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CPKC a 'Powerful Combination' / News / News / Railpage

CPKC a 'Powerful Combination' / News / News / Railpage
railpage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railpage.com.au Daily Mail and Mail on Sunday newspapers.

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CPKC a 'Powerful Combination' - Railway Age

CPKC a 'Powerful Combination' - Railway Age
railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.

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CN, KCS Voting Trust Review Moves Ahead; CP Fires Another Salvo

CN, KCS Voting Trust Review Moves Ahead; CP Fires Another Salvo
railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.

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CP: CN Line Divestiture 'Doesn't Come Close'

CP: CN Line Divestiture ‘Doesn’t Come Close’
May 27, 2021
Canadian Pacific President and CEO (and Railway Age 2021 Railroader of the Year) Keith Creel.
The war of words between Canadian Pacific and CN isn’t over, with CP on May 27 issuing a statement that its merger rival’s commitment to divest Kansas City Southern’s New Orleans-Baton Rouge line is a “token divestment [that] would not begin to address the competitive issues in the rail corridors running north from Louisiana and Mississippi through America’s heartland, where KCS and CN have historically competed.”
“CN’s commitment to divest this 70-mile line is clear recognition by CN that it and KCS have always been head-to-head competitors, contrary to CN’s repeated claims that the combination was ‘end-to-end,’” CP said. “CN’s commitment does not come close to solving the anti-competitive problems inherent in the proposed CN/KCS transaction. In particular, it does not address many ....

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CP to STB: CN + KCS 'Plainly Flunks End-to-End Test'

CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’
CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’
Written by
William C. Vantuono, Editor-in-Chief
Canadian Pacific President and CEO and CP s legal team (left to right): David L. Meyers, Sophia A. Vandergrift and Jeffrey J. Ellis.
Canadian Pacific on April 30 filed a formal objection with the Surface Transportation Board stating that CN “does not qualify for a waiver of the STB’s rules for major transactions, with respect to CN’s unsolicited proposal for Kansas City Southern.”
CP contends that a CN/KCS transaction “does not satisfy any of the criteria that the STB relied upon in finding that the waiver should apply to a CP/KCS transaction, which the STB granted to CP on April 23, 2021.” CP’s filing, by attorneys David L. Meyers, Sophia A. Vandergrift of Sullivan & Cromwell LLP and Canadian Pacific Chief Legal Officer and Corporat ....

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