April 27, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, April 26, 2021) CALGARY — Canadian Pacific Railway Limited issued the following statement about Canadian National’s (CN’s) request to name David Starling as intended trustee in its unsolicited bid of Kan-sas...
April 26, 2021 | CP, Headlines
(Source: Canadian Press, April 23, 2021) CALGARY — Railroad shippers have a much more negative view of a bid by Canadian National Railway Co. to take over the Kansas City Southern railroad than a competing offer by Canadian Pacific Railway Ltd., according to a...
April 26, 2021 | CP, Headlines
(Source: Freight Waves, April 23, 2021) CHATTANOOGA, Tenn. — The chair of the House Transportation and Infrastructure Committee panned competing efforts by two Canadian railways to acquire Kansas City Southern, saying the offers threaten to usher in a new round of...
April 26, 2021 | CP, Headlines
(Source: Railway Age, April 24, 2021) NEW YORK — As soon as the STB issued its decision granting Kansas City Southern a waiver from prevailing merger rules established about 20 years ago, KCS—following the terms of its existing merger agreement with Canadian...
April 22, 2021 | CP, Headlines
(Source: Railway Age, April 21, 2021) NEW YORK — Canadian Pacific (CP) outlined why its combination with Kansas City Southern (KSC) is the only one “involving KCS that is in the public interest,” in an April 21 letter filed with the Surface Transportation Board (STB)....
April 22, 2021 | CP, Headlines
(Source: Canadian Press, April 21, 2021) CALGARY — The CEO of Canadian Pacific Railway Ltd. says a rival bid for Kansas City South-ern by Canadian National Railway Co. carries a bigger price tag but can’t win U.S. regulatory ap-proval because of its negative...
April 22, 2021 | CP, Headlines
(Source: Associated Press, April 21, 2021) OMAHA, Neb. — Canadian Pacific railroad continued its assault on rival Canadian National’s competing $33.7 billion bid to buy Kansas City Southern railroad Wednesday in a formal letter to regulators. Full story:...
April 22, 2021 | CP, Headlines
(Source: Reuters, April 21, 2021) CALGARY — Canadian Pacific Railway Chief Executive Keith Creel said on Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is “not a real deal.” Full...
April 22, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, April 21, 2021) CALGARY — Canadian Pacific Railway Limited today announced first-quarter operating results, including revenues of $1.96 billion, an operating ratio (“OR”) of 60.2 percent, adjusted OR of 58.5...
April 22, 2021 | CP, Headlines
(Source: Freight Waves, April 21, 2021) CHATTANOOGA, Tenn. — Canadian Pacific’s freight revenue for the first quarter of 2021 slipped 4% to CA$1.96 billion amid flat year-over-year volumes and a 2.5% decline in operating expenses. One Canadian dollar equals 80 cents...
