2021-04-06 09:05

Canadian Pacific and Kansas City Southern Agree to Combine to Create the First U.S.-Mexico-Canada Rail Network



Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion1, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $275 per share, representing a 23% premium2, based on the CP and KCS closing prices on March 19, 2021 (and $270 per share, representing a 26% premium3, based on the respective CP and KCS 30-day volume weighted average prices (“VWAP”)).
 
Following the closing into a voting trust, common shareholders of KCS will receive 0.489 of a CP share and $90 in cash for each KCS common share held.
 
Following final approval from the Surface Transportation Board (“STB”), the transaction will combine the two railroads to create the first rail network connecting the U.S., Mexico, and Canada. 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.
 
The combined network’s new single-line offerings will deliver dramatically expanded market reach for customers served by CP and KCS, provide new competitive transportation service options, and support North American economic growth. The transaction is also expected to create jobs across the combined network. Additionally, efficiency and service improvements are expected to achieve meaningful environmental benefits.
 
While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company will be a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.
 
“This transaction will be transformative for North America, providing significant positive impacts for our respective employees, customers, communities, and shareholders,” said CP President and Chief Executive Officer Keith Creel. “This will create the first U.S.-Mexico-Canada railroad, bringing together two railroads that have been keenly focused on providing quality service to their customers to unlock the full potential of their networks. CP and KCS have been the two best performing Class 1 railroads for the past three years on a revenue growth basis.”  

< Korea Shipping Gazette >

로그인 후 작성 가능합니다.

0/250

확인
맨위로
맨위로

선박운항스케줄

인기 스케줄

  • BUSAN TOKYO

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Bal Star 04/19 04/22 CK Line
    Dongjin Continental 04/20 04/23 Dong Young
    Dongjin Continental 04/20 04/23 Dongjin
  • BUSAN SHANGHAI

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Kmtc Seoul 04/19 04/21 Sinokor
    Msc Ingy 04/19 04/23 MAERSK LINE
    Skagen Maersk 04/19 04/24 MAERSK LINE
  • BUSAN NHAVA SHEVA

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Cosco Nagoya 04/19 05/10 Heung-A
    Hyundai Jakarta 04/21 05/11 T.S. Line Ltd
    Yangming Upward 04/22 05/11 ONE KOREA
  • BUSAN DANANG

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Integra 04/21 05/03 SITC
    Wan Hai 271 04/22 04/28 Wan hai
    Wan Hai 271 04/23 04/29 Interasia Lines Korea
  • BUSAN NAGOYA

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Bal Star 04/19 04/23 CK Line
    Sunny Dahlia 04/20 04/23 Pan Con
    Sunny Dahlia 04/20 04/23 Taiyoung
출발항
도착항
광고 문의
뉴스제보
포워딩 콘솔서비스(포워딩 전문업체를 알려드립니다.)
자유게시판
추천사이트
인터넷신문

BUSAN OSAKA

선박명 항차번호 출항일 도착항 도착일 Line Agent
x

스케줄 검색은 유료서비스입니다.
유료서비스를 이용하시면 더 많은 스케줄과
다양한 정보를 보실 수 있습니다.

로그인