Canadian Pacific Railway Ltd. has announced it will officially combine with Kansas City Southern Railway Co. on April 14, under the new banner of Canadian Pacific Kansas City.
To “ensure continuity,” KCS chief executive Pat Ottensmeyer will advise Creel through the remainder of 2023, CP said.
There are few overlapping routes between the two railways, Oberman noted. The merger is expected to speed up freight travel time, enhance efficiency and encourage better competition with the other five, larger U.S. railways, he said.
“We intend to participate co-operatively and proactively to assist the STB during its oversight process and will honour the conditions the STB has imposed.”
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