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

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Posts: 563
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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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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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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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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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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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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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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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.

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

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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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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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A nice and shiny CP Rail train visiting KCS home town.

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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/

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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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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.

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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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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

Andreasburg-Mattiasberg Bahn is inspired by Swiss railways |Forum Thread |Track Plan |Youtube | C and K track | CS2 | TrainController Gold V10
Offline marklinist5999  
#20 Posted : 11 December 2021 12:24:44(UTC)
marklinist5999

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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

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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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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
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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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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.

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#25 Posted : 15 May 2022 12:13:09(UTC)
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#26 Posted : 02 July 2022 21:58:08(UTC)
Wildrose-Wally

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Just had to buy this one.....

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#27 Posted : 13 July 2022 05:32:13(UTC)
Wildrose-Wally

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#28 Posted : 13 July 2022 05:47:58(UTC)
Wildrose-Wally

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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.

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

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Even though those Canadian Pacific cars look a bit old (they are), they are presently luxury cars pulled by these locomotives.

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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.

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Offline Donb  
#30 Posted : 15 July 2022 06:40:06(UTC)
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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
___________________________________________________________________________________
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Offline Wildrose-Wally  
#31 Posted : 18 July 2022 13:59:02(UTC)
Wildrose-Wally

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

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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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#33 Posted : 22 July 2022 06:39:16(UTC)
Wildrose-Wally

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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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#34 Posted : 23 August 2022 03:14:26(UTC)
Wildrose-Wally

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Canadian Pacific and Kansas City Southern merger proposal receives clearance from Committee on Foreign Investment in the United States

Calgary – Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) today announced it has received the required regulatory clearance from the Committee on Foreign Investment in the United States (“CFIUS”) for the proposed combination of CP and Kansas City Southern (“KCS”).

CP completed its acquisition of KCS on Dec. 14, 2021. Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust which ensures KCS will operate independently of CP while the U.S. Surface Transportation Board (“STB”) completes its regulatory review of the companies’ joint railroad control application to create Canadian Pacific Kansas City (“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 early 2023.

cpkc42.jpgcpkc44.jpg
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#35 Posted : 04 December 2022 19:02:51(UTC)
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On a Gorgeous Fall day, the CP Business train snakes its way towards Kansas City to meet up with KCS executives.
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#36 Posted : 06 December 2022 21:39:09(UTC)
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A century ago, 2816 entered service moving people and goods across Canada. Today, CP teams are prepping 2816 for a special cross-continental voyage from Calgary to Mexico City to celebrate completion of the proposed CP-KCS merger, pending regulatory approval, and the connecting of a continent through the creation of CPKC.

2816.jpg
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#37 Posted : 15 March 2023 17:11:28(UTC)
Wildrose-Wally

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Canadian Pacific and Kansas City Southern combination approved by U.S. Surface Transportation Board.

March 15, 2023 Calgary and Kansas City, Mo.
CP reviewing details of 212-page decision authorizing control of KCS on or after April 14

Canadian Pacific (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern ("KCS") said today the U.S. Surface Transportation Board ("STB") 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 ("CPKC"), 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.

https://www.cpr.ca/en/me...tion-board-decision-2023

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Edited by user 16 March 2023 13:14:55(UTC)  | Reason: Not specified

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#38 Posted : 17 March 2023 15:47:46(UTC)
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CP sets date for combination with KCS, announces CPKC executive leadership team


March 17, 2023 Calgary
​Canadian Pacific and Kansas City Southern to combine April 14 to create CPKC, the first and only single-line railway connecting the U.S., Mexico and Canada

Canadian Pacific (TSX: CP) (NYSE: CP) ("CP") said today that, on April 14, 2023, it will exercise the authority granted by the U.S. Surface Transportation Board's ("STB") March 15 final decision and combine with Kansas City Southern ("KCS") to create Canadian Pacific Kansas City ("CPKC"), the first and only single-line railway connecting the U.S., Mexico and Canada. CP today also announced the executive leadership team that will lead CPKC.

"Our new combined railroad will create a truly unique single-line network connecting three nations and instantly injecting new competition into the North American rail industry when our supply chains have never needed it more," said Keith Creel, CP President and CEO. "The public, environmental, competitive and safety benefits of this historic combination, clearly recognized by the U.S. Surface Transportation Board, are extraordinary for our employees, communities, rail customers and the North American economy.

"Under the leadership of the exceptional group of railroaders we announce today, CPKC will bring new options to rail customers while increasing safety, improving service and spurring new investment in our railroad network," Mr. Creel added. "Together, all these benefits will create jobs and drive economic growth in North America.

"We acknowledge the thorough and thoughtful consideration put into the STB's final decision, including the conditions it imposes in order to assure that the transaction's public benefits are realized and any potential harms are avoided. We intend to participate cooperatively and proactively to assist the STB during its oversight process and will honor the conditions the STB has imposed," Mr. Creel said.

As previously announced, Mr. Creel will become President and CEO of CPKC. The following are the anticipated future senior leaders of CPKC, subject to formal appointment by the board of directors, with the executives listed below reporting to the president and CEO:

Nadeem Velani, Executive Vice-President and Chief Financial Officer
John Brooks, Executive Vice-President and Chief Marketing Officer
Mark Redd, Executive Vice-President and Chief Operating Officer
John Orr, Executive Vice-President and Chief Transformation Officer
James Clements, Executive Vice-President Strategic Planning & Technology
Jeff Ellis, Executive Vice-President Chief Legal Officer and Corporate Secretary
Warren Erdman, Executive Advisor Strategic Projects
Laird Pitz, Senior Vice-President and Chief Risk Officer
Mike Foran, Senior Vice-President Network & Capacity Management
Chad Rolstad, Vice-President of Human Resources and Chief Culture Officer
Oscar Augusto Del Cueto Cuevas, KCSM President, General Manager and Executive Representative
Pat Ottensmeyer, KCS President and CEO, has agreed to continue to be an advisor to Mr. Creel through the remainder of 2023 to ensure continuity on key initiatives predominantly involving the combined company and Mexico.

"Our senior leadership team is eager to come together to write the next chapter of railroad history in North America," said Mr. Creel. "This experienced team will guide our work on a seamless integration for our customers, our employees and the North American supply chain."

CP completed its US$31 billion acquisition of KCS on Dec. 14, 2021. Immediately upon the closing of that acquisition, shares of KCS were placed into a voting trust which has ensured that KCS operates independently of CP during the regulatory review process. Until CP exercises control pursuant to the STB decision of March 15 and the Voting Trust is dissolved, CP and KCS will continue to operate independently.

Headquartered in Calgary, Alta., Canada, CPKC will be the first railway connecting North America. While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company will have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people. Full integration of CP and KCS is expected to happen over the next three years, unlocking the benefits of the combination.

CPKC will bring a new standard of safety to the North American rail landscape. CP has been the safest railroad in North America for 17 straight years as measured by the Federal Railroad Administration train accident frequency ratio. In 2022, CP had an all-time best frequency of 0.93, a rate nearly half what the company produced a decade ago and 69 percent lower than the Class 1 average.

CP's culture of safety, supported by its history of sustained investments in core infrastructure and technology, aligns with KCS's likeminded culture, allowing the combined system to operate at the apex of rail safety. CPKC will implement the combination with safety at the forefront of everything it does. In its decision approving the combination, the STB said CPKC "should ultimately enhance safety and benefit the environment."

The STB decision also highlighted a number of other anticipated benefits:

"The Board expects that this new single-line service will foster the growth of rail traffic, shifting approximately 64,000 truckloads annually from North America's roads to rail, and will support investment in infrastructure, service quality, and safety."
"Indeed, approval of this transaction may even enhance safety for the nation as a whole" and that "thus, any rail traffic diverted to CPKC from other railroads will likely mean traffic moving to a railroad with a better safety record."
"The transaction is also expected to drive employment growth across the CPKC system, adding over 800 new union-represented operating positions in the United States."
"The transaction will make possible improved single-line service for many shippers and will result in merger synergies that are likely to allow CPKC to be a vigorous competitor to other Class 1s by providing improved service at lower cost."
CPKC plans capital investments in new infrastructure of more than US$275 million over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.

Anticipated environmental benefits of CPKC include the avoidance of more than 1.6 million tons of greenhouse gas (GHG) emissions due to the anticipated improved operational efficiency of CPKC versus current operations and another 300,000 tons of GHG emissions with the diversion of 64,000 trucks to rail for a total reduction of 1.9 million tons of GHG emissions over the next five years. By diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, reducing total truck vehicle miles traveled by almost 2 billion miles over the next two decades, saving US$750 million in highway maintenance costs.

CPKC will also support the expansion of Amtrak and other passenger services on the CPKC network.

Forward looking information
This news release contains certain forward looking statements and forward looking information (collectively, "FLI") to provide CP shareholders and potential investors with information about CP, KCS and their respective subsidiaries and affiliates, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "will", "target", "believe", "likely" and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI.

Although we believe that FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its nature, FLI involves a variety of assumptions, which are based upon factors that may be difficult to predict and that may involve known and unknown risks and uncertainties and other factors which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by FLI, including, but not limited to, the following: the realization of anticipated benefits and synergies of the CP-KCS transaction and the timing thereof; the success of integration plans; the focus of management time and attention on CP-KCS integration; changes in business strategy and strategic opportunities; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; the ability of management of CP, its subsidiaries and affiliates to execute key priorities, including those in connection with the CP-KCS transaction; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and Mexico; North American and global economic growth; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped; inflation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out business plans; services and infrastructure; the satisfaction by third parties of their obligations; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and Mexico; climate change and the market and regulatory responses to climate change; ability to achieve commitments and aspirations relating to reducing greenhouse gas emissions and other climate-related objectives; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de Mexico, S.A. de C.V.'s Concession; public opinion; various events that could disrupt operations, including severe weather events, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; and the pandemic created by the outbreak of COVID-19 and its variants, and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains.

We caution that the foregoing list of factors is not exhaustive and is made as of the date hereof. Additional information about these and other assumptions, risks and uncertainties can be found in reports and filings by CP with Canadian and U.S. securities regulators, including any prospectus, material change report, management information circular or registration statement that have been or will be filed in connection with the transaction. Reference should be made to "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations – Forward Looking Statements" in CP's annual and interim reports on Form 10-K and 10-Q. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty.

Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this news release is expressly qualified in its entirety by these cautionary statements.

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Offline marklinist5999  
#39 Posted : 17 March 2023 15:54:42(UTC)
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Ameri-Mex-Canada tansit. As several Canadian auto assebly plants have closed, these auto haulers bring vehicles up north now.
Offline Wildrose-Wally  
#40 Posted : 14 April 2023 12:05:50(UTC)
Wildrose-Wally

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Canadian Pacific said that, on April 14, 2023, it will exercise the authority granted by the U.S. Surface Transportation Board's March 15 final decision and combine with Kansas City Southern to create Canadian Pacific Kansas City, the first and only single-line railway connecting the U.S., Mexico and Canada.

820.jpg

https://www.cpkcr.com/en-ca

CPKC-RBG-Cropped.png

Edited by user 14 April 2023 16:58:43(UTC)  | Reason: Not specified

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Offline Wildrose-Wally  
#41 Posted : 28 June 2023 13:14:47(UTC)
Wildrose-Wally

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Get ready for a BIG reveal! We’ve tallied the votes, tune in tomorrow to find out the new CPKC livery!

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Offline Wildrose-Wally  
#42 Posted : 28 June 2023 23:39:08(UTC)
Wildrose-Wally

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KANSAS CITY — Canadian Pacific Kansas City unveiled its new locomotive livery today after tallying the results of employee voting on five potential designs.

The winning choice — selected by 40% of the more than 5,327 employees who participated in the online survey — was option one. In a separate vote of shareholders at the railway’s investor day today, 40% also chose the same livery, CEO Keith Creel says.

The livery is CP red, features the CPKC beaver and shield logo on the long hood, and ends with a splash of gold and black that begins at the radiator section of the locomotive.

CPKC locomotives will wear the livery in Canada, the U.S., and Mexico.

Option No. 5 was second by a wide margin, Creel said.


CPKC.jpg

Edited by user 29 June 2023 17:30:08(UTC)  | Reason: Not specified

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Offline Wildrose-Wally  
#43 Posted : 29 June 2023 20:41:52(UTC)
Wildrose-Wally

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I guess I paint faster than the railroad company. :)

cpg-cpgr3.png

Edited by user 30 June 2023 02:43:31(UTC)  | Reason: Not specified

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Offline Wildrose-Wally  
#44 Posted : 03 July 2023 01:10:44(UTC)
Wildrose-Wally

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The Empress, our 1930-vintage steam locomotive, graced the mainline in Calgary this week.
https://www.facebook.com/reel/968283624415380
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Offline Wildrose-Wally  
#45 Posted : 19 July 2023 06:54:43(UTC)
Wildrose-Wally

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Final Spike Steam Tour - Coming in 2024

CP 2816 steam locomotive, The Empress, departs Calgary on April 14, 2024

DSC_0948-1080x719-b1a3e492-ace6-4102-b98c-5ef7727666e1.jpg

https://www.cpkcr.com/en...Ly9U7N5GEXNVZy2eTbrr7Pqs

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Offline Wildrose-Wally  
#46 Posted : 27 July 2023 12:16:41(UTC)
Wildrose-Wally

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The Panama Railway Company is now owed 50% by the CPKC

858.jpeg

Known as the Panama Railroad Company when founded in the 19th century, today it is operated as Panama Canal Railway Company (reporting mark: PCRC). Since 1998 it has been jointly owned by then Kansas City Southern, now Canadian Pacific Kansas City, and Mi-Jack Products and leased to the government of Panama. The Panama Canal Railway is primarily dedicated to freight transport, but it has also operated a passenger service between Panama City and Colón.

Panama_Canal_Railway_-_Passenger_Train.jpeg

Mi-Jack Products

Edited by user 28 July 2023 17:55:32(UTC)  | Reason: Not specified

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Offline Alsterstreek  
#47 Posted : 16 September 2023 23:50:23(UTC)
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Already seen the Kansas City Southern (KCS) GE ES44AC on the Märklin website?

https://www.maerklin.de/...b0f1031cb7f192c14ae5048f

Edited by user 17 September 2023 07:57:59(UTC)  | Reason: Not specified

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Offline Crazy Harry  
#48 Posted : 17 September 2023 21:59:33(UTC)
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Originally Posted by: Alsterstreek Go to Quoted Post
Already seen the Kansas City Southern (KCS) GE ES44AC on the Märklin website?

https://www.maerklin.de/...b0f1031cb7f192c14ae5048f


The paint scheme is already out-of-date, haha!

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Offline Wildrose-Wally  
#49 Posted : 24 October 2023 14:35:03(UTC)
Wildrose-Wally

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Offline Crazy Harry  
#50 Posted : 24 October 2023 17:16:07(UTC)
Crazy Harry

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Originally Posted by: Wildrose-Wally Go to Quoted Post
https://www.facebook.com/watch/?v=1793941547728287


More information here: CPKC Final Spike Steam Tour

Looks interesting, but concentrated in the United States.

Cheers,

Harold.

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