Norfolk Southern and Canadian Pacific have released details of their plans to address greenhouse gas emissions, with NS aiming for a 42% reduction by 2034, while CP has set a goal of reducing locomotive emissions by more than 38% by 2030, along with a reduction from non-locomotive operations by more than 27%. The NS figure […]
CALGARY, Alberta — Canadian Pacific has taken the chairwoman of the Transportation Safety Board of Canada to task for comments regarding the agency’s investigation of the possibility a train caused the fire which devastated the town of Lytton, British Columbia., on June 30. In a Thursday report by the Canadian Press, Kathy Fox, chairwoman of […]
Kansas City Southern asks regulators to reject Canadian Pacific request for information Kansas City Southern has asked the Surface Transportation Board to reject a request from Canadian Pacific for information it seeks for CP’s efforts to merge with KCS, saying that under the termination of the merger agreement between the two railroads, CP no longer […]
CALGARY, Alberta – A year after acquiring regional railroad Central Maine & Quebec – and regaining a part of its historic shortcut linking Montreal and the Atlantic – traffic growth is exceeding Canadian Pacific’s expectations. CP’s plans to gain transatlantic international intermodal business from Port Saint John, New Brunswick, have come to fruition. New finished vehicle traffic […]
Canadian Pacific’s campaign against Canadian National’s proposed acquisition of Kansas City Southern took a new turn today with a half-page ad in The Washington Post that featured an editorial cartoon-style illustration – complete with caricatures of the three railroads’ chief executives. CP and CN skirmished on social media while KCS was considering their rival bids. […]
CALGARY, Alberta – Canadian Pacific CEO Keith Creel says that if rival Canadian National acquires Kansas City Southern, the merger will destabilize the North American rail network and make CP a target for acquisition by another Class I railroad. CP today made a last-ditch effort to convince the KCS board to abandon its agreement to […]
CALGARY, Alberta — Canadian Pacific today urged Kansas City Southern to drop its plans to merge with Canadian National, arguing that only a CP-KCS combination could win regulatory approval. “We believe that the KCS Board has a clear path to conclude that the level of risk surrounding a CN-KCS transaction and CN’s ability to close […]
Canadian Pacific and Canadian National both reacted positively Thursday evening to a Surface Transportation Board decision allowing CP to place Kansas City Southern into a voting trust as part of its merger plans. CP calls it a “critical milestone” in its bid, while CN says it is encouraged the voting trust that is part of […]
WASHINGTON – Federal regulators on Thursday approved Canadian Pacific’s request to put Kansas City Southern into a voting trust while their proposed $29 billion merger is under review. Canadian National, which has a dueling $33.7 billion unsolicited offer under review by the KCS board, also has asked the U.S. Surface Transportation Board to consider its […]
Canadian Pacific tells STB CN-KCS deal should not receive waiver from 2001 merger rules Canadian Pacific has asked the Surface Transportation Board to rule the proposed merger of Canadian National and Kansas City Southern does not qualify for a waiver from more stringent merger rules adopted in 2001. The STB has already granted that waiver […]
Canadian Pacific CEO Keith Creel yesterday told a shipper group that his railroad can’t win a bidding war for Kansas City Southern. Creel also wouldn’t rule out cooperating with Canadian National and KCS on some level, and said that if CN and KCS were to merge, leaving CP as the smallest Class I railroad, CP […]
As Canadian Pacific and Canadian National continue their duel for control of Kansas City Southern, one topic keeps coming up: Why don’t the Canadian railways jointly acquire KCS and split it up? With so much bad blood between CP and CN it’s not a likely scenario, as their war of words has escalated this week. […]
