April 21, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, April 20, 2021) CALGARY — Canadian Pacific Railway Limited today issued the following statement regarding Canadian National’s unsolicited offer to acquire Kansas City Southern (“KCS”): Canadian...
April 20, 2021 | CP, Headlines
(Source: CBC News, April 19, 2021) OTTAWA — As CP Train 301 rolled away from where it sat, parked on a mountain slope just west of the Alberta border — one of the most dangerous stretches of rail in North America — the doomed crew hopped aboard, believing they would...
April 16, 2021 | CP, Headlines
(Source: Railway Age, April 15, 2021) NEW YORK — Merger applicants Canadian Pacific (CP) and Kansas City Southern (KCS) are refuting the U.S. Department of Justice’s (DOJ) recent filing with the Surface Transportation Board (STB) questioning use of a voting trust and...
April 16, 2021 | CP, Headlines
(Source: Railway Age, April 15, 2021) NEW YORK — SMART Transportation Division (SMART-TD) President Jeremy R. Ferguson has sent a letter to Canadian Pacific (CP) President and CEO Keith Creel stating that the union he runs generally supports what CP and Kansas City...
April 16, 2021 | CP, Headlines
(Source: Motley Fool, April 15, 2021) NEW YORK — The Department of Justice has some doubts about a novel merger arrangement between Canadian Pacific and Kansas City Southern, calling into question whether Kansas City Southern shareholders will get their payout this...
April 15, 2021 | CP, Headlines
(Source: Freight Waves, April 14, 2021) CHATTANOOGA, Tenn. — The U.S. Department of Justice (DOJ) and Canadian Pacific disagree on whether CP’s use of a voting trust during its proposed acquisition of Kansas City Southern will interfere with how regulators review the...
April 14, 2021 | CP, Headlines
(Source: Freight Waves, April 13, 2021) CHATTANOOGA, Tenn. — As Canadian Pacific and Kansas City Southern press the Surface Transportation Board (STB) to approve their proposed merger, the issue of rail service is going to serve as a “key flashpoint,” according to an...
April 14, 2021 | CP, Headlines
(Source: Railway Age, April 13, 2021) NEW YORK — Canadian Pacific (CP) and Kansas City Southern (KCS) submitted a filing to the Surface Transportation Board (STB) asserting what they say is their “right” to have their merger reviewed under a waiver the STB granted to...
April 14, 2021 | CP, Headlines
(Source: American Journal of Transportation, April 13, 2021) NEW YORK — The U.S. Department of Justice urged the regulator that oversees rail mergers to keep Canadian Pacific Railway Ltd. and Kansas City Southern from combining their shares before their proposed...
April 13, 2021 | CP, Headlines
(Source: Canadian Pacific and Kansas City Southern press release, April 12, 2021) CALGARY and KANSAS CITY, Mo. — Canadian Pacific Railway Limited and Kansas City Southern today made a filing with the Surface Transportation Board asserting their right to have the STB...
