Canadian Pacific/Kansas City Southern Merger, With Keith Creel And Pat Ottensmeyer

Early on March 21, the big announcement came: Canadian Pacific
Railway will acquire Kansas City Southern in a cash and stock
transaction worth $29 billion in U.S. dollars. The combined Class I
will be named Canadian Pacific Kansas City, CPKC. If approved by
the United States Surface Transportation Board, the merger will be
the first Class I transaction of its type since the late 1990s. The
result will be a single, integrated rail system connecting ports on
the U.S. Gulf, Atlantic and Pacific coasts with key overseas
markets, with reach via new single-line hauls across the combined
company’s continent-wide network. Importantly, CP and KCS say, “no
customer will experience a reduction in independent railroad
choices as a result of the transaction, and customers will benefit
from a seamless integration of the two systems without service
disruption.” Railway Age Editor-in-Chief William C. Vantuono speaks
with Canadian Pacific President and CEO Keith Creel, 2021
Railroader of the Year, and Kansas City Southern President and CEO
Pat Ottensmeyer, 2020 Railroader of the Year. Podcast sponsored by
The Greenbrier Companies, Virtual Sample Railcar.