Canadian Pacific (CP) said that, on April 14, it will exercise the authority granted by the U.S. Surface Transportation Board’s March 15 final decision and combine with Kansas City Southern (KSU) to create Canadian Pacific Kansas City, the first and only single-line railway connecting the U.S., Mexico and Canada. As previously announced, Keith Creel will become President and CEO of CPKC.
Published first on TheFly
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- Canadian Pacific price target raised to C$122 from C$116 at Scotiabank
- Canadian Pacific removed from ‘Tactical Underperform’ list at Evercore ISI
- North American rail traffic down 6.1% for the week ending March 11
- Canadian Pacific and Kansas City Southern combination approved by U.S. Surface Transportation Board
- Canadian Pacific, Kansas City Southern announce deal approved by STB
