pacific
CP Rail, Kansas City Southern merger clears path for more cargo, but hitches remain
Continent’s 1st major railway merger in over 2 decades Under the banner of Canadian Pacific Kansas City, the merger of North America’s two smallest Class 1 railways became official Friday morning as CEO Keith Creel drove home a platinum spike at a ceremony in Kansas City, Mo. Combining Canadian Pacific Railway Ltd. with Kansas City Southern Railway Co., the fusion creates the only railway stretching from Canada through to the U.S. and Mexico and marks the continent’s first major rail merger in more than two decades after a U.S. regulatorRead more
Britain set to join trans-Pacific trade pact
Canada already part of Comprehensive and Progressive Agreement for Trans-Pacific Partnership Britain is set to join a massive trade bloc that will likely speed up negotiations on a bilateral deal between Ottawa and London. The countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have given the U.K. a green light to become the 12th country in the trading bloc, and the only one outside the Pacific Rim. “It’s a good day,” International Trade Minister Mary Ng said in an interview. “We have always been supportive of theRead more