Canadian Pacific (CP) and Kansas City Southern (KSU) the U.S. Surface Transportation Board issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form Canadian Pacific Kansas City, the first single-line railway connecting the U.S., Mexico and Canada. The decision authorizes CP to exercise control of KCS as early as April 14, 2023, at or after which point CP and KCS would combine to create the new CPKC. CP is reviewing the full 212-page decision in detail and in the coming days will announce its plans with respect to the creation of CPKC. CP President and CEO Keith Creel said: "This decision clearly recognizes the many benefits of this historic combination."
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Published first on TheFly
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