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DAVENPORT, Iowa — Officials in the cities of Davenport and Bettendorf, Iowa, have told the Surface Transportation Board that increased traffic from the proposed Canadian Pacific-Kansas City Southern merger will have “very real and detrimental impacts,” with Davenport’s mayor and aldermen asking that an STB member visit before the board acts to see how the […]
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 first between Class I railroads in two decades. First, the projections. Within three years of the merger, Canadian Pacific Kansas City expects to gain 80,000 carloads […]
ROSELLE, Ill. — Eight Chicago suburbs are forming a coalition to voice concerns over the potential increase in rail traffic through their communities if the Canadian Pacific-Kansas City Southern merger is approved. The suburban Daily Herald reports Roselle, Elgin, Barlett, Hanover Park, Schaumburg, Itasca, Wood Dale and Bensenville are asking residents to submit comments to […]
Product news Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of December 16, 2021. HO scale locomotives Electro-Motive Division SW1500 diesel locomotive. Burlington […]
KANSAS CITY, Mo. — Kansas City Southern shareholders today overwhelmingly approved the railway’s proposed merger with Canadian Pacific. Some 99.6% of shareholders who voted at a special meeting today approved the $31 billion deal. The transaction is expected to close on Dec. 14. After closing, KCS stockholders will receive $90 in cash and 2.884 CP […]
Chicago Great Western Railroad history introduction Chicago Great Western Railroad history traces its roots to A.B. Stickney, who early in his adult life entered the railroad business, set to link St. Paul with Chicago. He took the legal assets of the moribund Minnesota & Northwestern Railroad, and in 1884 pushed a line under that banner […]
NEW ORLEANS — A senior Canadian Pacific official told New Orleans and Baton Rouge, La., civic leaders on Wednesday that the railroad will permit a single passenger round trip between the two cities, without any infrastructure improvements, if CP’s merger with Kansas City Southern is approved by the Surface Transportation Board. James Clements, Canadian Pacific’s […]
NASHVILLE — Union Pacific has trimmed its volume, productivity, and operating-ratio expectations for the year amid sluggish operations and a sharp decline in international intermodal traffic due to global supply chain problems. UP now says it will see a 4% volume gain this year, down from the previous forecast of 5% growth; productivity gains will total […]
Mexican regulators have given their approval to the planned merger of Canadian Pacific and Kansas City Southern. The railroads announced on Nov. 26 that they had received the required approval from the Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute. “This important milestone marks the next step on our path to creating […]
CALGARY — Canadian Pacific’s Keith Creel has been named 2021 CEO of the Year by Canadian newspaper The Globe and Mail’s Report of Business Magazine. A profile in the magazine focuses on the 53-year-old Creel’s skill as a strategist in efforts to merge CP with Kansas City Southern. The magazine recognized other CEOs for leadership, […]
WASHINGTON — Federal regulators have accepted the Canadian Pacific-Kansas City Southern merger application and set a timetable for review of the first proposed merger of Class I railroads in two decades. In accepting the application today, the Surface Transportation Board rejected Union Pacific’s contention that CP and KCS failed to provide sufficient information about the […]
WASHINGTON — Union Pacific has urged federal regulators to reject the Canadian Pacific-Kansas City Southern merger application, arguing that it doesn’t contain enough market or operational data to meet requirements — a view subsequently supported by Canadian National. UP, in a filing with the Surface Transportation Board late Friday, said CP took shortcuts in its […]
