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Explainer: The Dakota Access Pipeline faces possible closure
wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.
Explainer: The Dakota Access Pipeline faces possible closure
wtaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtaq.com Daily Mail and Mail on Sunday newspapers.
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Canadian Pacific Objects to Potential Regulator Exemption for Rival Bid
Don Mackinnon/Bloomberg News
Canadian Pacific Railway Ltd. said Canadian National Railway Co.’s unsolicited offer for Kansas City Southern shouldn’t be exempt from tougher merger rules that the U.S. railroad regulator established two decades ago.
Canadian Pacific said May 1 that it had filed a formal objection to the rival bid with the Surface Transportation Board, which has the final say on rail acquisitions in the U.S.
The company said that a combined Canadian National and Kansas City Southern would “greatly expand the size of the fifth-largest U.S. Class I railroad, vastly increasing the gap between CN/KCS and the new smallest Class I, which would be CP.”