Canadian Pacific Kansas City

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The Canadian Pacific Kansas City company is a joint venture between Canadian Pacific (CP) and Kansas City Southern (KCS) railways. The two companies announced the formation of this new entity on March 21, 2020, after months of discussions and negotiations.
The purpose of the joint venture is to create the first rail network connecting Canada, the United States, and Mexico, which will be known as the Canadian Pacific Kansas City (CPKC) railway. This new railway will span over 20,000 miles and will serve major cities such as Toronto, Montreal, Detroit, Chicago, St. Louis, and Mexico City.
The CPKC will not only provide improved connectivity and efficiency for the freight industry, but it will also support economic growth and trade between the three countries. The new partnership is expected to generate substantial cost savings and a stronger North American rail network, benefiting customers and shareholders of both companies.
Under the terms of the joint venture agreement, CP will acquire KCS for $275 per share, which amounts to an approximate value of $29 billion. The acquisition is subject to approval by the U.S. Surface Transportation Board (STB), which regulates railway mergers.
Both CP and KCS bring unique strengths and assets to the partnership. CP has a strong presence in the eastern and western regions of Canada and the United States, while KCS has a strategic network that runs through the central region of the U.S. and into Mexico.
The Canadian Pacific Kansas City company will be headquartered in Kansas City, Missouri, and will be led by a new and independent board of directors. The CPKC will also have significant opportunities for growth and expansion, including from the development of new markets.
In addition to the new partnership, CP also announced its intention to sell its current U.S. line that runs through the Midwest and Gulf Coast regions. The proceeds from this sale will help fund the acquisition of KCS and further investment in the CPKC network.
Overall, the formation of the Canadian Pacific Kansas City company is a significant development in the North American railway industry that will bring new opportunities for growth and efficiency.

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