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Scotiabank upgrades Canadian Pacific to sector outperform after merger with Kansas City Southern won approval from Surface Transportation Board; CP now able to forge network reaching Gulf of Mexico and Pacific Ocean via North American industrial heartland


Canadian Pacific announces April 14 as date to combine with Kansas City Southern to create only single-line railway connecting US, Mexico and Canada, Canadian Pacific Kansas City; railway also announces executive leadership team to lead CPKC

US Surface Transportation Board approves merger between Canadian Pacific, Kansas City Southern; decision authorizes CP to exercise control of KCS as early as April 14, meanwhile CP is reviewing 212-page decision in detail to announce plans in coming days

​Canadian Pacific ratifies collective agreement with BLET union in US Midwest, which will take effect upon combination with Kansas City Southern; company says deal provides higher pay, scheduled time off compared to other Class 1 railways

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