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.
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 (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.
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.
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.
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.
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.
The Hardisty Energy Terminal in Alberta has opened a diluent recovery unit, and the DRUbit™ it creates, a proprietary heavy Canadian crude oil specifically designed for rail transportation, is ready to ship, according to the terminal’s 50-50 joint venture of US Development Group (USD) and Gibson Energy.
No two words torment railroad executives and their investors more than “reciprocal switching”—a potential Surface Transportation Board (STB) decree that a railroad with sole physical access to a shipper facility transfer (switch) a shipper’s cars to a junction point with a second (competing) railroad. The second railroad pays a compensatory per-car switching fee whose reasonableness is determined by the STB.