December 28, 2021 | CP, Headlines, KCS, STB
(Source: Muscatine Journal, December 27, 2021) MUSCATINE, Iowa — With the proposed merger of two railways promising to bring more rail traffic to Muscatine, city officials are encouraging the public to get involved in making sure the change is an opportunity for the...
December 28, 2021 | CP, Headlines, KCS, Legislation, PSR
(Source: Freight Waves, December 24, 2021) CHATTANOOGA, Tenn. — While 2020 was a roller coaster year for all modes of freight transportation because of how the COVID-19 pandemic upended day-to-day life in North America, 2021 had its share of ups and downs as well. The...
December 21, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, December 20, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that the 21st anniversary KCS Holiday Express program in partnership with The Salvation Army has raised over $280,000 to benefit The Salvation...
December 20, 2021 | CP, Headlines, KCS, STB
(Source: Railway Age, December 17, 2021) NEW YORK — The public now has until Jan. 3, 2022 to provide comments on the scope of environmental review for the proposed Canadian Pacific-Kansas City Southern merger, the Surface Transportation Board (STB) reported on Dec....
December 20, 2021 | CP, Headlines, KCS, STB
(Source: Trains Magazine analysis by Bill Stephens, December 17, 2021) WASHINGTON, D.C. — Do railroad mergers live up to the hype? It’s a question that’s been rattling around in my head as federal regulators review the Canadian Pacific-Kansas City Southern merger, the...
December 17, 2021 | CP, Headlines, KCS, Oil Train
(Source: Freight Waves, December 16, 2021) CHATTANOOGA, Tenn. — The bitumen-by-rail project to produce and transport a type of heavy Canadian crude oil to the U.S. Gulf Coast is now fully operational, according to project organizers US Development Group (USD)...
December 17, 2021 | CP, Headlines, KCS, STB
(Source: Quad City Times, December 16, 2021) DAVENPORT, Iowa — A pending railroad merger would nearly triple the number of trains per day traveling through the Iowa Quad-Cities, raising concerns among Davenport and Bettendorf leaders about noise, safety and the...
December 15, 2021 | CP, Headlines, KCS, STB
(Source: Associated Press, December 14, 2021) OMAHA, Neb. — A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad. Full...
December 14, 2021 | CP, Headlines, KCS, STB
(Source: Canadian Pacific Railway press release, December 14, 2021) CALGARY — Canadian Pacific Railway Limited (“CP”) today announced the completion of its acquisition of Kansas City Southern (“KCS”). The transaction represents an enterprise value of approximately...
December 13, 2021 | CP, Headlines, KCS
(Source: Kansas City Southern press release, December 10, 2021) KANSAS CITY, Mo. — Kansas City Southern (“KCS”) announced that the Company’s stockholders have voted to approve the previously announced combination with Canadian Pacific Railway Limited (“CP”) at today’s...
