Canadian Pacific and Kansas City Southern have filed with the U.S. Surface Transportation Board what they termed a “control application” that outlines their operating plans if their proposed merger is approved by regulators.
In a news release the two Class 1 systems said they plan to keep all existing freight rail gateways open “on commercially reasonable terms.”
The document also outlines how the merged company, to be known as Canadian Pacific Kansas City, will seek to seek to attract freight traffic to its post-merger network linking Canada, the United States and Mexico.
CP plans to acquire KCS in a stock and cash transaction of about $31 billion that values KCS at $300 per share.
Tags: Canadian Pacific, Class 1 railroad mergers, Kansas City Southern, U.S. Surface Transportation Board
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