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A $29billion purchase of Kansas City Southern, KCS, by Canadian Pacific Railway Ltd., CP, will create a new entity called Canadian Pacific Kansas City and the first rail network connecting the three countries from Vancouver to Veracruz.
“Joining seamlessly in Kansas City, Mo., in America’s heartland, CP and KCS together will connect customers via single-network transportation offerings between points on CP’s system throughout Canada, the U.S. Midwest, and the U.S. Northeast and points on KCS’ system throughout Mexico and the South Central U.S.,” said CP and KCS in a joint statement announcing the acquisition.
By Milan Sime Martinic