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