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Railroad industry news about: Surface Transportation Board, revenue adequate, BNSF, CSX, CN, Canadian Pacific, Kansas City Southern, Norfolk Southern, Union Pacific, reciprocal switching, Association of American Railroads, Martin Oberman, Ian Jefferies. From the editors of Progressive Railroading Magazine
Railroad industry news about: CSX, Union Pacific Railroad, CN, Canadian National, Norfolk Southern Railway, Surface Transportation Board, STB, small rate disputes, arbitration program, U.S. Court of Appeals for the Eighth District. From the editors of Progressive Railroading Magazine
CP’s letter, reproduced below in full, comes three days after CN proposed a voting trust using the same trustee, former KCS President and CEO Dave Starling. “STB has already decided that CP’s proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations,” CP said. The letter is from whom many industry observers say is arguably one of the best railroad regulatory attorneys in practice today, David L. Meyer: The Honorable Cynthia T. Brown Chief, Section of Admi...
CP: CN’s Voting Trust Rationale ‘Contrary to Law’ April 27, 2021 Washington D.C. attorney David L. Meyer. Yet another letter. Be warned: This one, nearly 3,000 words, is from Canadian Pacific’s attorney to the Surface Transportation Board. It essentially says CN has it totally wrong by asking the STB to approve a voting trust for its proposed acquisition of Kansas City Southern under the same conditions as a CP-KCS combination. CP’s letter, reproduced below in full, comes three days after CN proposed a voting trust using the same trustee, former KCS President and CEO Dave Starling. ...
CP Addresses CN's Contention that Voting Trust Proposals Should Be Reviewed Under Same Standards and Processes News provided by Share this article Share this article STB has already decided that CP's proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations CALGARY, AB, April 27, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed the following letter with the Surface Transportation Board: The Honorable Cynthia T. Brown Chief,...