Canadian Pacific, Kansas City Southern Assert Right to Have Transaction Reviewed Under Waiver Granted to KCS in 2001
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Shipper and Stakeholder Support for Canadian Pacific, Kansas City Southern Combination Continues
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Canadian Pacific, Kansas City Southern Receive Further Support for Creating First U.S.-Mexico-Canada Rail Network
April 6, 2021 GMT
CALGARY, Alberta & KANSAS CITY, Mo. (BUSINESS WIRE) Apr 6, 2021
Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that 45 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board (“STB”) bringing the total to more than 300 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The additional support comes from stakeholders large and small across the supply chain, including SSAB, Domtar, Farmers Cooperative of Hanska, Port of New Orleans, and E.J.R. Reload.
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Nearly 260 Statements from Shippers and Supporters Filed with the Surface Transportation Board in Support of CP-KCS Combination
Shippers and Supporters Anticipate Increased Efficiency and Market Reach, Enhanced Competition and North American Economic Growth
CALGARY and KANSAS CITY, Mo., March 31, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ( CP ) and Kansas City Southern (NYSE: KSU) ( KCS ) today announced they have received statements from nearly 260 shippers, other railroads, economic development authorities, ports, and other supporters for their planned combination that would create the first rail network connecting the U.S., Mexico, and Canada. Many of these supporters requested the Surface Transportation Board ( STB ) to review the transaction as swiftly as possible so the systems could be integrated and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders. The st