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CALGARY, Alberta — Canadian Pacific and Kansas City Southern continue to test interline moves linking Canada, the U.S., and Mexico as a prelude to eventual single-line service once their proposed merger is approved. The railroads have operated six or seven international intermodal trains from the Port of Lazaro Cardenas, on Mexico’s west coast, to Chicago, […]
CALGARY, Alberta — Canadian Pacific posted higher quarterly revenue and operating income despite a decline in volume that was largely driven by the small Canadian grain crop. Operating income rose 6%, to $868 million, as revenue rose 7%, to $2.1 billion, CP announced on Thursday morning. Earnings per share, adjusted for the impact of one-time items, […]
WASHINGTON – Illinois Sens. Dick Durbin and Tammy Duckworth, along with two of the state’s representatives, have told federal regulators that they oppose the merger of Canadian Pacific and Kansas City Southern, citing projections of increased freight traffic in Chicago and its suburbs. “The proposed merger will reportedly more than triple freight rail traffic on […]
WASHINGTON – The Surface Transportation Board in September will hold a three-day public hearing on the proposed Canadian Pacific-Kansas City Southern merger. The hearing, set for Sept. 28, 29, and 30 at the board headquarters, will be livestreamed online, the board announced in a decision released on Friday. Speakers wishing to participate in the hearing […]
KANSAS CITY, Mo. — Kansas City Southern de Mexico’s exclusive operating concession for its routes in Mexico have been extended by 10 years as part of an agreement with the Mexican government to invest in a new rail bypass route. The agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT) extends the concession […]
WASHINGTON — Canadian Pacific and Kansas City Southern — responding to critics, skeptics, and opponents — told federal regulators this week that their proposed merger is in the public interest and should be approved. The railroads, in a three-volume, 4,374-page filing, argued that the first merger of Class I railroads in two decades should sail through […]
A Kansas City Southern intermodal train heads for the Union Pacific Brownsville Subdivision at Robstown, Texas, in November 2017. Bill Stephens WASHINGTON – Projected traffic increases from the Canadian Pacific-Kansas City Southern merger will put the critical Houston terminal into gridlock, BNSF Railway has warned federal regulators this week, citing a new analysis. CP and […]
WASHINGTON — Canadian Pacific believes concerns by Chicago’s Metra over its proposed merger with Kansas City Southern are largely unfounded, based on erroneous analysis, and involve unreasonable requests for conditions to the merger. But for all that, CP says it is committed to supporting Metra operations and improving its relationship with the commuter agency. The […]
WASHINGTON – Amtrak has urged federal regulators to reject Canadian National’s quest to obtain Kansas City Southern’s former Gateway Western trackage as a condition of the proposed Canadian Pacific-KCS merger. CN aims to create a new single-line route dubbed the Springfield Speedway that would link Kansas City and St. Louis with Chicago, Detroit, and Eastern […]
WASHINGTON – The Canadian Pacific-Kansas City Southern merger will snarl rail traffic in Chicago, particularly at a key junction where CP operates on trackage rights over Canadian National and Metra, CN has told federal regulators. CP says the merger will generate significant growth in intermodal and automotive traffic that will be sorted at its Bensenville […]
WASHINGTON — In March, Metra said it would oppose the Canadian Pacific-Kansas City Southern merger because changes to freight operations in the Chicago area would increase commuter train delays by 400%. Last month, Metra’s more detailed analysis of the revised operating plan CP and KCS submitted to federal regulators showed the merger actually would increase […]
WASHINGTON — As part of their review of the Canadian Pacific-Kansas City Southern merger, federal regulators will consider requests for conditions from Canadian National and Norfolk Southern. The Surface Transportation Board on July 1 said that it has accepted the so-called responsive applications from CN and NS. CN has asked the board to force CP […]
