Winnipeg Free Press By: Denise Paglinawan, The Canadian Press Posted:
Last Modified: 5:56 PM CDT Monday, Apr. 26, 2021 Save to Read Later
The competing bids for U.S. railway Kansas City Southern each received a boost over the weekend, further complicating the rivalry between Canada s two largest railroads.
FILE - In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is shown on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/Norman Ng/The Kansas City Star via AP
The competing bids for U.S. railway Kansas City Southern each received a boost over the weekend, further complicating the rivalry between Canada s two largest railroads.
US regulator says merger waiver applies to CP but KSC board gives CN bid a boost | iNFOnews
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US regulator says merger waiver applies to CP but KSC board gives CN bid a boost - Medicine Hat NewsMedicine Hat News
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A merger between CP and KCS would result in the fewest overlapping routes compared with any other Class l railroad, said the U.S. Surface Transportation Board. If approved, the combination of CP and KCS, the sixth largest and seventh largest Class I railroads, respectively, would still result in the smallest Class I railroad, based on U.S. operating revenues, the U.S. regulator said.
Following the regulator s decision, CP CEO Keith Creel told KCS president and CEO Pat Ottensmeyer to consider the regulatory issues in CN s proposal. I am confident that you and your Board have a thorough understanding of all of the dimensions of competition between KCS and CN, wrote Creel in a letter to Ottensmeyer.
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