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North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid
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North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid
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Nearly 260 Statements from Shippers and Supporters Filed with the Surface Transportation Board in Support of CP-KCS Combination
Shippers and Supporters Anticipate Increased Efficiency and Market Reach, Enhanced Competition and North American Economic Growth
CALGARY and KANSAS CITY, Mo., March 31, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ( CP ) and Kansas City Southern (NYSE: KSU) ( KCS ) today announced they have received statements from nearly 260 shippers, other railroads, economic development authorities, ports, and other supporters for their planned combination that would create the first rail network connecting the U.S., Mexico, and Canada. Many of these supporters requested the Surface Transportation Board ( STB ) to review the transaction as swiftly as possible so the systems could be integrated and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders. The st
For ‘CPKC’ Proposal, Widespread Support
April 01, 2021
Among the nearly 260 supporters of the planned CP-KSC merger are Hapag-Lloyd and Genesee & Wyoming.
Canadian Pacific (CP) and Kansas City Southern (KCS) have reported receiving statements and letters, all filed with the Surface Transportation Board (STB), from nearly 260 shippers, other railroads, economic development authorities, ports and other supporters for their planned combination, “CPKC.”
STB must approve the combination, which was announced March 21 and is also subject to CP and KCS shareholder approvals and other customary closing conditions. The STB review is expected to be complete by mid-2022, CP and KCS said.
“Many of these supporters requested the STB to review the transaction as swiftly as possible,” the merger partners said. “They expect the combination would, among other benefits, invigorate transportation competition, expand access to existing and growing markets, and provide new service offe
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