Calgary Alberta - Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) today announced that Bartlett Grain, Port of Milwaukee, Asociacion Mexicana de la Industria Automotriz A.C. (AMIA), were among stakeholders that filed statements with the Surface Transportation Board (STB) in support of the planned combination between the two companies.
 
They join over 405 supporters across the broad spectrum of the transportation supply chain that have filed letters with the STB.
 
The statements follow previous filings with the STB on 31 Mar 2021, 6 Apr 2021, and 12 Apr 2021.
 
Shippers and supporters stated they expect the combination of CP and KCS would, among other benefits, invigorate transportation competition, expand access to existing and growing markets, and provide new service offerings that would improve transit times and reliability.
 
Many of the supporters also requested the STB to review the transaction as efficiently as possible so the systems could be integrated, and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders.
 
The CP/KCS combination is expected to provide an enhanced competitive alternative to existing rail service providers, and is expected to result in improved service and efficiency to customers of all sizes.
 
When combined, the CP/KCS network would remain the smallest of six U.S. Class 1 railroads by revenue.
 
CP is seeking approval from the STB for the combination, which also remains subject to the approvals of CP and KCS shareholders, and other customary closing conditions.
 
The STB review is expected to be completed by the middle of 2022.
 
Author unknown.