December 13, 2021 | CP, Headlines, KCS
(Source: Canadian Pacific Railway press release, December 8, 2021) CALGARY — Canadian Pacific Railway Limited (CP) today announced that its shareholders voted overwhelmingly in favor of the issuance of CP common shares to Kansas City Southern (KCS) common stockholders...
November 30, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, November 30, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced in September that it would celebrate the 21st anniversary of its KCS Holiday Express program with a fundraiser to benefit The Salvation Army in 21...
November 30, 2021 | CP, Headlines, KCS, STB
(Source: Associated Press, November 23, 2021) KANSAS CITY, Mo. — The U.S. Surface Transportation Board decided that Canadian Pacific’s merger application is complete, dismissing concerns from other railroads. The board also laid out a schedule for its review of the...
November 30, 2021 | CP, Headlines, KCS
(Source: Associated Press, November 28, 2021) KANSAS CITY, Mo. — Mexican regulators have approved Canadian Pacific’s $31 billion plan to acquire Kansas City Southern and create a railroad linking Mexico, Canada and the United States. Full story: Associated...
November 19, 2021 | CP, Headlines, KCS
(Source: Railway Age, November 18, 2021) NEW YORK — In two separate offerings, one in Canada, one in the United States, Canadian Pacific (CP) is issuing several billion dollars in debt to “indirectly fund, in part, the cash consideration required for the acquisition...
November 18, 2021 | CP, Headlines, KCS
(Source: Bloomberg, November 17, 2021) NEW YORK — Canadian Pacific Railway Ltd. raised US$8.45 billion by selling investment-grade bonds in U.S. and Canadian dollars to help fund its acquisition of Kansas City Southern. Full story: BNN Bloomberg
November 18, 2021 | BNSF, CP, Headlines, KCS, STB
(Source: Progressive Railroading, November 17, 2021) BNSF Railway Co. has asked the Surface Transportation Board (STB) to extend its the proposed timeline for making comments on or objections to Canadian Pacific’s application to acquire Kansas City Southern....
November 16, 2021 | CP, Headlines, KCS, STB, UP
(Source: Trains Magazine, November 15, 2021) WASHINGTON, D.C. — Union Pacific has asked the Surface Transportation Board (STB) to delay and extend its review of the proposed merger of Canadian Pacific and Kansas City Southern. Full story: Trains...
November 15, 2021 | CP, Headlines, KCS, STB
(Source: Railway Age, November 12, 2021) NEW YORK — The Surface Transportation Board (STB) will assess environmental impacts of the proposed Canadian Pacific (CP)-Kansas City Southern (KCS) merger; it’s expected that the environmental review process will wrap up...
November 15, 2021 | BNSF, CN, CP, Headlines, KCS, STB
(Source: Trains Magazine, November 12, 2021) WASHINGTON, D.C. — BNSF Railway and Canadian National have raised issues with federal regulators’ timeline for review of the proposed Canadian Pacific-Kansas City Southern merger. BNSF seeks more time regarding Mexico...
