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Offline Wildrose-Wally  
#1 Posted : 18 April 2021 06:21:16(UTC)
Wildrose-Wally

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Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
CP-KCS_Map-1024x814.jpg

CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico.

The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in Kansas City, Mo., the only location where their systems meet.

This will likely help the deal win over U.S. regulators. KCS is exempt from the Surface Transportation Board’s more stringent Class I merger rules that since 2001 have effectively prevented combinations of the six major systems. The railroads expect the merger to gain regulatory approval in 2022.

“My guess is that, despite what I have thought was a more interventionist stance, STB approval is likely, as there is little to no overlap — and this is the only merger that by itself, as a standalone, might not trigger full rail consolidation, as any other pairing likely would,” says independent analyst Anthony B. Hatch.

The $25 billion deal ($29 billion including CP assumption of KCS debt) will enable CP to better compete against larger rival Canadian National, which has enjoyed three-coast access since it acquired Illinois Central in 1998. But CP will also extend its reach into Mexico, where KCS cross-border traffic has been growing by more than 10% annually due to rising intermodal, automotive, and refined products volume.

CP also gains access to the dozen Gulf of Mexico ports that KCS and KCS de Mexico currently serve. Last year CP regained access to the Atlantic at Saint John, New Brunswick, through its acquisition of the Central Maine & Quebec, whose line across Maine once was part of CP’s shortcut from Montreal to the Atlantic.

“This transaction will be transformative for North America, providing significant positive impacts for our respective employees, customers, communities, and shareholders,” said CP CEO Keith Creel. “This will create the first U.S.-Mexico-Canada railroad, bringing together two railroads that have been keenly focused on providing quality service to their customers to unlock the full potential of their networks. CP and KCS have been the two best performing Class I railroads for the past three years on a revenue growth basis.”

CP and KCS say they will launch new intermodal service linking Dallas and Chicago, where traffic will be able to connect with existing CP service to Eastern and Western Canada. CP also will enjoy long hauls on existing traffic, such as crude and grain bound for the Gulf Coast and Mexico, that it currently hands off to KCS in Kansas City.

The merger also will tie together auto production areas in Canada, Detroit, and Mexico and create new single-line service for vehicles produced at assembly plants in Mexico that are bound for consumer markets in the Midwest and Canada. Currently about 5% of CP’s auto volume comes from Mexico, where auto production has been growing in recent years.

Only 1% of CP’s overall traffic is cross-border with Mexico. But propane exports from Canada to Mexico have been surging since 2014. Mexico’s consumption of propane is among the highest in the world, and its propane production is declining. CP will enjoy long hauls for Mexican-bound propane shipments that originate in Alberta.

The new company, to be called Canadian Pacific Kansas City, will be based in Calgary and headed by Creel, who has extended his contract through 2026. Kansas City, current home to KCS, will serve as the U.S. headquarters. The system’s Mexico headquarters will remain in Mexico City and Monterrey, and CP’s current U.S. headquarters in Minneapolis-St. Paul “will remain an important base of operations,” CP says.

KCS, which connects with all six of the major systems, has been the subject of merger speculation for years. Last summer two infrastructure funds considered taking the railroad private, which prompted speculation in the rail industry that CP might seek to acquire KCS.

Former KCS CEO Michael R. Haverty — who built KCS into a cross-border system 25 years ago — says attempts to merge with CP more than a decade ago never jelled. Fred Green, who was then CP’s chief executive, feared a deal would spark opposition from Union Pacific, Haverty says.

“I do think this is a very good fit,” Haverty says.

Haverty suspects that last year’s private equity interest in KCS sparked consolidation talks with CP.

KCS was a north-south railroad in an east-west world until the North American Free Trade Agreement was signed in 1992. Haverty saw the opportunity to turn KCS from a Midwest-Gulf Coast regional into a cross-border system that could tap into free trade. In 1996, KCS gained the 50-year concession to operate what was then called Mexico’s Ferrocarril del Noreste, or Northeast Railroad.

Haverty expects CP-KCS deal to pass regulatory muster in the U.S. but says some concessions may be required in Mexico, where the federal regulator has become increasingly concerned about rail competition.

Most of KCS’s growth comes from linking production areas in Mexico with consumers in the U.S. and Canada, as well as exporting U.S. grain, U.S. and Canadian auto parts, and refined products to Mexico.

The KCS International Railway Bridge at Laredo, Texas, is the busiest rail border crossing in North America. KCS already had plans under way to add a second span across the Rio Grande at Laredo, where it also interchanges with Union Pacific.

The combined CP and KCS system will remain the smallest Class I by revenue. But at 19,200 miles CP-KCS is roughly the size of the 19,500-mile CN.
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Offline marklinist5999  
#2 Posted : 18 April 2021 12:45:21(UTC)
marklinist5999

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Location: Michigan, Troy
Makes sense for Canada moving freight and oil to and from the gulf ports. AmeriMexiCanada trade. The Mexican plants get parts in by ships, assemble card, trucks, white goods, etc.Then they go by rail or truck north. Parts made in Mexico to American and Canadian plants also.
Offline Wildrose-Wally  
#3 Posted : 18 April 2021 14:20:46(UTC)
Wildrose-Wally

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Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
9597.jpg4579.jpg
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Offline Wildrose-Wally  
#4 Posted : 20 April 2021 04:51:56(UTC)
Wildrose-Wally

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Joined: 22/12/2013(UTC)
Posts: 547
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Heritage Units:

Riding The Rails_3_1000.jpgRiding The Rails_4_24.jpg
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Offline mike c  
#5 Posted : 20 April 2021 05:23:24(UTC)
mike c

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Location: Montreal, QC
Canadian Pacific Southern de Mexico?



Offline Wildrose-Wally  
#6 Posted : 20 April 2021 05:43:38(UTC)
Wildrose-Wally

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According to the news article, the name of the merged companies would be "Canadian Pacific Kansas City", with the head office in Calgary.
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Offline jcrtrains  
#7 Posted : 20 April 2021 15:50:00(UTC)
jcrtrains

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Location: Toronto, Ontario
It is a very good move for CP.

I actually worked for CP in technology from 1992 to 1994, the only time I have actually not been in consulting. At the time, CP was quite advanced in technology but that still meant that the actual technology budget was less than the actual track weed control budget. That puts it in perspective.

Also at the time, CP had their own email system called Merlin. It was very advanced for it's time and incorporated an OS/2 frontend. It could even do attachments. It was sold to several other companies. The backend at CP took up three of the five mainframes. It was IMS (DB/DC) and at the time sysplexing wasn't available between mainframes and CP had built their own 'sysplex' technology to span the three mainframes.

What was also fascinating was how lean some of the acquisitions were from a technology perspective. In that period, CP bought the Soo line. Their technology team only had 15 programmers for the entire railroad.

CP was a great learning experience.
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Offline mike c  
#8 Posted : 20 April 2021 22:09:01(UTC)
mike c

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Location: Montreal, QC
The information that I had was that Kansas City Southern would continue to operate under that name (also KC Southern de Mexico) and retain it's corporate offices in Kansas City.

To make things more interesting, it was reported today that Canadian National (CN) had submitted a rival bid for the acquisition of KCS.

Stay tuned...

Regards

Mike C
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Offline Wildrose-Wally  
#9 Posted : 24 April 2021 04:21:31(UTC)
Wildrose-Wally

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Location: Sunny Southern Alberta
Even though Canadian National says their deal is subject to the same rules as the deal between CP and KCS, this is not exactly true. Canadian National is at this time a competitor with KCS, as they serve some of the same areas, whereas CP Rail and KCS only meet at one point, Kansas. The deal with CN would have to go through a rigorous examination by the Transportation board, and could not be approved in a short term like CP and KCS.

home-masthead-e1616251690496-1600x832.jpg
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Offline Wildrose-Wally  
#10 Posted : 15 May 2021 07:03:40(UTC)
Wildrose-Wally

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CALGARY – May 14, 2021 – Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) today issued the following statement in response to the Department of Justice (“DOJ”) filing with the Surface Transportation Board (“STB”) regarding Canadian National’s (“CN”) proposed use of a voting trust in connection with its proposed combination with Kansas City Southern (“KCS”).

CP concurs with the DOJ’s objection to CN’s proposed use of a voting trust on the grounds that a CN merger with KCS would pose greater risks to competition than the CP-KCS agreement. The filing notes: “A CN-KCS transaction poses additional dangers to competition stemming from the potential elimination of direct, ‘parallel’ competition on routes served by both railroads, for example between Baton Rouge and New Orleans.” CN’s proposed use of a voting trust would create “threats to competition [that] would be present immediately after the CN voting trust is consummated.” And, DOJ added, “[i]t is particularly important to protect” the incentives of CN and KCS “to compete where, as here, CN and KCS appear to compete head-to-head on multiple parallel routes.”

The filing continues: “On May 6, 2021, the Board approved the proposed CP-KCS voting trust in Finance Docket No. 36500. Notwithstanding this decision, the Board should not permit the proposed CN voting trust because CN’s proposed acquisition of KCS appears to pose greater risks to competition than the risks posed by a CP-KCS merger.”

The DOJ’s position is consistent with CP’s assessment that CN’s proposal is illusory and offers unattainable value to KCS’ shareholders.

CP remains confident its friendly agreement is the only viable merger for KCS, as already validated by two favorable rulings by the STB. The STB approved CP’s use of a voting trust and affirmed KCS’ waiver from the new rail merger rules it adopted in 2001 because a CP-KCS combination is truly end-to-end, pro-competitive and together they would remain the smallest Class 1 railway.

https://futureforfreight...ature-of-cn-bid-for-kcs/
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Offline Wildrose-Wally  
#11 Posted : 27 September 2021 05:04:48(UTC)
Wildrose-Wally

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Location: Sunny Southern Alberta
The battle is over, CN lost and CP won.:

Calgary and Kansas City, Mo. – Sept. 15, 2021 – Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$31 billion1, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34% premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 20212.

https://futureforfreight...nking-u-s-mexico-canada/

Calgary will be the global headquarters of CPKC (Canadian Pacific Kansas City), and Kansas City, Missouri will be the U.S. headquarters. The Mexico headquarters will remain in Mexico City and Monterrey. CP’s current U.S. headquarters in Minneapolis-St. Paul will remain an important base of operations.
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Offline mkeigwin  
#12 Posted : 02 October 2021 03:57:11(UTC)
mkeigwin

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Joined: 13/10/2017(UTC)
Posts: 42
Location: Massachusetts, Franklin
Thank you for posting this. Very interesting deal. Raising the stakes against BNSF and the UP.
Offline Wildrose-Wally  
#13 Posted : 09 October 2021 14:26:06(UTC)
Wildrose-Wally

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Location: Sunny Southern Alberta
Offline Wildrose-Wally  
#14 Posted : 17 October 2021 22:33:19(UTC)
Wildrose-Wally

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Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
On March 21, 2021, Canadian Pacific Railway (CPR) and KCS announced that CPR would purchase KCS for US$29 billion, which would allow the CP to own rail lines across the entire North American continent. Kansas City Southern CEO Patrick Ottensmeyer stated that the United States-Mexico-Canada Agreement signed a year earlier created a unique opportunity amid the recovery from the COVID-19 pandemic. The US Surface Transportation Board would first have to approve the purchase, which was expected to be completed by the middle of 2022.

However, a competing cash and stock offer was later made by Canadian National Railway (CNR) on April 20, 2021 at $33.7 billion. On May 13, 2021, KCS announced in a statement that they planned to accept the merger offer from CN, but would give CP until May 21 to come up with a higher bid. On May 21, KCS and CN agreed to a merger.

CN's merger attempt was damaged by a STB ruling on August 31, 2021 that the company's proposal to use a voting trust to assume control of KCS pending review of the merger by the board was denied, due to concerns about potentially reduced competition in the railroad industry. KCS backed out of the merger agreement made with CN on September 12, 2021, in favor of a new $31 billion offer from CP. Though CP's offer is lower than the offer made by CN, the STB has permitted CP to use a voting trust to take control of KCS.

Edited by user 18 October 2021 11:35:18(UTC)  | Reason: Not specified

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Offline Wildrose-Wally  
#15 Posted : 30 October 2021 10:28:36(UTC)
Wildrose-Wally

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Location: Sunny Southern Alberta
Canadian Pacific and Kansas City Southern File Merger Application with STB to Create Only Single-Line Rail Network Linking U.S.-Mexico-Canada

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced they have jointly filed a railroad control application with the Surface Transportation Board ("STB") regarding the proposed transaction to create Canadian Pacific Kansas City ("CPKC"), the only single-line railroad linking the United States, Mexico and Canada.

https://futureforfreight...ol-Application-final.pdf

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Offline Wildrose-Wally  
#16 Posted : 22 November 2021 01:40:03(UTC)
Wildrose-Wally

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Joined: 22/12/2013(UTC)
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Location: Sunny Southern Alberta
A nice and shiny CP Rail train visiting KCS home town.

8163.jpg

A train led by four brand new AC4400CWM rebuilds on its way to the KCS Knoche Yard with the Kansas City downtown skyline in the background.

https://www.railpictures.net/photo/782511/

8163a.jpg

Four brand new AC4400CWM's lead this manifest through the Kansas City West Bottoms area.

https://www.railpictures.net/photo/782510/
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Offline Wildrose-Wally  
#17 Posted : 05 December 2021 02:33:04(UTC)
Wildrose-Wally

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Kansas City Southern Merger Proposal Receives Required Mexican Regulatory Approvals

Calgary and Kansas City, Mo. - Nov.26, 2021 - Canadian Pacific Railway Limited and Kansas City Southern today announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute for the previously announced proposed combination of KCS and CP.

"This important milestone marks the next step on our path to creating the first single-line rail network linking the U.S., Mexico and Canada," said Keith Creel, CP President and Chief Executive Officer. "This historic combination will add capacity to the U.S. rail network, create new competitive transportation options, support North American economic growth, and deliver important benefits to customers, employees and the environment."

"We are very excited to be working with CP to bring the benefits of this end-to-end combination to fruition," said Patrick J. Ottensmeyer, President and Chief Executive Officer of KCS. "Together we will unlock the full potential of our networks to provide new single-line offerings and industry-best service that will dramatically expand competitive transportation options across North America."

The transaction remains subject to satisfaction of customary closing conditions, including approval from stockholders of both companies. CP's and KCS' stockholders are scheduled to vote on the proposed transaction on Dec. 8 and 10, 2021, respectively. Provided the transaction is approved by CP and KCS stockholders, it is expected to close two business days later on Dec. 14.

On Sept. 30, 2021, the Surface Transportation Board ("STB") confirmed that it has approved the use of a voting trust for the CP-KCS combination. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. CP's ultimate acquisition of control of KCS' U.S. railways is subject to the approval of the STB.

The STB review of CP's proposed control of KCS is expected to be completed in the fourth quarter of 2022.

CPKC.jpg

A pair of clean locomotives on the North and South Ramp Tracks #201 and 202 accurately represent that Knoche Yard is a joint agency facility, shared by Kansas City Southern and Canadian Pacific.

Kansas City Southern Merger Proposal Receives Required Mexican Regulatory Approvals
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Offline Wildrose-Wally  
#18 Posted : 11 December 2021 03:37:24(UTC)
Wildrose-Wally

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Location: Sunny Southern Alberta
CP Shareholders Overwhelmingly Support Proposed CP-KCS Merger Agreement

December 8, 2021 Calgary
Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) today announced that its shareholders voted overwhelmingly in favour of the issuance of CP common shares to Kansas City Southern (“KCS”) common stockholders in connection with the proposed CP-KCS combination.

“The shareholder approvals today are a key step on our path to this once-in-a-lifetime partnership to create the first U.S.-Mexico-Canada rail network,” said Keith Creel, CP President and Chief Executive Officer. “This is a transformative opportunity for CP, for KCS, and for the North American economy.”

CP shareholders voted on two items of business at Wednesday’s special meeting of shareholders. The first was an ordinary resolution (“Share Issuance Resolution”) to approve the issuance of up to 277,960,197 CP common shares as the share consideration under the terms of the merger agreement. The second was a special resolution (“Name Change Resolution”) to approve an amendment to CP’s articles of incorporation to change its name to Canadian Pacific Kansas City Limited, a change contingent upon the approval by the U.S. Surface Transportation Board (“STB”) of the proposed CP-KCS combination.

The results of the vote are as follows:

​ % Votes For % Votes Against
Share Issuance Resolution 99.91% 0.09%
Name Change Resolution 99.83% 0.17%

“The overwhelming support our shareholders have given today to the transaction is critical to making this combination a reality,” Creel added. “In the coming days, we will be working to complete the steps required to close into the voting trust, and in the months ahead we look forward to participating in the STB’s comprehensive regulatory review. Following receipt of STB approval and consummation of CP control, Canadian Pacific Kansas City will add new capacity to the U.S. rail network, create new competitive transportation options, support North American economic growth, and deliver other important benefits to customers, employees, and the environment.”

As previously announced on Sept. 15, 2021, CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion[1], which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34% premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’s unaffected closing price on March 19, 2021.[2]

On Sept. 30, 2021, the STB confirmed that it approved the use of a voting trust for the transaction. The conditions to closing into voting trust include receipt of approval from the shareholders of both companies along with the satisfaction of other customary closing conditions, including receipt of Mexican regulatory approvals.

Required Mexican regulatory approvals were received last month and a special meeting of KCS stockholders to vote on the merger agreement is scheduled for Friday, Dec. 10, 2021. Provided the transaction is approved by KCS stockholders on Friday, the transaction is expected to close into trust two business days later on Dec. 14, 2021. At the closing into trust, KCS common stockholders will receive 2.884 CP shares and $90 in cash for each KCS common share held. KCS preferred stockholders will receive $37.50 for each KCS preferred share held, and KCS’s voting shares will be placed into trust.

On Nov. 23, 2021, the STB formally accepted the CP-KCS control application and issued a procedural schedule. The STB's review of CP’s proposed control of KCS is expected to be completed in the fourth quarter of 2022.

Additional information regarding the combination can be found in the management proxy circular dated Nov. 1, 2021, which has been filed with both Canadian and U.S. securities regulators, including with the U.S. Securities and Exchange Commission (“SEC”).

For information on the benefits of a CP-KCS combination, visit FutureForFreight.com.

[1] Except where noted, all figures are in U.S. dollars.
[2] Based on KCS closing share price of $224.16 as of March 19, 2021 and CP closing share price of CAD$91.50 (at 1.2565 FX rate) as of Aug. 9, 2021.


Kansas City Southern Stockholders Approve Merger with CP

December 10, 2021

KANSAS CITY, Mo., December 10, 2021. Kansas City Southern (NYSE: KSU) (“KCS”) announced that the Company’s stockholders have voted to approve the previously announced combination with Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) at today’s virtual Special Meeting of Stockholders (“Special Meeting”). Of the 64.5 million shares voting at the Special Meeting, approximately 99.6% were cast in favor of the adoption of the proposed merger agreement.

The transaction is expected to close on Tuesday, December 14, 2021. KCS stockholders will receive $90 in cash and 2.884 CP shares for each KCS common share held and $37.50 in cash for each KCS preferred share held. Immediately upon close, ownership of KCS will be held in a voting trust pending the Surface Transportation Board’s review and approval of CP’s proposed control of KCS, which is expected to occur in the fourth quarter of 2022.

On December 8, CP’s stockholders voted to approve the issuance of the CP common shares to KCS stockholders in connection with the proposed merger.

For information on the benefits of a CP-KCS combination, visit FutureForFreight.com.

5018.jpg

Edited by user 28 December 2021 01:44:27(UTC)  | Reason: Not specified

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Offline PeFu  
#19 Posted : 11 December 2021 11:14:56(UTC)
PeFu

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Joined: 30/08/2002(UTC)
Posts: 975
Originally Posted by: Wildrose-Wally Go to Quoted Post
CP-KCS_Map-1024x814.jpg

Just being curious, as I’m working for the Swedish railway infrastructure owner: Does this imply that the new Canadian Pacific Kansas City company owns the railway infrastructure (and surrounding real estates) along the solid lines of the map? And how about the dotted lines, e.g. between Chicago and Detroit?

Smile

Inspired by Swiss railways SBB and BLS | C and K track | CS2 | TrainController Gold V9
Youtube Channel for the Andreasburg-Mattiasberg layout
Offline marklinist5999  
#20 Posted : 11 December 2021 12:24:44(UTC)
marklinist5999

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Location: Michigan, Troy
The global logistic system is in place. The map depicts the Ameri-Mexi-Canada rail and road connections. Petroleum from Canada through to the Lousianna port, on to China, and the import of commodities and parts for the auto and white goods, etc. industry, as well as assembled units north.
Even prior to the NAFTA agreements, the Detroit auto makers were importing parts from mexico as early as the mid to late 70's, and steel and some parts from Nippon, Jatco, etc. from Japan.
China's frist port opened in the year 786 A.D. The silk road was part of it's development.
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Offline Wildrose-Wally  
#21 Posted : 11 December 2021 18:39:13(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
Originally Posted by: PeFu Go to Quoted Post
Originally Posted by: Wildrose-Wally Go to Quoted Post
CP-KCS_Map-1024x814.jpg

Just being curious, as I’m working for the Swedish railway infrastructure owner: Does this imply that the new Canadian Pacific Kansas City company owns the railway infrastructure (and surrounding real estates) along the solid lines of the map? And how about the dotted lines, e.g. between Chicago and Detroit?

Smile



The railroads do own the infrastructure. Here in Canada, Canadian Pacific owns the railroad and one section beside the railroad, alternating left and right of the track. The dotted lines on the map are owned by other railroads, but CP and KCS have the right to use them.

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Offline Wildrose-Wally  
#22 Posted : 15 December 2021 02:20:49(UTC)
Wildrose-Wally

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Location: Sunny Southern Alberta
Canadian Pacific and Kansas City Southern Close Into Voting Trust

KANSAS CITY, Mo., Dec. 14, 2021 - Kansas City Southern (NYSE: KSU) ("KCS") today announced the completion of its sale to Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP"). The transaction represents an enterprise value of approximately USD$31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held.

Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust with Dave Starling, former KCS President and CEO, appointed as the Voting Trustee. The Voting Trust, which ensures KCS will operate independently of CP, will remain in effect until the U.S. Surface Transportation Board ("STB") issues its decision on the companies’ joint railroad control application. The STB’s approval of CP’s control of KCS would create Canadian Pacific Kansas City Limited ("CPKC"), the only single-line railroad linking the United States, Mexico and Canada. The STB review of CP’s proposed control of KCS is expected to be completed in the fourth quarter of 2022.

"Today is a historic day for our two iconic companies," said Keith Creel, CP President and Chief Executive Officer. "CPKC will become the backbone connecting our customers to new markets, enhancing competition in the U.S. rail network, and driving economic growth across North America while delivering significant environmental benefits. We are excited to reach this milestone on the path toward creating this unique truly North American railroad."

"As a Board and management team, we are proud of the countless contributions and achievements of all those who work for Kansas City Southern," said Patrick J. Ottensmeyer, KCS President and Chief Executive Officer. "We are excited for the possibilities that will open to us through this combination with CP and we look forward to our next chapter."

Expected benefits from the business combination will not be realized until the STB approves CP’s control of KCS’ railroads. Upon obtaining control approval from the STB, the two companies expect to achieve full integration over the ensuing three years, unlocking the benefits of the combination.

For information on the benefits of a CP-KCS combination, visit FutureForFreight.com.

268236802_4549870185048665_4962313506834937567_n.jpg
Offline Wildrose-Wally  
#23 Posted : 08 January 2022 02:02:55(UTC)
Wildrose-Wally

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Offline Wildrose-Wally  
#24 Posted : 14 March 2022 03:34:58(UTC)
Wildrose-Wally

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Posts: 547
Location: Sunny Southern Alberta
CEOs meet in Chicago for a brief ceremony

CHICAGO – Amtrak President and CEO Stephen J. Gardner this week congratulated Canadian Pacific (CP) for earning an industry-leading “A” grade for the sixth consecutive year on the annual Amtrak Host Railroad Report Card, which ranks freight railroads for keeping Amtrak trains on-time. Gardner presented the host railroad award to CP President and CEO Keith Creel at Amtrak Chicago Union Station.


“We’re proud of the Amtrak-CP partnership and we applaud you and your team’s continued commitment to providing outstanding service to our passengers. Congratulations on six years straight as Amtrak’s best performing host railroad,” Gardner said.

“CP is honored to receive this recognition of the success we have achieved as a host railroad providing industry-leading service to Amtrak on our lines,” Creel said.

In January, Amtrak and CP announced an agreement committing to maintaining CP’s industry-leading role as a host railroad and to cooperating with Amtrak to implement its long-term strategic vision to bring new and expanded intercity passenger rail service to the Midwestern and Southern U.S.

“Given CP’s consistent record as an Amtrak host, we are supporting CP’s proposal to expand its network in a merger with Kansas City Southern,” Gardner added.

“CP is pleased to continue to support Amtrak and its infrastructure projects to provide capacity needed to accommodate additional service and thankful to Amtrak for its support of our historic combination with Kansas City Southern,” said Creel.

In addition to its strong dispatching performance from its Minneapolis-based rail traffic control center, CP was the first Amtrak host to certify schedules to measure on-time status at each Amtrak station.

unwdwdnamed.jpg
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Offline Wildrose-Wally  
#25 Posted : 15 May 2022 12:13:09(UTC)
Wildrose-Wally

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Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
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Offline Wildrose-Wally  
#26 Posted : 02 July 2022 21:58:08(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
Just had to buy this one.....

s-l1600.jpgs-l1600 (1).jpg
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Offline Wildrose-Wally  
#27 Posted : 13 July 2022 05:32:13(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
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Location: Sunny Southern Alberta
Offline Wildrose-Wally  
#28 Posted : 13 July 2022 05:47:58(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
KCS1.jpg

The Kansas City Southern business special heads south through Poteau, OK on June 6, 2022. This particular running of the business train included five Canadian Pacific cars on the rear.

KCS2.jpg

Battling some hazy/high clouds is the fully loaded KCS business train. The governor of Louisiana, CP CEO Keith Creel, KCS CEO Pat Ottensmeyer, Amtrak president Steven Gardner, and the head of the FRA, Amit Bose, were all onboard this Amtrak inspection trip. The hazy atmospheric conditions led me to underexpose the image significantly in the field in order to save some of the highlights from the sky. I think it worked well as the business train made its way across at a sultry 10mph. No doubt the putrid shape of the KCS bridge over the spillway was a topic of engineering discussion by those onboard. A "successful" trip? Only time will tell as we have yet to see if the STB will approve the CP/KCS merger, and the Amtrak expansion. No matter what reason, however, it is always nice to see the vintage business train out rolling down the KCS.

Watch the video to see the five Canadian Pacific cars on the rear.

Offline Wildrose-Wally  
#29 Posted : 14 July 2022 05:33:59(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
Even though those Canadian Pacific cars look a bit old (they are), they are presently luxury cars pulled by these locomotives.

1400(2).jpg

Royal Canadian Pacific Tour train

1400.jpg

Canadian Pacific’s Royal Canadian Pacific luxury train crosses the massive bridge at Lethbridge, Alberta, on CP’s Crownest Pass route on September 15, 2002. The huge structure, commonly known as Lethbridge Viaduct or High Level Bridge, was built by CP between 1907 and 1909 to replace an smaller, older wooden bridge located on a more circuitous and steep former route across the valley. The bridge is 1,624 meters (5,328 feet) long (yes, over a mile long!) and is 96 meters (314 feet) above Oldman River. It is the largest railway structure in Canada and the largest bridge of its type in the world.

I live in Lethbridge, Alberta. Back when I tried to get on that train, but the tickets were sold out very fast.

I did travel on a train like this one in July, 1976 from Toronto to Calgary.

1432.jpg
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Offline Donb  
#30 Posted : 15 July 2022 06:40:06(UTC)
Donb

Canada   
Joined: 03/04/2013(UTC)
Posts: 238
Location: Fraser Valley
HI W-Wally,

Love the pics! I rode the Royal Canadian back in 1964 from Montreal to Calgary in my youth, still have vivid memories of that trip. I hope that one day Maerklin releases an F7 set with the coaches in that color scheme.
Then, in 1977, I worked for CP rail prior to going to college, I was a cook in the Dome car cafe of the 'Canadian', like your last pic. I made about 20 trips from Vancouver to Thunder Bay and return that summer. Most fun job I ever had!! :)
I've been hooked on trains ever since.
Best Regards,
Don
___________________________________________________________________________________
Viessmann Commander, ECoS 50210 , C track and Z scale
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Offline Wildrose-Wally  
#31 Posted : 18 July 2022 13:59:02(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
Originally Posted by: Wildrose-Wally Go to Quoted Post
Just had to buy this one.....

s-l1600.jpgs-l1600 (1).jpg


It has arrived at the post office in Lethbridge a couple of hours ago, should be delivered today. Love

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Offline Wildrose-Wally  
#32 Posted : 21 July 2022 06:38:16(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
It was delivered today, I have them pulling some Dutch coaches right now, I don't have KCS coaches. I am looking for them though, but they will have to work properly on my Marklin track.

KCS1.jpgKCS2.jpgKCS3.jpg
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Offline Wildrose-Wally  
#33 Posted : 22 July 2022 06:39:16(UTC)
Wildrose-Wally

Canada   
Joined: 22/12/2013(UTC)
Posts: 547
Location: Sunny Southern Alberta
I am a truck driver, and when I left our city this morning I saw a KCS engine about half a block from my house. Of course I was on the highway and could not stop to make pictures. On the way back at the end of the day (about 5:00pm) I saw that engine again, but it was part of a train ready to head west. Of course I was on the highway again, no pics.

I went to our yard, parked the truck and did the paperwork. Then I left in my car. I figured I could go to where the train was and make pictures. When I got there the train had left. I followed it and in an hour I had caught up to it. I made a couple pictures. Then I went a few miles ahead where there was a nice trestle, I thought a pic of the train crossing there would be really nice. The train made me wait, and wait, and wait.....

I went back and found the train again; it had stopped just a few miles from where I made my pictures. I was probably waiting for an oncoming train. I went home, a little disappointed.

4116.jpg8775.jpgtrestle.jpg


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