April 13, 2021 | CP, Headlines
(Source: Freight Waves, April 12, 2021) CHATTANOOGA, Tenn. — Canadian Pacific and Kansas City Southern have submitted 75 more letters from a variety of organizations to the Surface Transportation Board (STB) in support of the merger between the two Class I railroads....
April 13, 2021 | CP, Headlines
(Source: Bloomberg, April 12, 2021) NEW YORK — Canadian Pacific Railway Ltd. has finally found the right target to realize its vision for railroad consolidation. The company agreed in March to acquire Kansas City Southern for $275 a share, or about $29 billion...
April 12, 2021 | CP, Headlines
(Source: Railway Age, April 9, 2021) NEW YORK — At Cowen and Company, we are updating our rail models to reflect carload data and costs associated with severe weather and fuel in the first quarter. While demand rebounded following widespread winter storms, we have...
April 7, 2021 | CP, Headlines
(Source: Freight Waves, April 6, 2021) CHATTANOOGA, Tenn. — More shippers and other stakeholders have lent their support to the proposed merger between Canadian Pacific and Kansas City Southern. Full story: Freight Waves
April 6, 2021 | CP, Headlines
(Source: Progressive Railroading, April 1, 2021) Canadian Pacific and Kansas City Southern announced yesterday they’ve received statements from nearly 260 shippers, other railroads, economic development authorities, ports and other supporters for the Class...
March 30, 2021 | CP, Headlines
(Source: Financial Post, March 26, 2021) OTTAWA — Canadian Pacific Railway Ltd.’s plan to purchase Kansas City Southern will vie for business story of the year, but its long-time rival, Canadian National Railway Co., also has been doing some things that could help it...
March 30, 2021 | CP, Headlines
(Source: World Grain, March 29, 2021) KANSAS CITY, Mo. — Moving freight by truck and by rail was generally smooth last week, grain market participants said. While finding available trucks and willing drivers remain a challenge long term, the situation had improved...
March 29, 2021 | CP, Headlines
(Source: Argus Media, March 26, 2021) OTTAWA — Shippers are holding judgment regarding Canadian Pacific’s (CP) planned acquisition of US railroad Kansas City Southern (KCS), saying they need more time to analyze how the deal would affect rail service. Full...
March 25, 2021 | CP, Headlines
(Source: Freight Waves, March 24, 2021) CHATTANOOGA, Tenn. — Canadian Pacific announced plans to acquire Kansas City Southern for $29 billion on Sunday morning. Here are five initial impressions from Wall Street transportation analysts about this proposed transaction....
March 25, 2021 | CP, Headlines
(Source: Progressive Railroading, March 24, 2021) Canadian Pacific’s proposed $25 billion acquisition of Kansas City Southern offers “renewed hope” for expanded access to U.S. Gulf Coast refineries by Canadian oil producers in the wake of the Biden...
