August 15, 2022

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The construction of the road connecting Mexico, USA and Canada will be in the hands of this company

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READ  The first direct rail link between Canada, the Pacific, Mexico, the United States and Canada will operate in North America.

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United States, Canada, Rail, Railroad, 🏛️ Companies, Mexico

The Kansas City South (KCS) Railway Company, which has been in operation since 1887 and completed its cross-border voyage between Mexico and the United States, concluded its sale on December 14 to the Canadian Pacific Railway Limited, paving the way for rail connectivity. Both countries with Canada.

“The approval of the Surface Transport Board (Government Agency, STP) for the control of the CB over KCS will be generated. Canadian Pacific Kansas City Limited (CPKC), the only rail link between the United States, Mexico and Canada, “KCS said in a statement.

US company announces completion of sale and purchase transaction with Canadian company on Tuesday, December 14th $ 31 billionIn addition, his shares were placed in a trust with former KCS chairman Dave Starling.

Government approval for the new operations of the merged company is expected by the end of 2022, KCS added in a statement.

“CPKC will become the backbone to connect our customers to new markets, create competition in the U.S. rail network and drive economic growth across North America,” said Keith, Kansas City South Office Manager. Greel estimated.

“We are pleased to be taking this step towards building this unique and reliable North American railroad,” the executive added.

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Once the merger of the rail companies is approved by the US government, it is expected to operate in a fully integrated manner for two to three years, KCS added.

Mexico and Canada are preparing a lawsuit at the D-MEC on the origins of the automotive industry