Rivals Canadian Pacific and CN are still at work seeking to convince the Surface Transportation Board (STB), industry stakeholders and Kansas City Southern (KCS) shareholders which Canadian railway is the best company suited to merge with KCS, reports FreightWaves.
CP and KCS had announced plans to merge in March, while CN said in April that it is also interested in acquiring KCS.
Both CP and CN are Canadian railways, and they propose that a merger with KCS would create a railroad that has operations across Canada, the U.S. Midwest and into Mexico.
CP said Monday that another 131 stakeholders have filed statements before STB supporting the merger between CP and KCS, bringing the total to close to 550 supporters.
CP categorizes the statements as those who support a CP-KCS transaction and those opposing CN’s counterbid for KCS. The railroad is still anticipating STB, which must approve any major railroad merger, to complete its review by mid-2022.
