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CP: Springfield Line will be part of CPKC's growth

Rail News Home Canadian Pacific 1/14/2022 Rail News: Canadian Pacific
image CN's proposal regarding Kansas City Southern’s Springfield Line is built on a "series of factual errors or misstatements," Canadian Pacific officials said yesterday. CN announced earlier this week that it would ask the Surface Transportation Board (STB) to condition approval of a CP-KCS merger on the divestiture of the Springfield Line — KCS’ lines from Kansas City, Missouri, to Springfield and East St. Louis, Illinois — to CN. But in a prepared statement, CP officials said the Springfield Line is not “parallel” to CP’s line between Kansas City and Chicago. "KCS’s line is line is not part of a through route to Chicago in conjunction with CN. In fact, there is no direct connection between KCS and CN today at Springfield, and historic interchange volumes reflect the absence of any actual service here," CP officials stated. As part of the CP-KCS merger, the lines will grow along with the new company, they said. "The route from Kansas City to St. Louis and the other assets CN wants the STB to force CP to divest are important parts of the combined CPKC growth story providing new, competitive single-line routes connecting CP's network with customers and port facilities in St. Louis, and connections to eastern carriers. CP anticipates an increase of traffic on this corridor of 30%," they added.

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CP, Canadian Tire ink contract extension

Rail News Home Canadian Pacific 12/28/2021 Rail News: Canadian Pacific
image The agreement builds on the more than 90 years of shared success the companies have had servicing Canadian Tire’s dealer and corporate stores. Photo – cpr.ca

Canadian Pacific and Canadian Tire Corp. today announced a multiyear agreement to continue moving the retailer's goods in Canada.

To support the efficient movement of Canadian Tire's goods and reduce carbon emissions, CP will begin directly serving Ashcroft Terminal in Ashcroft, British Columbia, reducing the need to shift volumes to truck, officials at both companies said in a joint press release.

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CP seals new long-term pact with major potash exporter

Rail News Home Canadian Pacific 12/23/2021 Rail News: Canadian Pacific
image Canadian Pacific today announced it executed a new long-term agreement with potash exporting and marketing firm Canpotex Ltd. The parties’ new seven-year contract — which runs through 2028 — succeeds the current 10-year pact that expires in 2022. CP is Canpotex’s primary rail service provider for transporting Canadian potash to overseas export markets. "Canpotex and CP are like-minded organizations, focused on asset utilization and efficiency. This long-standing relationship makes sense for us both,” said CP President and CEO Keith Creel in a press release. CP enables the potash exporter’s supply chain to be optimized more efficiently and safely from mine to port terminals by leveraging the railroad’s service options and network capacity, Canpotex officials said. "This new agreement … will provide the safe and efficient rail service we depend on to reliably reach our customers in overseas markets," said Canpotex President and CEO Gord McKenzie.

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CP announces millions in funding raised for pediatric hospitals

Rail News Home Canadian Pacific 12/22/2021 Rail News: Canadian Pacific
image Canadian Pacific this week announced that the CP Women's Open golf tournament has helped raise more than CA$2.8 million over the past two years for the British Columbia Children’s Hospital Foundation. The money will go toward the hospital's purchase of cardiac ultrasound machines and other equipment, as well as research that supports the catheterization program, CP officials said in a press release. An additional CA$557,000 will go to Kamloops Royal Inland Hospital for renovations and equipment for a new cardiac wing. The CP Women’s Open tournament has not been held since before the pandemic, but has continued to raise money in the meantime. Fundraising efforts since CP assumed title sponsorship have totaled more than CA$16.85 million. "We are grateful for the community's ongoing participation and support, and look forward to bringing the CPWO back once it is safe to do so," said CP President and CEO Keith Creel.

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Canadian Pacific shareholders vote for KCS merger plan

Rail News Home Canadian Pacific 12/9/2021 Rail News: Canadian Pacific
image "The overwhelming support our shareholders have given to the transaction is critical to making this combination a reality," said CP President and CEO Keith Creel. Photo –

Canadian Pacific shareholders yesterday voted overwhelmingly in favor of the issuance of CP common shares to Kansas City Southern common stockholders in connection with the proposed CP-KCS combination.

The CP shareholders voted on two items during yesterday's special meeting. The first vote was to approve the issuance of up to 277,960,197 CP common shares as the share consideration under the terms of the merger agreement. The second vote was to approve the Class I’s name change to Canadian Pacific Kansas City Ltd. The name change depends on the proposed merger’s approval by the U.S. Surface Transportation Board (STB).

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