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.
