August 12, 2021 | CP, Headlines, STB
(Source: Railway Age, August 11, 2021) NEW YORK — Canadian Pacific President and CEO Keith Creel on Aug. 6 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at...
August 11, 2021 | CP, Headlines, STB
(Source: Railway Age, August 10, 2021) NEW YORK — More than likely anticipating that the Surface Transportation Board will reject the CN/Kansas City Southern voting trust, and soon — prior to the August 19 KCS shareholder vote to approve or reject CN’s $325 per-share...
August 10, 2021 | CP, Headlines, KCS
(Source: Reuters, August 10, 2021) NEW YORK — Canadian Pacific Railway Ltd. on Tuesday raised its offer to buy Kansas City Southern by about $2 billion to $27.29 billion, deepening a bidding war with larger rival Canadian National Railway Co. The offer marks a u-turn...
August 5, 2021 | CN, CP, Headlines
(Source: Alberta Farmer, August 4, 2021) CALGARY — It was a record-breaking year for both of Canada’s two major freight railways. In separate news releases to the public on August 3, both Canadian National Railway (CN Rail) and Canadian Pacific Railway (CP Rail)...
August 5, 2021 | CN, CP, Headlines
(Source: Canadian Press, August 3, 2021) TORONTO — Canada’s two largest railways say they are unlikely to repeat the record grain shipments they posted in 2020 due to unfavorable weather conditions over the summer. Full story: Toronto Star
August 4, 2021 | CP, Headlines, STB
(Source: Railway Age, August 3, 2021) NEW YORK — The Surface Transportation Board (STB) has granted in part Canadian Pacific’s (CP) petition for declaratory relief: It confirmed that CP may use “discovery” under STB regulations to seek relevant material from Kansas...
August 3, 2021 | CP, Headlines, KCS
(Source: Kansas City Southern press release, August 2, 2021) KANSAS CITY, Mo. — Kansas City Southern (“KCS”) today issued the following statement in response to Canadian Pacific Railway Limited’s (“CP”) filing of a preliminary proxy statement on July 29,...
July 30, 2021 | CP, Headlines, KCS
(Source: BNN Bloomberg News, July 29, 2021) CALGARY — Canadian Pacific Railway Ltd. is calling on Kansas City Southern shareholders to vote against a US$30 billion merger proposal from Canadian National Railway Co. Full story:...
July 29, 2021 | CP, Headlines, KCS
(Source: S&P Global Platts, July 28, 2021) HOUSTON — Canadian Pacific Railway stands ready to re-engage with Kansas City Southern to acquire the U.S. railroad if its deal falls through with its larger rival Canadian National, CP CEO Keith Creel said July 28...
July 29, 2021 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, July 28, 2021) CALGARY — Canadian Pacific Railway Limited today announced second-quarter operating results, including record Q2 revenues of $2.05 billion, an operating ratio (“OR”) of 60.1 percent, record Q2...
