Canadian Pacific Kansas City, CPKC, is the name of the first railway company which since April 14, on a single line, unites all of North America.
April 21, 2023
The company is the result of the union between Canadian Pacific (CP) and Kansas City Southern (KCS) and the various approvals of the Land Transportation Board (STB) of the United States.
“This union comes at a time when the supply chain needs it more than ever,” mentioned Keith Creel, CEO of CPKC. “The network will give our customers new options and greater reach in more markets as they use reliable rail service. The public, environmental, competitive and safety benefits of this historic combination are extraordinary for our communities, our rail customers and for the North American economy. »he added.
CP completed the acquisition of KCS for US$31 billion on December 14, 2021. In Mexico, the local unit will be known as CPKC de México. With global headquarters in Calgary, Alberta, Canada, CPKC is the only railroad connecting North America, with unparalleled port access to continental shores, from Vancouver to Atlantic Canada to the Gulf of Mexico and Lazarus. .
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The CPKC will introduce a new safety standard to the North American railroad landscape. CP has been the safest railroad in North America for 17 consecutive years, according to the Railroad Accident Frequency Rate published by the Federal Railroad Administration. In 2022, CP had an all-time best frequency of 0.93, a rate nearly half of what the company produced a decade ago and 69% below the Class 1 average.
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