Union Pacific and Canadian Pacific spar over KCS merger (updated)

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 […]

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Franklin Park crossovers separate Canadian Pacific and Metra moves

FRANKLIN PARK, Ill. — It’s not the largest or most essential component of a decades-long, $4.6 billion dollar effort to unclog Chicago’s rail network called CREATE. But completion of the $14.5 million Metra/Canadian Pacific Crossover Upgrades Project is typical of incremental improvements that sporadic funding achieves. Six crossovers and associated signaling now allow Canadian Pacific […]

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Fuel costs, smaller Canadian grain crop hit Canadian Pacific earnings

CALGARY, Alberta — Higher fuel costs and a disappointing Canadian grain crop weighed on Canadian Pacific’s third-quarter profits, the railway reported today. “There’s certainly challenges ahead as we look forward to our base business. We’ve got a smaller Canadian grain crop, we’ve got some supply chain issues, challenges, that the balance of the industry is also […]

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CN fined $2.5 million by Canadian environmental agency

PRINCE RUPERT, British Columbia — Canadian National has been fined C$2.5 million for spraying pesticides near a river along its line to the port of Prince Rupert, B.C., in violation of the federal fisheries act, Environment and Climate Change Canada announced in a press release. The fine comes after CN entered a guilty plea on […]

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Canadian Pacific and Kansas City Southern outline merger timetable

KANSAS CITY, Mo. — Canadian Pacific CEO Keith Creel and Kansas City Southern CEO Pat Ottensmeyer expressed excitement today about finally being able to combine their two railways into the first system to connect Canada, the U.S., and Mexico. Their merger deal, officially announced on Wednesday after Canadian National dropped its pursuit of KCS, came […]

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Kansas City Southern accepts Canadian Pacific merger offer

KANSAS CITY, Mo. — Kansas City Southern on Sunday accepted Canadian Pacific’s $300 per share merger offer, spurning Canadian National’s higher bid due to its regulatory obstacles. In a midday press release, KCS said its board had determined CP’s revised offer constituted a “Company Superior Proposal” as defined in the agreement with CN. CP extended the […]

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