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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 […]
Kansas City Southern’s last new steam locomotives were 10 class J 2-10-4s built by Lima in 1937. As this postwar photo of No. 905 indicates, they were massive machines — those are 70-inch drivers under that giant boiler. Harold K. Vollrath photo […]
Canadian Pacific and Kansas City Southern want to haul produce grown in Mexico to destinations in the Midwest and Canada. The railways ran an interline intermodal train from Laredo to the Midwest this week to test the truck-conversion concept, CP Chief Marketing Officer John Brooks told an investor conference on Tuesday. The train — CP […]
The Battle for Kansas City Southern, culminating in Canadian Pacific’s triumph over Canadian National, is Trains’ top railroading story of the year. (Editor’s note: This may have seemed like a foregone conclusion, but balloting was close, with this story receiving just one more first-place vote and nine more points than the No. 2 story.) Stage […]
KANSAS CITY, Mo. — Kansas City Southern’s sale to Canadian Pacific has officially been completed, allowing the KCS shares to be placed into a voting trust while the deal is reviewed by federal regulators. The $31 billion deal sees KCS stockholders receive 2.884 shares of CP common stock and $90 in case for each share […]
LONDON — Norfolk Southern and Kansas City Southern have received A-minus ratings from global environmental non-profit CDP for their efforts to address climate change. Earlier, Canadian National and CSX had been recognized as among 200 companies worldwide named to CDP’s “A list” [see “Canadian National, CSX named …,” Trains News Wire, Dec. 7, 2021]. Norfolk […]
CALGARY, Alberta — Canadian Pacific shareholders today overwhelmingly approved the railway’s proposed merger with Kansas City Southern. KCS shareholders will vote on the $31 billion deal on Friday. Some 99.9% of CP’s investors voted in favor of the issuance of 277 million CP common shares to Kansas City Southern’s common stockholders. CP shareholders also approved […]
KANSAS CITY, Mo. — Kansas City Southern has launched a challenge grant to boost fundraising for its KCS Holiday Express program. “On this Giving Tuesday, I am proud to announce that KCS will donate $2 for every $1 raised by the Holiday Express project, up to an additional $100,000, between November 30 and December 10, […]
Gaylord Pace wants to know what’s going on with the Kansas City Southern sale. Steve Sweeney gives an update. […]
WASHINGTON – Canadian Pacific and Kansas City Southern will have to study the environmental impacts of their proposed merger, the Surface Transportation Board said today. The railways will have to prepare an environmental impact statement partly due to projected increases in rail traffic on several line segments, most notably on CP’s former Milwaukee Road line […]
The proposed merger of Canadian Pacific and Kansas City Southern – the first combination of Class I systems in two decades, and likely the last – should win favor in Washington. After all, their comprehensive merger application checks all of the Surface Transportation Board’s boxes. More rail competition? Canadian Pacific Kansas City has that in […]
KANSAS CITY, Mo. – Kansas City Southern’s profits slumped in the third quarter due to the impact of merger-related costs, but revenue was up sharply even as volumes declined slightly as a result of auto assembly plant shutdowns and protests that blocked the railroad’s route to a key Mexican port. The railroad today reported that […]
