Rail News Home Canadian National Railway - CN 8/17/2022 Rail News: Canadian National Railway - CN
CN and Keyera Corp. have signed a memorandum of understanding (MOU) to evaluate the creation of a clean energy terminal in Alberta's industrial heartland in Canada.The new infrastructure would aggregate conventional and clean energy from multiple sources to support the transportation of Alberta’s energy products and contribute to Canada's green-energy future, the two companies said today in a joint press release.Located northeast of Edmonton, the industrial heartland was the first designated industrial zone in Alberta.The high-throughput, state-of-the-art facility would be built on adjoining lands owned by Keyera and CN. The location's benefits include opportunities for product aggregation through close proximity to large industrial operators, existing infrastructure to support the terminal and its customers and direct access to CN's network, the companies said.When completed, the facility would be capable of handling six inbound and outbound high-capacity trains daily, they added."The project will offer a unique opportunity to aggregate products from multiple producers and will provide an efficient mechanism to not only support Canadian industry, but also further global energy transition," said CN President and CEO Tracy Robinson.
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Rail News Home Canadian Pacific 8/16/2022 Rail News: Canadian Pacific
Canadian Pacific today announced it has received the required regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) for the proposed combination of CP and Kansas City Southern.CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons in order to determine the impact such transactions may have on U.S. national security.CP completed its acquisition of KCS on Dec. 14, 2021. Upon the acquisition's closing, KCS shares were placed into a voting trust to ensure KCS operates independently of CP while the Surface Transportation Board completes its regulatory review of the companies' joint railroad control application to create Canadian Pacific Kansas City (CPKC).If the STB approves the merger, CPKC will become the only single-line railroad linking the United States, Mexico and Canada.The STB's review of CP's proposed control of KCS is expected to be completed in early 2023, CP officials said in a press release.
Canadian Pacific today announced it has received the required regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) for the proposed combination of CP and Kansas City Southern.CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons in order to determine the impact such transactions may have on U.S. national security.CP completed its acquisition of KCS on Dec. 14, 2021. Upon the acquisition's closing, KCS shares were placed into a voting trust to ensure KCS operates independently of CP while the Surface Transportation Board completes its regulatory review of the companies' joint railroad control application to create Canadian Pacific Kansas City (CPKC).If the STB approves the merger, CPKC will become the only single-line railroad linking the United States, Mexico and Canada.The STB's review of CP's proposed control of KCS is expected to be completed in early 2023, CP officials said in a press release.