Kansas City Southern

Canadian Pacific and Kansas City Southern officially merge

Friday marks the first day of Canadian Pacific Kansas City (CPKC), the combined company of Canadian Pacific (NYSE: CP) and Kansas City Southern, and ends the journey that officially started just over two years ago in March 2021 when CP first declared publicly its interest in merging with KCS.

“Today, we celebrate this historic combination creating a truly unique single-line rail network that begins a new chapter of railroad history in North America,” CPKC President and Chief Executive Officer...

https://www.freightwaves.com/news/canadian-pacific-and-kansas-city-southern-officially-merge

$31B merger will make rail industry even more consolidated  

Dear devoted MODESians,

The first episode of MODES hits the airways Thursday. You can watch at 2 p.m. EDT on FreightWaves TV or simply listen wherever you get your podcasts. I don’t have the link right now because it’s recorded live, so you’re just going to have to look it up later! 

Federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern on March 15. The decision is effective April 14 and will form a new rail carrier to be called Canadian Pacific Kansas...

https://www.freightwaves.com/news/31b-merger-will-make-rail-industry-even-more-consolidated

CN reaches labor agreement with Unifor

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Canadian railway CN has reached tentative agreements with two labor groups affiliated with Unifor, a...

https://www.freightwaves.com/news/cn-reaches-labor-agreement-with-unifor

Canadian Pacific announces leadership of merged company

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Canadian Pacific on Friday laid out its leadership roster as the railway becomes a merged company...

https://www.freightwaves.com/news/canadian-pacific-announces-leadership-of-merged-company

Rail shippers watching to see whether any benefits come from CP-KCS merger

Rail shippers are waiting to see whether the merger of Canadian Pacific and Kansas City Southern will actually enhance competition and provide them with more choices.

The Surface Transportation Board issued a decision Wednesday approving the deal, saying CP (NYSE: CP) and KCS would be able to promote competition better as a merged railroad company than as separate entities. The merged company, Canadian Pacific Kansas City or CPKC, is expected to start operating around April 14.

However, STB also...

https://www.freightwaves.com/news/rail-shippers-watching-to-see-whether-any-benefits-come-from-cp-kcs-merger

Regulators OK Canadian Pacific-Kansas City Southern merger

This story is developing.

The Surface Transportation Board has approved, with conditions, Canadian Pacific’s plans to merge with Kansas City Southern, paving the way for CP to take control of KCS as early as April 14.

The conditions include an “unprecedented” seven-year oversight in which CP (NYSE: CP) and KCS will provide extensive data to STB on issues raised during the approval process, including whether the merged company is preserving efficient interline operations at affected gateways, as...

https://www.freightwaves.com/news/regulators-ok-canadian-pacific-kansas-city-southern-merger

Illinois lawmakers want regulators to delay decision on CP-KCS merger

Four congressional leaders from Illinois want the Surface Transportation Board to hold off on making a decision about whether to approve the merger between Canadian Pacific and Kansas City Southern because of their concerns about the data used in the environmental impact statement (EIS) prepared by the board.

The Illinois delegation consisting of U.S. Senate Majority Whip Dick Durbin, Sen. Tammy Duckworth and Reps. Raja Krishnamoorthi and Delia Ramirez, all Democrats, is calling for the data...

https://www.freightwaves.com/news/illinois-lawmakers-want-regulators-to-delay-decision-on-cp-kcs-merger

Canadian Pacific ‘ready to roll’ on Kansas City Southern merger

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Canadian Pacific officials are upbeat about what 2023 might bring for the railway, with U.S....

https://www.freightwaves.com/news/canadian-pacific-ready-to-roll-on-kansas-city-southern-merger

Noise still main consequence of proposed CP-KCS merger

The Surface Transportation Board’s Office of Environmental Analysis upheld its conclusion that increased railroad noise levels in some communities would be the greatest environmental impact resulting from the merger between Canadian Pacific and Kansas City Southern, according to a final statement released Friday.

While the final environmental impact statement (EIS) didn’t find any other significant consequences resulting from the merger, it provided recommendations that STB could use as...

https://www.freightwaves.com/news/noise-still-main-consequence-of-proposed-cp-kcs-merger

Class I railroads earn environmental accolades

A number of Class I railroads have recently earned recognition for efforts to follow guidelines promoting environmental, social and governance (ESG) values. Rail technology provider Wabtec also received accolades for its battery-electric locomotives.

The Dow Jones Sustainability North America Index (DSJI) named CSX (NASDAQ: CSX), Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to its annual list of companies to achieve high scores on S&P Global’s Corporate Sustainability Assessment (CSA). 

More...

https://www.freightwaves.com/news/class-i-railroads-earn-environmental-accolades

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