over-year to 7,179 units.

Both export and production figures for May represent the lowest totals so far in 2022 for Mexico’s truck production and export industry.

“One day you’re...

https://www.freightwaves.com/news/exports-of-heavy-duty-trucks-from-mexico-drop-in-may

New freight, passenger rail services offer more connections to Chicago

A composite image consisting of two photographs of train locomotives.

Efforts to ramp up passenger and freight rail in the Midwest got a boost this week from two separate announcements citing additional opportunities to access Chicago.

Canadian Pacific said Wednesday it is working with Kansas City Southern to launch an international intermodal train service between Lazaro Cardenas in Mexico and Chicago. The first train for this service offloaded containers at CP’s Bensenville Yard in suburban Chicago on Tuesday morning, after having originated from Lazaro...

https://www.freightwaves.com/news/new-freight-passenger-rail-services-offer-more-connections-to-chicago

CN, other Class I railroads push back on CP-KCS merger

Four Class I railroads say federal regulators should not approve Canadian Pacific’s plan to merge with Kansas City Southern without any strings attached.

The railroads say the Surface Transportation Board must first place conditions on CP that would ensure shipper competition, according to filings submitted this week. The merged company would be known as CPKC.

CN is pushing forward with recommending that a portion of KCS’ network be transferred to CN (NYSE: CNI) as part of a condition for the $31...

https://www.freightwaves.com/news/cn-other-class-i-railroads-push-back-on-cp-kcs-merger

KCS sees opportunities for ‘productivity gains when volume recoveries occur’

Although refined products volumes to Mexico have been curtailed by a government crackdown on companies seeking to avoid paying taxes, Kansas City Southern still expects growth opportunities for shipping imported refined products into Mexico in the long term, KCS executives told investors Thursday while they were on a fourth-quarter 2021 earnings call earnings call with Canadian Pacific.

KCS executives were on CP’s (NYSE: CP) earnings call because of the agreement between both companies to merge....

https://www.freightwaves.com/news/kcs-sees-opportunities-for-productivity-gains-when-volume-recoveries-occur

Mexican regulators approve CP-KCS merger

A photograph of a Kansas City Southern grain hopper on a rail track.

The Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute have given regulatory approval of the proposed merger between Canadian Pacific and Kansas City Southern, both companies announced Friday. 

CP (NYSE: CP) and KCS (NYSE: KSU) needed approval from Mexican regulators because KCS has operations in Mexico.

“This important milestone marks the next step on our path to creating the first single-line rail network linking the U.S., Mexico and Canada,”...

https://www.freightwaves.com/news/mexican-regulators-approve-cp-kcs-merger

+ More