A more reliable rail network for North America
By Marcus Williams2021-12-14T10:16:00
At this year’s Finished Vehicle Logistics North America conference KCS president and CEO, Patrick Ottensmeyer talked in detail about his company’s merger with Canadian Pacific
The merger agreement between North American rail companies Canadian Pacific (CP) and Kansas City Southern (KCS), which was announced in September this year, is on track for final completion in the second half of 2022.
The Surface Transportation Board (STB) accepted the merger application on November 23, the first in a two-step procedure that now involves a full review prior to control approval.
The two rail providers also secured approval from the Mexican antitrust body The Federal Economic Competition Commission (Cofece) at the end of November, and from the Mexican Federal Telecommunications Institute (IFT) relating to telecommunications licences. CP and KCS also each secured shareholder approval in December.