This is not an issue at all.
You say you are using the Channel Settings processing, but the Sends are not applied with that one. You need to choose Complete Signal Path.
A quick description of the different processing will help you :
Dry = The same as duplicating the track. Audio is untouched and the new track has the same parameters (including Inserts, Sends, etc), that means, the Sends still point to the original FX Tracks and Group Tracks, and their automation is read in real-time.
Channel Settings = Applies all the Insert effects and the Channel EQ/Strip to the track. The Sends are not applied, and the rendered track will still point to the corresponding FX/Group Tracks, and like the Dry setting, will be played in real-time.
Complete Signal Path = Applies all the Inserts, Channel EQ/Strip, and Sends (FX/Group Tracks). The FX and Group Tracks obviously should NOT be muted, otherwise they won’t be applied. The same goes for the Automation, it needs to be on Read mode if you want it to be applied.
Complete Signal Path + Master FX = Everything above + Track Panners + Ouput Track complete signal path.
Back in January 2020, I agree that there probably was an issue with the Channel Settings processing, where it would not properly copy the Send parameters to the new track (the track was created without the Sends, at least that’s what I guess by reading the first post).
The original poster was wrong when saying that “the new track should have all my automation on the sends transferred”, because Send automation never gets transferred anywhere, it stays on the same FX Track that the Send points to.
I just tested everything and it now works as it should, so if anyone is still experiencing an “issue” then it’s probably because you’re not doing it right.