Introducing the all-new Trains.com Forum! Become a part of our Community! >>VISIT NOW
Will Canadian Pacific’s proposed acquisition of Kansas City Southern be the spark that ignites the final round of railroad consolidation in North America? It’s a question that’s been coming up since CP and KCS announced their blockbuster $29 billion deal on March 21. Most analysts agree that CP+KCS won’t lead to the creation of two […]
Any way you look at it, Canadian Pacific’s proposed acquisition of Kansas City Southern is a blockbuster deal. It creates the first railroad to link the U.S., Mexico, and Canada. It gives shippers from both railroads more single-line service options. And it will boost competition – with other railroads and, more importantly, trucks – in […]
CP, KCS say 45 more entities have filed statements of support for merger Canadian Pacific and Kansas City Southern says 45 more customers, ports, and other entities have filed statements with the Surface Transportation Board supporting their planned merger, bringing the number supporting the proposal to more than 300. In a press release, the railroads […]
Alabama port agency asks STB to deny Amtrak effort to start Gulf Coast service The Alabama State Port Authority has asked the Surface Transportation Board to turn down Amtrak’s request for an order allowing it to start passenger service between New Orleans and Mobile, Ala., instead requesting the board compel Amtrak to complete the traffic […]
Death toll reaches 50 in Taiwan derailment; construction supervisor arrested, released on bond At least 50 are now dead as a result of Taiwan’s worst train crash in 70 years, which occurred Friday when an express train hit a truck that had slid down an embankment from a building site. Reuters reports the manager of […]
WASHINGTON — BNSF Railway, Canadian National, and Union Pacific have joined Norfolk Southern in asking federal regulators to apply the more stringent 2001 merger review rules to Canadian Pacific’s proposed acquisition of Kansas City Southern. As the smallest Class I, KCS received a waiver from the current merger review rules, and CP and KCS have […]
WASHINGTON — Several trade associations, a major agricultural shipper, and Norfolk Southern today asked the Surface Transportation Board to review Canadian Pacific’s proposed acquisition of Kansas City Southern under the more stringent 2001 merger rules. CP and KCS have said they would seek to have the merger reviewed under the old rules, although executives contend […]
CALGARY, Alberta — Canadian Pacific and Kansas City Southern have rounded up broad support for their proposed merger, which would create the first railroad to operate in the U.S., Canada, and Mexico. The railways announced yesterday that they have received support statements from 259 shippers, other railroads, economic development authorities, and ports. Shipper sentiment will […]
WASHINGTON — Canadian Pacific’s proposed acquisition of Kansas City Southern has picked up its first support from another railroad company. Shortline railroad operator Genesee & Wyoming has told the U.S. Surface Transportation Board that it backs the merger of the smallest Class I systems. “From our perspective, the proposed transaction should provide improved service options […]
WASHINGTON — A major shipper group plans to challenge the waiver that would permit Canadian Pacific’s proposed acquisition of Kansas City Southern to be reviewed under the Surface Transportation Board’s old, less restrictive merger rules. The National Industrial Transportation League said today that the CP-KCS deal would ultimately harm rail competition. “Based on the significant loss […]
WASHINGTON — Canadian Pacific and Kansas City Southern plan to file their merger application with U.S. regulators on or around June 28 and have proposed a 10-month review of the deal that would create the first railroad to link the U.S., Canada, and Mexico. The railroads told the Surface Transportation Board that their proposed review timetable […]
Transport Canada has ordered Canadian Pacific to stop leaving trains unattended without setting handbrakes near the site of 2019’s fatal runaway accident on Kicking Horse Pass after a February incident, the CBC reports, but the railroad is disputing the regulator’s assertion that the event in question constituted “an immediate threat.” In question is a Feb. […]
