Canadian Pacific, Kansas City Southern combine to create CPKC

Canadian Pacific and Kansas City Southern combined to create Canadian Pacific Kansas City, as authorized by the U.S. Surface Transportation Board’s March 15 final decision, creating the first single-line railway connecting Canada, the U.S., and Mexico. CP completed its $31B acquisition of KCS on Dec. 14, 2021. Immediately upon the closing of that acquisition, shares of KCS were placed into a voting trust, which ensured that KCS operated independently of CP during the regulatory review process. On April 14, pursuant to the STB’s March 15 final decision approving the transaction, the voting trustee transferred the KCS shares to an affiliate of CP, formally bringing KCS into the CPKC family.