Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico. By Niraj Chokshi and Mark Walker got nytimes.com A federal regulator on Wednesday approved a Canadian freight railroad’s plan to buy an American competitor, a $31 billion deal that will make the railroad the first to operate across North […]
CP and KCS to make their case for merger in final day of STB hearings
By Bill Stephens for trains.com In closing arguments, the railways will respond to concerns raised by other railroads, communities, and some shipper groups WASHINGTON – Canadian Pacific and Kansas City Southern will make their closing arguments for their merger on Thursday, the sixth and final day of Surface Transportation Board hearings on the first Class […]
Canadian regulators propose more detailed requirements for reporting railroad performance metrics
By Bill Stephens for trains.com Railroads would have to report local service data as well as locomotive and crew availability Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation […]
Canadian Pacific, union agree to arbitration, ending work stoppage
Members of Teamsters Canada Rail Conference will return to work Story published by trains.com Canadian Pacific and the Teamsters Canada Rail Conference have agreed to take their contract dispute to binding arbitration, ending the shutdown of the railroad in Canada that began at 12:01 a.m. EDT on Sunday. The agreement will allow the railroad to […]
Canada’s CP Rail shuts down railroad, workers strike
CP had notified the union on Wednesday that it would lock out employees on Sunday, barring a breakthrough in talks on a deal covering pensions, pay and benefits Courtesy of foxbusiness.com Canadian Pacific Railway halted operations and locked out workers over a labor dispute early on Sunday, with each side blaming the other for a halt that will […]
Analysis: Do railroad mergers match their rosy growth projections?
From a growth perspective, the Class I merger record is mixed over the long term By Bill Stephens for trains.com 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 […]
Union Pacific asks regulators to delay, extend review of CP-KCS merger
Chemical shippers also seek longer comment period By Bill Stephens for trains.com WASHINGTON – Union Pacific has asked federal regulators to delay and extend their review of the proposed merger of Canadian Pacific and Kansas City Southern. UP wants the Surface Transportation Board to treat the CP-KCS merger application as if it were filed on […]
One of two Canadian railroads bidding for Kansas City Southern drops out.
By Lauren Hirsch for nytimes.com Canadian Pacific has emerged as the winner in a long-running battle to acquire Kansas City Southern, putting it in position to become the first railroad operator whose network extends from Canada to Mexico. Its rival in the bidding, Canadian National, said on Wednesday that it had received notice from Kansas […]
Two Canadian railroads want KCS. It’s a fight that will test regulations and already has shippers on edge.
KCS’ acquisition proposal is the first time Class I railways have tried to combine since the STB issued revised antitrust regulations in 2001. By Katie Pyzyk Contributor for supplychaindive.com North American railways have suddenly become hotter, and it has nothing to do with the summer heat. Drama is ensuing over proposals for one of two […]
Railroad bidding war back on; Canadian Pac ups bid for KSU
Canadian Pacific is upping its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National By The Associated Press NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National. […]