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“It’s been a battle:” CP on track to create first North American railway network in hard-fought deal

(Source: Regina Leader-Post, September 16, 2021)

REGINA, Saskatchewan — Canadian Pacific Railway Ltd.’s chief executive Keith Creel is barreling ahead with his newly won bid for a U.S. railway, with his sights set on closing the deal by the end of next year — if the company can win over regulators. The Calgary-based railway operator is on track to create the first North American railway network after months of battling to snatch the deal back from Canadian National Railway Co. With its proposed voting trust — the critical component in the demise of its rival’s bid — already approved, the company is focused on convincing increasingly stringent regulators that the deal will not harm competition.

Full story: Regina Leader-Post

Friday, September 17, 2021

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