Amtrak Gets CP Rail Support For Service Expansion in U.S.
January 06 2022 - 1:05PM
Dow Jones News
By Adriano Marchese
The National Railroad Passenger Corporation, which operates as
Amtrak, said Thursday that Canadian Pacific Railway Ltd. will
continue to act as a host railroad and cooperate with the company
to implement its strategic goals to expand intercity passenger rail
service in North America.
The passenger railroad service, which provides inter-city rail
service in Canada and the U.S., said that CP will support Amtrak to
increase the frequency of some of its services as well as establish
new lines across North America.
The agreement solidifies Amtrak's support for the proposed
combination between CP Rail and KCS railways, which was completed
in mid-December for an enterprise value of US$31 billion.
Amtrak said that, together with CP, they will file their
agreement as part of the docket in the Canadian Pacific-Kansas City
Southern proceeding at the U.S. Surface Transportation Board.
"We welcome CP's commitment to our efforts with states and
others to expand Amtrak service and are pleased to have reached an
agreement formalizing CP's support of Amtrak expansion in the
Midwest and the South," Amtrak President Stephen Gardner said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 06, 2022 13:50 ET (18:50 GMT)
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