CP Rail announced on September 20th it has reached a deal to acquire Kansas City Southern (KCS) for approximately US$31 billion including debt. The announcement came the same day Canadian National Railway Co. said it is dropping its rival takeover bid for KCS.
When completed, this transaction will create North America's first integrated rail network, operating nearly 33,000 kilometres of rail, employing nearly 20,000 people and generating about US$8.7 billion in annual revenues. Calgary – currently the headquarters of CP Rail – will be the global headquarters of CPKC, and Kansas City, Mo., will be the U.S. headquarters. The Mexican headquarters will remain in Mexico City and Monterrey. CP Rail’s U.S. headquarters in Minneapolis-St. Paul will also remain an important base of operations.
This CBHA/ACHA Talk will explore the CPKCS transaction in the context of the history of the rail industry in Canada and North America as well as provide a look into the future for the industry and companies.
Date: October 28th, 2021
Time: 2:00 pm EST
Attendees will need to register to attend. All registered participants will be given Zoom login information on October 27th. Please register below.
Howard Green: Moderator. Howard is a noted Canadian author and business broadcaster. His book RAILROADER: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison is a best-selling biography of a key player in the rail industry's past. Howard spent more than three decades as a host and business analyst on Business News Network.
Gordon Lovegrove: Associate Professor, School of Engineering Faculty of Applied Science, UBC. Of note is Dr Lovegrove’s research team efforts on Hydrail (Hydrogen fuel-cell / battery hybrid rail power), a gateway technology to convert all North American regional passenger and freight rail from diesel to zero-emission electric rail systems.
Tom Murray: Tom has worked in the rail industry since 1970 with the Boston & Maine, Soo Line, CSX, and Southern Pacific. He has also worked as a transportation consultant and is a regular contributor to Trains magazine. The author of five railroad books, he lives in Santa Maria, California.
Cameron Doerksen: Cameron is a Director Research Analyst - Transportation and Industrials at National Bank Financial - Wealth Management based in Montreal, Quebec.
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