Shippers fearing rail strike in Canada keep inventory high
Large shippers are keeping inventory high, fearing a Canadian rail strike could come sooner than ...
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Canadian Pacific Rail (CP) is set to buy Kansas City Southern (KCS) for $29bn, in a stock and cash transaction.
If approved by the US Surface Transportation Board (STB), the deal will create the first railway that connects Canada, the US and Mexico, and includes the assumption of $3.8bn of outstanding KCS debt.
CP president & CEO Keith Creel said: “This transaction will be transformative for North America, providing significant positive impacts for our respective employees, customers, communities and shareholders.
“This will create ...
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Don Starr
April 28, 2021 at 12:30 amCP CN and KCS need to be giving trackage rights to the ports of Long Beach and Los Angeles to give PSR stockholders , a hand along BNSF moving to inbound and outbound container trains.