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On April 14, 2023, Canadian Pacific (CP) and Kansas City Southern (KCS) combined to create Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC), as authorized by the U.S. Surface Transportation Boards (STB) March 15, 2023 final decision, creating the first single-line railway connecting Canada, the U.S.,
CP completed its US$31 billion acquisition of KCS on Dec. 14, 2021.
Federal regulators on Wednesday approved Canadian Pacifics $31 billion deal to buy Kansas City Southern, paving the way for the first single-line railroad linking the United States, Mexico and Canada. Regulators approve Canadian Pacifics $31B acquisition of Kansas supplychaindive.com news stb-approves supplychaindive.com news stb-approves
Combining Canadian Pacific Railway Ltd. with Kansas City Southern Railway Co., the fusion creates the only railway stretching from Canada through to the U.S. and Mexico and marks the continents first major rail merger in more than two decades after a U.S. regulator approved the $31 billion US deal last month.
Canadian Pacific Railway Limited STB Approves CP/KCS Merger With Conditions and Extended Oversight Period. The Surface Transportation Board today issued its decision approving the acquisition of Kansas City Southern Railway Company (KCS) by Canadian Pacific Railway Limited (CP), with conditions. STB Approves CP/KCS Merger With Conditions and Extended Oversight stb.gov news-communications latest-news stb.gov news-communications latest-news
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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.
Canadian Pacific After decades of railroad consolidation, the purchase of Kansas City Southern by Canadian Pacific was widely viewed as the last major merger of the seven Class I mega freight lines. Kansas City Southern railroad merger approved despite growing concerns kansascity.com news article273139095 kansascity.com news article273139095
Canadian Pacific Railway purchased KCS in December 2021 for US$31 billion. Kansas City Southern Railway - Wikipedia wikipedia.org wiki KansasCitySouthern wikipedia.org wiki KansasCitySouthern

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