Kansas City Southern Takeover Still On Track

The end of an era for local rail approaches . . .

Check financial deets on recent progress . . .

The company still appears to be on track for its $31 billion (U.S.) takeover of Kansas City Southern, with Creel telling investors that the company is anticipating a decision on the takeover by the U.S.Surface Transportation Board (STB) in early 2023. CP is aiming to create the first single-line rail network in North America, which would link Canada, the U.S. and Mexico.

Read more via www.TonysKansasCity.com link . . .

The Faceoff: Both CP and CN railways are recovering in spite of supply chain disruptions but CP's merger with Kansas City Southern gives it an edge

CP appears to be bouncing back. In spite of ongoing supply chain issues, CP has reported second quarter revenue of $2.2 billion, up seven per cent compared to the same quarter in 2021.