North America - The first direct rail link between Canada, the Pacific, Mexico, United States, and Canada will operate in North
America.
After months of fluctuations and negotiations, the connection between Canadian Pacific and Kansas City Southern $31 billion transaction is a
fact.
Named CPKC, the new company will have more than 32,000 kilometres of railways aimed at serving important industries for the region such as
automotive, energy, and agricultural grains.
Thus, ports at both ends of Canada, Vancouver and St. John's, will be connected to the U.S. Midwest, which in turn will lead to other stops in
southern Texas and New Orleans, and feed across the Laredo and Brownsville border.
Mexico is the key element of the connection.
"We are very successful in creating an incredible cross-border right between the United States Mexico", Patrick Ottensmeyer, Kansas City
South President and CEO, says in an interview, "We're involved in development and trade between the two countries. Our cross-border business has
been at the top of our portfolio for many years."
In this sense, Keith Kreil, the leader of Canadian Pacific promised that this would be a historic day for both companies as it becomes the backbone
of connecting its customers with new markets.
"This will increase competition in the U.S. rail network and provide significant environmental benefits while at the same time boosting
economic growth in North America. We are pleased to reach this milestone on the path to building this truly North American railroad," he
said.
Wilfrid Hewitt.
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provisions in Section 29 of the Canadian
Copyright Modernization Act.