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CN + KCS Proposal: Stakeholders Speak Out

CN + KCS Proposal: Stakeholders Speak Out
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CN and Canadian Pacific vie for shippers' and KCS shareholders' favor

CN and Canadian Pacific vie for shippers’ and KCS shareholders’ favor
Both seek to create a railroad with a network extending from Mexico to Canada through US Midwest
0 89 3 minutes read
A Kansas City Southern train. (Photo: Jim Allen/FreightWaves)
CP and Kansas City Southern (KCS) announced their agreement to merge in March, while CN announced its plans to acquire KCS in April. In both situations, the end result would be a railroad with a network that touches both Canadian coasts and heads south through the U.S. Midwest and into Mexico.
On Monday, CP said more than 110 customers and stakeholders have filed letters to the Surface Transportation Board (STB), the regulatory body that will review the merger. The letters express concerns or oppose CN’s bid to acquire KCS, according to CP. ....

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Canadian Pacific, Kansas City Southern Receive Further Support for Creating First U.S.-Mexico-Canada Rail Network

Press release content from Business Wire. The AP news staff was not involved in its creation.
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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