February 8, 2023 | Contract Negotiations, CP-KCS Merger, News, Top News
INDEPENDENCE, Ohio, February 8 — The Brotherhood of Locomotive Engineers and Trainmen (BLET) has reached a tentative implementing agreement with the Kansas City Southern (KCS) and Dakota, Minnesota & Eastern (DM&E) Railroads. Ballots were mailed earlier today,...
February 6, 2023 | CP-KCS Merger, Headlines, STB
(Source: Freight Waves, February 1, 2023) Canadian Pacific officials are upbeat about what 2023 might bring for the railway, with U.S. regulators poised to move soon on CP’s request to merge with Kansas City Southern. Full story: Freight Waves
February 1, 2023 | CP, CP-KCS Merger, Headlines, Quarterly Income
(Source: Canadian Press, January 31, 2023) In a conference call to discuss fourth-quarter financial results, CP’s CEO Keith Creel said the Calgary-headquartered railway is in growth mode as it awaits a decision by the U.S. Surface Transportation Board. During...
February 1, 2023 | CP-KCS Merger, Headlines, STB
(Source: Railway Age, January 31, 2023) The Surface Transportation Board on Jan. 27 completed a final, critical (and very lengthy) step in its consideration of the proposed Canadian Pacific-Kansas City Southern merger to form CPKC (Canadian Pacific Kansas City), North...
January 31, 2023 | CP-KCS Merger, Headlines, STB
(Source: Freight Waves, January 30, 2023) 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...
January 30, 2023 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, January 27, 2023) The Canadian Pacific-Kansas City Southern merger would cause few adverse environmental impacts aside from increased train noise in some locations, the Surface Transportation Board said in its final environmental impact...
January 30, 2023 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, January 27, 2023) As part of their merger, Canadian Pacific and Kansas City Southern will work with a group of Chicago-area communities on voluntary measures to address traffic concerns in those communities, the railroads say in the final...
January 27, 2023 | CP-KCS Merger, Headlines, STB
(Source: Iowa Public Radio, January 26, 2023) The Department of Justice wrote a letter this week saying it continues to have concerns about the impact more railroads in fewer hands has on competition in the industry. The Department of Justice’s Antitrust Division has...
January 26, 2023 | CP-KCS Merger, Headlines, STB
(Source: Railway Age, January 25, 2023) The U.S. Department of Justice’s (DOJ) Antitrust Division on Jan. 24 reaffirmed its “support for the [Surface Transportation] Board’s review process and careful scrutiny of the competitive implications of the proposed...
January 26, 2023 | CN, CP-KCS Merger, Headlines, STB
(Source: Seeking Alpha, January 25, 2023) Canadian Pacific dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. railroad regulator should block the Canadian Pacific (CP) merger with Kansas City Southern. CP was also likely weaker following guidance from...
