The U.S. Surface Transportation Board has issued its long-awaited decision on the merger of Canadian Pacific Railway and Kansas City Southern, authorizing the combination of the two railways to form the first railway connecting Canada, the U.S., and Mexico. The 212-page decision includes many conditions, but will allow CP to take control of KCS, forming… Read More

Canadian Pacific (CP) Railway’s plan to acquire Kansas City Southern (KCS) and establish the first Canada-U.S.-Mexico railway is back on track after U.S. regulators blocked rival Canadian National (CN) Railway’s merger application late last month. The KCS board of directors announced on Sunday — the deadline given by CP in its offer — that it… Read More

Update, Sept 1: KCS has canceled the shareholder vote that was to be held Friday on whether to accept CN Rail’s offer.  CN Rail’s preferred plan for taking over Kansas City Southern (KCS) has been blocked by U.S. regulators in a decision that’s being welcomed by rival suitor CP Rail. On Tuesday, the U.S. Surface… Read More

 

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