Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.
Uncertainties over consumer demand and inflation rates are causing Canadian Pacific Kansas City to adopt a more cautious stance as 2024 approaches.
CPKC reported a 12% decline in net profit in the third quarter despite higher combined revenues.
Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.
Leaders with Norfolk Southern and CSX described at an investor conference this week how their reach extends beyond the eastern U.S.
CPKC eyes opportunities for intermodal and for beefed-up business in Mexico to help recoup higher costs and lost revenue in the second quarter.
CPKC released second-quarter earnings results as a merged company.
The Surface Transportation Board is grappling with fallout from its March decision to approve the CP-KCS merger. Three progressive groups want STB Chairman Marty Oberman stripped of his role, while western Chicago suburbs have filed a lawsuit against the board.
Canadian Pacific Kansas City is building its intermodal service between points in the U.S. Midwest and Mexico, announcing a new daily service that aims to take away market share from trucks.
Union Pacific wants a federal court to review STB’s approval of the merger between Canadian Pacific and Kansas City Southern.
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
Canadian Pacific Kansas City, or CPKC, marked its first day as the merged company of CP and KCS on Friday.
Rail is dominated by just a few large players. A new merger is going to make the industry even more consolidated. Some farmers are worried.
Canadian railway CN and the union Unifor have reached a tentative collective deal, thus averting a potential strike. BNSF and Canadian Pacific also have reached agreements.
Canadian Pacific laid out who will be in key leadership roles after the company merges with Kansas City Southern in April.
Shippers and others weigh in on the Surface Transportation Board approving the railroad merger of Canadian Pacific and Kansas City Southern.
The Surface Transportation Board has approved merger plans between Canadian Pacific and Kansas City Southern railroads.
Four lawmakers from Illinois want the Surface Transportation Board to delay its decision on whether to approve the merger between Canadian Pacific and Kansas City Southern because of their concerns about the freight rail traffic projections used in STB’s environmental review.
Canadian Pacific is waiting for the Surface Transportation Board to render its decision on the proposed merger with Kansas City Southern. In the meantime, CP has been conducting interline tests to see how its service might compare to similar truck lanes.
A leading federal regulator says a merger between Canadian Pacific-Kansas City Southern would ratchet up rail noise.
Class I railroads CSX, CN, CP and KCS tout recognition for their sustainability efforts, while rail technology provider Wabtec gets a nod for its battery-electric locomotive.
The CEOs of Canadian Pacific and Kansas City Southern on Tuesday talked up the benefits of their railroad consolidation at the RailTrends conference in New York.
Freight projects get underway in Chicago and Laredo, Texas; CN beats its grain record; Patriot Rail appoints a new COO; and Canadian Pacific disputes a court ruling on an Alberta land sale.
Promoting competition, Laredo’s rail conversion potential and passenger rail in Louisiana were among the themes explored in the second half of the seven-day hearing proceeding on the CP-KCS merger.
The Surface Transportation Board logged over 25 hours last week to hear from stakeholders about the advantages and drawbacks of the proposed Canadian Pacific and Kansas City Southern merger.
A Canadian whistleblower wants STB to press CP on how it plans to operate its private police force in the U.S. after its merger with Kansas City Southern.
KCS has sites in the southern U.S. and in Mexico that are primed for the construction of warehouses and manufacturing facilities.
This week in Borderlands: Kansas City Southern set to build second rail bridge in Laredo; Texas firm constructing a truck and trailer parking facility near Houston; Omni Logistics opens new shipping hub in Dallas; and New Mexico port expanding with help from federal grant.
Canadian Pacific has won clearance from U.S. regulators for its KCS acquisition and has reached a labor agreement with union leaders for train and engine employees.
The Surface Transportation Board’s Office of Environmental Analysis studied the potential environmental impacts resulting from a merger between Canadian Pacific and Kansas City Southern.
Canadian Pacific executives on the company’s second-quarter 2022 earnings call discussed precision scheduled railroading, synergies with Kansas City Southern and intermodal strength in the second half of the year.
Senators and two U.S. House representatives from Illinois object to the railway merger between Canadian Pacific and Kansas City Southern as currently proposed, saying the Surface Transportation Board should respond to their constituents’ concerns.
La STB también deniega las solicitudes en el procedimiento sobre el deseo de Amtrak de la Costa del Golfo de establecer un servicio ferroviario de pasajeros
The Surface Transportation Board will conduct a three-day hearing in late September to find out from Canadian Pacific and Kansas City Southern directly about issues related to the railways’ proposed merger.
Kansas City Southern de Mexico will invest nearly $200 million in a railway bypass. The railroad will have exclusive rights to the bypass for 10 more years.
The STB is sifting through hundreds of pages on the perceived advantages and disadvantages of a merger between Canadian Pacific and Kansas City Southern.
Three commissioners of the Federal Maritime Commission contend a merger between Canadian Pacific and Kansas City Southern would result in diverting U.S.-bound intermodal traffic to Canadian ports.
Canadian Pacific believes its acquisition of Kansas City Southern is still on pace to receive federal approval sometime early next year.
Four Class I railroads have donated funds to support humanitarian relief efforts in Ukraine and surrounding areas. Also, U.S. and European rail sector officials form a task force to support Ukrainian freight and passenger rail.
Canadian Pacific is launching an international intermodal service between Mexico and Chicago, while state DOTs and Amtrak say a $31 million federal grant will add to existing passenger rail service and improve freight efficiency.
Bill Ackman, Pershing Square founder and CEO, has been acquiring shares of Canadian Pacific, according to SEC filings and news reports.
Access to interchanges, treatment of American grain shippers compared to Canadian ones and service impacts weigh on shippers’ minds as they evaluate the proposed merger between Canadian Pacific and Kansas City Southern.
CN and three other Class I railroads outlined to the Surface Transportation Board conditions that should be met before the board approves a merger between Canadian Pacific and Kansas City Southern.
Eight Chicago-area communities say a merger between Canadian Pacific and Kansas City Southern would result in more freight traffic and an increased likelihood of blocked crossings stemming from longer trains.
The Surface Transportation Board wants more details about the concessions that BNSF and CN are seeking as Canadian Pacific acquires Kansas City Southern.
A Mexican government crackdown has shifted volumes of refined products to truck instead of rail. But KCS hopes for that traffic to return to rail, according to executives.
Any concessions that CP would consider as it seeks federal approval to merge with Kansas City Southern must be “reasonable” and grounded in supporting competition, CP said during its fourth-quarter 2021 earnings call late Thursday.
CN is asking the Surface Transportation Board to require Canadian Pacific to divest KCS’ Springfield Line in Missouri and Illinois to help ensure competition.
The panel on rail consolidations also addressed different approaches to creating competition on monopoly networks.
Canadian Pacific and CSX want to show federal regulators and the broader public that they have widespread support for their proposed acquisitions.
Companies are rethinking their supply chains by nearshoring or reshoring operations to North America to reduce risk caused by the pandemic and political uncertainty.
Canadian Pacific and Kansas City Southern submit a plan to regulators detailing how they will merge their operations.
The end of 2021 brings the confirmation of a Surface Transportation Board member and approvals of short line requests.
An initiative to transport a type of heavy Canadian crude oil to the Gulf Coast via Canadian Pacific and Kansas City Southern has begun operations.
Canadian Pacific has formally completed its acquisition of Kansas City Southern, and now both companies are waiting for the Surface Transportation Board to approve the merger.
Canadian Pacific says it will work to get passenger rail service going between Baton Rouge and New Orleans should its merger with Kansas City Southern pull through.
Two agencies in Mexico have given their approval of the proposed merger between Canadian Pacific and Kansas City Southern.
The STB is allowing the merger application of Canadian Pacific and Kansas City Southern to proceed as is, rejecting Union Pacific’s concerns over the application’s completeness.
The railroad says CP’s and KCS’ traffic diversion analysis is incomplete, and so the board should compel CP and KCS to revise its merger application.
An anticipated rebound in volumes as supply chain kinks smooth out will be a theme in 2022, while customer-friendly technological applications will drive rail technology long term, Class I rail CEOs said in recent conferences.
The board has said it plans to seek input on the environmental impacts of the CP-KCS merger; CSX’s planned acquisition of Pan Am Railways; Amtrak’s plan to restore its Gulf Coast service; and reciprocal switching.
The proposed schedule will provide room for rebuttals and responses, STB said.
Canadian Pacific and Kansas City Southern submit a joint application before the Surface Transportation Board asking to consolidate the two railroads while CN adds a rail and technology expert to its board.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: KCS announces a new cross-border rail-served logistics facility; New York Air Brake to open plant in Mexico; Skydropx to expand across Latin America with $20M Series A funding; and CBP seizes $48M in methamphetamine from tractor trailer.
The railroad won’t give new guidance because of uncertainties surrounding chip shortages and events in Mexico creating limited visibility.
The platform will help improve supply chain visibility for shippers, KCS said.
The board affirms its previous approval of Canadian Pacific’s voting trust application.
2022 could be a busy year for the Surface Transportation Board if it decides to tackle a number of long-standing, hot-button issues.
Expanding intermodal, grain and automotive offerings would be part of the growth strategy pursued by a merged Kansas City Southern-Canadian Pacific.
Kansas City Southern returns to its old flame and opts to merge with Canadian Pacific. Rival railway CN acknowledges its merger plans have been scrapped.
Major CN shareholder TCI Fund Management wants CN’s board to have more operational experience. The company is also still pushing for the removal of CN’s current CEO.
Kansas City Southern is returning to its original merger partner after federal regulators rejected CN’s proposed voting trust, which would’ve been used to acquire KCS.
Work-related fatalities for trucking and delivery driver jobs increased 4% year-over-year in 2019, when 1,005 drivers were killed on the nation’s streets and highways.
Kansas City Southern shareholders pushed back a vote on whether to approve CN’s merger agreement to Sept. 24.
Kansas City Southern shareholders must decide whether to continue to pursue merger plans with CN or go with Canadian Pacific.
The Surface Transportation Board rejected CN’s application to establish a voting trust, which would be used as part of the process to acquire Kansas City Southern.
KCS’ board of directors confirmed plans to postpone the shareholder vote on the CN-KCS merger agreement until after the Surface Transportation Board renders a decision on CN’s proposed voting trust.
News about BNSF, Kansas City Southern, Trinity Industries and TTCI.
Kansas City Southern declined Canadian Pacific’s revised bid, opting to stick with CN. But a shareholder vote to approve the CN-KCS merger agreement could be held off if the Surface Transportation Board doesn’t issue its decision on CN’s voting trust by Tuesday.
The CEOs of five Class I railroads tell the Surface Transportation Board that the root causes of the congestion facing rail intermodal terminals are beyond the railroads’ control.
CP is offering a stock-and-cash “superior proposal” worth an estimated US$31 billion.
Also on the podcast: The investment drought in oil setting the table for higher prices
Kansas City Southern told its shareholders to focus on the proposed CN-KCS merger transaction and not on Canadian Pacific’s attempts to cast doubt on the merger’s chances of being approved by federal regulators.
SMART-TD must negotiate with Class I railroads on train crew size; Rail Customer Coalition calls on STB to take up reciprocal switching; ASLRRA praises progress on infrastructure bill; and Canadian Pacific urges KCS shareholders to vote against the proposed CN-KCS merger.
Rep. Peter DeFazio, D-Ore., doesn’t want federal regulators to approve a voting trust that Canadian railway CN would establish as part of the process to acquire Kansas City Southern.
Despite headwinds, KCS thinks it can still achieve double-digit revenue growth for 2021.
The $700 million fee to terminate a merger agreement with Canadian Pacific dented KCS’ second-quarter net income. But revenues were up 37% year-over-year.
Biden’s executive order calls on the Justice Department to help regulators monitor pricing practices and anticompetition in the container shipping and rail sectors.
Canadian Pacific and CN note the end of the public comment period for CN’s proposed voting trust, which would be used to acquire Kansas City Southern. But in order for regulators to review the voting trust application, the Surface Transportation Board may need to clarify further the parameters for gauging whether a rail merger is in the public interest, some stakeholders say.
Monday is the last day that stakeholders can express their views to the Surface Transportation Board over CN’s proposed voting trust that will be used to acquire KCS. Canadian Pacific says it has the support of North Dakota congressional leaders, while CN touts support from Gulf Coast and southern Plains leaders.
Canadian Pacific and CN each say they have the backing of Upper Midwest grain shippers as both seek to merge with Kansas City Southern.
CN and Canadian Pacific are rounding up support for their respective plans to acquire Kansas City Southern. Regulators are accepting public comments on CN’s voting trust through next Monday. CN would use the voting trust as part of the process to acquire KCS.
CN continues to insist that it has widespread support for its plans to acquire Kansas City Southern. That support includes the voting trust proposal that CN would use as part of the merger process.
The Surface Transportation Board is accepting public comments on CN’s and Kansas City Southern’s voting trust proposal. KCS asserts its financial strength while Canadian Pacific circulates a union’s negative feedback on the CN-KCS merger.
Former Surface Transportation Board Vice Chairman William Clyburn Jr. recommends that STB approve the voting trust proposed by CN and Kansas City Southern.
A trio of shippers groups, CN, Kansas City Southern and Canadian Pacific offer their takes on whether the voting trust associated with the proposed CN-KCS merger is or isn’t in the public interest.
Transport deregulation’s long game has left much of the asset-based carrier field with few players. Will the cycle turn to usher in a cast of competitive newbies?
The American Chemistry Council, which represents chemicals shippers, wants the Surface Transportation Board to scrutinize proposed Class I rail mergers to ensure that shippers don’t encounter reduced offerings.
To sweeten the voting trust application before regulators, CN and Kansas City Southern are offering to divest 70 miles of a KCS line in an area of Louisiana where both railroads have competing lines in order to create an “end-to-end” network.
Kansas City Southern has opted for CN’s merger offer. It is terminating an existing merger agreement it has with Canadian Pacific.
Join us as we explore how to make disruptions a thing of the past and look at emerging trends.
