CP and KCS settle on merger terms

THE RESPECTIVE PURSUITS of Class I railroad carrier Kansas City Southern (KCS) by Calgary-based Canadian Pacific (CP) and its Canadian counterpart Canadian National (CN) have come to the end of the line. KCS and CP said that this deal is subject to approval by the Surface Transportation Board (STB),...

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Bibliographic Details
Published inLogistics Management (2002) Vol. 60; no. 10; pp. 10 - 11
Main Author Berman, Jeff
Format Trade Publication Article
LanguageEnglish
Published Framington Peerless Media 01.10.2021
Subjects
Corporate presidents
Logistics management
Railroad transportation
Railroads
Supply chains
Canada
United States > US
Mexico
Kansas City Missouri
Calgary Alberta Canada
North America
Online AccessGet full text
ISSN1540-3890

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Summary:THE RESPECTIVE PURSUITS of Class I railroad carrier Kansas City Southern (KCS) by Calgary-based Canadian Pacific (CP) and its Canadian counterpart Canadian National (CN) have come to the end of the line. KCS and CP said that this deal is subject to approval by the Surface Transportation Board (STB), which last April reaffirmed that it would review the CP-KCS deal under pre-2001 merger rules and also the waiver granted to KCS in 2001 to exempt it from those rules. Logistics Management contributing editor and supply chain consultant Brooks Bentz said that, on the face of it, competition is better served with the CP-KCS combination.
ISSN:1540-3890