Canadian Pacific Kansas City has completed construction of the new international railway bridge, which spans the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas.
U.S. Transportation Secretary Pete Buttigieg and U.S. Department of Labor Acting Secretary Julie Su today sent letters to the CEOs of three Class I freight railroads – CPKC, CN, and CSX – calling on them to guarantee paid sick leave to all of their employees.
CN and Canadian Pacific Kansas City were to resume operations following the Canadian Minister of Labour’s announcement that he would exercise his authority under Section 107 of the Canada Labour Code.
The six Class I freight railroads participating in national bargaining have started taking steps to manage and secure hazardous and security-sensitive material shipments.
Under the deal, CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD $31 billion. The deal includes the assumption of $3.8 billion of outstanding KCS debt.