CN reported on Jan. 13 that it will ask the Surface Transportation Board (STB) “to condition any approval of a Canadian Pacific-Kansas City Southern merger on the divestiture of KCS lines from Kansas City, Missouri to Springfield and East St. Louis, Illinois (the Springfield Line) to CN, pursuant to the STB’s statutory authority to order ‘the divestiture of parallel tracks’ as a merger condition.” CP immediately responded, negatively.
VIDEO INTERVIEW: 2022 RAILROADERS OF THE YEAR – CANADIAN PACIFIC’S KEITH CREEL AND KANSAS CITY SOUTHERN’S PAT OTTENSMEYER
Railway Age’s 2022 Railroader of the Year Award, our 59th annual, goes to two exemplary and visionary North American rail industry leaders: Canadian Pacific President and Chief Executive Officer Keith Creel, and Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer. The two are reconfiguring the North American rail landscape by completing, if all goes as planned, what will be the first Class I merger in more than 20 years, and creating North America’s first transnational freight railroad, Canadian Pacific Kansas City, or CPKC.
Amtrak is backing Canadian Pacific and Kansas City Southern’s proposed combination, Canadian Pacific Kansas City (CPKC), and CP is committing to support Amtrak’s service expansion in two U.S. regions, the railroads reported on Jan. 6.
The Railway Association of Canada (RAC) has published the 29th edition of its Rail Trends report, providing a ten-year performance overview (2011-20) of its member passenger and freight railroads.
Potential merger partners Canadian Pacific (CP) and Kansas City Southern (KCS) on Dec. 28 submitted their safety integration plan to the Surface Transportation Board (STB) and Federal Railroad Administration (FRA) for review, meeting the STB’s procedural schedule deadline.
Proposed merger partners Kansas City Southern (KCS) and Canadian Pacific (CP) have both announced successful fundraising efforts.
Canadian Pacific (CP) on Dec. 28 reported a multi-year contract extension with Canadian Tire Corporation, Ltd. (CTC).
In the 2020–2021 crop year, Canadian Pacific and CN collectively moved 52,334,795 metric tons of Western grain, 9.0% more than the volume moved during the previous crop year and the highest volume ever on record. For CN, its record volume comes at a price, as grain is a heavily regulated commodity in Canada, with revenue caps or “entitlements” set by the Canadian Transportation Agency (CTA), Canada’s equivalent of the U.S. Surface Transportation Board.
Canadian Pacific has entered into a new seven-year agreement with Canpotex Limited, a major exporter of Canadian potash. The contract, which runs through 2028, is a successor to the current, 10-year agreement, which expires in 2022.
The public now has until Jan. 3, 2022 to provide comments on the scope of environmental review for the proposed Canadian Pacific-Kansas City Southern merger, the Surface Transportation Board (STB) reported on Dec. 17.