The Surface Transportation Board has accepted the joint Canadian Pacific Railway and Kansas City Southern merger application as complete.
“We look forward to moving forward with a robust regulatory review of this historic combination that will add capacity to the U.S. rail network, create new competitive transportation options, support North American economic growth, and deliver other important benefits to customers, employees, and the environment,” CP President and CEO Keith Creel said in a news release.
The Board also set a procedural schedule for the regulatory review that calls for final briefs on July 1, 2022. CP and KCS anticipate that the STB review of CP’s proposed control of KCS will be completed in the fourth quarter of 2022.
“We have reached another important milestone and look forward to playing our part as the STB begins its formal review of the joint application for our historic combination with CP,” KCS President and CEO Patrick J. Ottensmeyer said in a news release.
