Calgary Alberta - Canadian Pacific Kansas City (CPKC), the first railroad to link Canada, the U.S., and Mexico, made its debut today and unveiled its new logo and WEBSITE.
Officials from Canadian Pacific and Kansas City Southern will celebrate the historic merger at a final spike ceremony
scheduled for 10:00 today at Knoche Yard in Kansas City, Missouri, USA, the only location where the two railways'
networks touch.
"Today, we celebrate this historic combination creating a truly unique single-line rail network that begins a new
chapter of railroad history in North America. As we mark this once-in-a-lifetime occasion by driving the Final Spike in
Kansas City, Missouri, where CP and KCS come together, we stand ready to bring new competition into the North American
rail industry at a time when our supply chains have never needed it more," CPKC CEO Keith Creel said in a
statement.
CPKC will also break ground today on a new yard office, the future location of its state-of-the-art U.S. operations
center.
"We stand ready to move the commerce of today and ready to compete hard to grow tomorrow. With the most relevant
railroad network on the continent, we'll create value for all stakeholders, bringing new jobs, economic growth, and
environmental benefits to workers, customers, and communities," Creel added.
The CPKC logo is a modification of the logo CP introduced in 2017, an updated version of the railway's heritage shield,
beaver, and maple leaf.
The CPKC logo replaces the words Canadian Pacific in the golden circle with the initials of the three railways that
make up CPKC, KCS, CP, and KCSM.
Bold red CPKC initials replace 1881, CP's founding date, in the gold ribbon at the bottom of the logo.
And the 1881 now sits atop the maple leaf, the symbol of Canada.
As of early this morning, there is no word yet on a new locomotive livery.
While the separate railway websites, cpr.ca and kcsouthern.com, are still up, they prominently point viewers to the
new cpkcr.com website.
The CPKC site includes a combined timeline outlining the history of both railways.
With its global headquarters in Calgary, Alberta, Canada, CPKC is the only railway connecting North America and boasts
port access on coasts around the continent, from Vancouver to Atlantic Canada, to the Gulf of Mexico, to Lazaro
Cardenas on Mexico's Pacific coast.
While remaining the smallest of six U.S. Class I railroads by revenue, CPKC has a much larger and more competitive
network, operating approximately 20,000 miles of rail, and employing close to 20,000 people.
Full integration of CP and KCS is expected to take place over the next three years.
CPKC filed articles of amendment changing the company's name to "Canadian Pacific Kansas City Limited," which
became effective today.
CPKC's common shares will remain listed on the Toronto Stock Exchange and New York Stock Exchange under the ticker
symbol "CP" and are expected to begin trading under the new name on 18 Apr 2023.
CPKC also announced today the appointment of four new directors to the board of Canadian Pacific Railway Company, a
wholly-owned subsidiary of CPKC, effective immediately.
"The addition of these members brings to the board a wide range of professional experience in transportation and
logistics across the United States and Mexico. We are delighted to welcome these new board members, and we look forward
to their contributions and learning from their previous experience at Kansas City Southern," said Isabelle
Courville, chair of the board of directors of CPKC.
Under the terms of the merger agreement, four Kansas City Southern directors join the board of the combined
company.
The four appointees are:
David Garza-Santos, a KCS director since 2016, is a business and community leader in Monterrey, N.L. Mexico,
providing insight and leadership on the business and political environment across Mexico. He has been chairman and CEO
of Maquinaria Diesel SA de CV (MADISA) since 1994.
Ambassador Antonio Garza (Ret.), a KCS director since 2010, is currently counsel to the law firm of White &
Case in Mexico City. He brings strong diplomatic, legal, and international business skills to the board developed
through his experience as an attorney, and as U.S. ambassador to Mexico from 2002-2009.
Henry Maier, a KCS director since 2017, has spent his entire career working in various segments of the
transportation industry. He served as president and CEO of FedEx Ground, a subsidiary of FedEx Corp., until his
retirement in 2021.
Janet Kennedy, first appointed a KCS director in 2017, brings extensive executive leadership experience in
business development, strategy, emerging technologies, and technological transformation. She served as vice president,
North America Regions, Google Cloud at Google, and previously held senior leadership positions at Ernst & Young and
Microsoft Corp., including as president of Microsoft Canada.
These four directors will also be nominated for election to the board of CPKC at its Annual General Meeting scheduled
for 15 Jun 2023.
Bill Stephens.
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