KCS

STB to CP-KCS: Resubmit Data From Proposed Merger Filings

The Surface Transportation Board (STB) is calling on merger partners Canadian Pacific (CP) and Kansas City Southern (KCS) to resubmit by May 27 traffic density data that will be used in analyzing the environmental and transportation impacts of their combination.

“I’m proud of the way CP’s team of professional railroaders managed the difficult operating environment they faced in the first quarter of 2022,” CP President and CEO Keith Creel said during an April 27 earnings announcement.

Creel: Following ‘Difficult’ 1Q22, CP ‘Building Momentum’ (UPDATED, Cowen)

Canadian Pacific’s (CP) first-quarter 2022 results—including revenues that fell 6% and a reported operating ratio that deteriorated by 1,070 basis points from first-quarter 2021—“reflected the impact of last year’s drought on Canadian grain volumes, harsh winter operating conditions and the effects of a work stoppage,” President and CEO Keith Creel said.

Among the officials participating in the Baton Rouge-New Orleans passenger rail inspection trip were (pictured left to right): Kansas City Southern President and CEO Pat Ottensmeyer, who supplied the train; Amtrak President and CEO Stephen Gardner; Canadian Pacific President and CEO Keith Creel; Louisiana Gov. John Bel Edwards; Louisiana Department of Transportation and Development Secretary Shawn D. Wilson; and FRA Administrator Amit Bose. (Amtrak Photo by Tom Davidenko)

Watch: New Orleans-Baton Rouge Inspection Trip

Amtrak’s proposal to launch Baton Rouge-to-New Orleans service advanced April 20 with a rail line inspection trip taken by Louisiana Gov. John Bel Edwards, Amtrak President and CEO Stephen Gardner, and other federal, state and railroad officials.

Pat Ottensmeyer, President and CEO, Kansas City Southern

CEO PERSPECTIVE: Competing on a Global Scale

As part of a special series in Railway Age’s March 2022 issue, 11 North American railroad CEOs address what must be done to grow and gain market share from competing freight transportation modes. Here, Pat Ottensmeyer, President and CEO of Kansas City Southern, is the 5th to share his perspective.

STB to CP-KCS: Clarify Data From Proposed Merger Filings

The Surface Transportation Board (STB) on March 16 asked merger partners Canadian Pacific (CP) and Kansas City Southern (KCS) to address an apparent “inconsistency in the calculation of traffic density numbers” that were submitted to the STB and to the STB’s Office of Environmental Analysis regarding their proposed combination.

BNSF to STB: Ensure Cross-Border Competition

BNSF is asking the Surface Transportation Board (STB) to impose conditions that preserve competition, particularly at the U.S.-Mexico border, if the proposed Canadian Pacific-Kansas City Southern merger is approved.

CPKC: UP Seeks Conditions at Laredo Gateway

A Canadian Pacific-Kansas City Southern combination without conditions “would likely cause a significant loss of competition, especially for traffic moving via the Laredo Gateway,” Union Pacific (UP) told the Surface Transportation Board (STB) in comments filed Feb. 28.

CP-KCS Merger Proceeding Moves Forward

BNSF and CN last month told the Surface Transportation Board (STB) they may request limited overhead trackage rights and a line divestiture, respectively, due to the proposed merger of Canadian Pacific (CP) and Kansas City Southern (KCS).

In September 2021, Canadian Pacific and Kansas City Southern agreed to combine, forming Canadian Pacific Kansas City, the first U.S.-Mexico-Canada rail network. The Surface Transportation Board on Nov. 23, accepted for consideration their merger application.

STB Advances Environmental Review of CPKC

The Surface Transportation Board’s Office of Environmental Analysis (OEA) is moving forward with its assessment of Canadian Pacific Kansas City’s (CPKC) potential effects on the environment.

Canadian Pacific President and CEO Keith Creel

Creel: CP Positioned for ‘Another History-Making Year’

Canadian Pacific (CP) President and CEO Keith Creel is calling 2021 a “historic” year for the Class I railroad; during a Jan. 27 earnings report, he highlighted overcoming “significant operating challenges—devastating network outages in B.C. and extreme cold temperatures”—and closing merger partner Kansas City Southern into voting trust.