Federal regulators approve 1st major railroad merger in decades
Regulators said the only major impact of the deal would be an increase in noise in places where train traffic is expected to increase significantly.
Stay updated with breaking news from Conrail. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Regulators said the only major impact of the deal would be an increase in noise in places where train traffic is expected to increase significantly.
Canadian Pacific Railway received a green light Wednesday to complete its roughly $31 billion acquisition of Kansas City Southern, creating the only rail operator linking the United States, Canada and Mexico.
The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, was approved by federal regulators Wednesday.
The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, was approved by federal regulators Wednesday. Canadian Pacific's $31 billion acquisition of Kansas City Southern will combine the two smallest of the nations seven major railroads after an arduous two-year review from the U.S. Surface Transportation Board. The bar for railroad mergers in the U.S. was raised substantially at the start of the century after a disastrous combination of Union Pacific and Southern Pacific in 1996 that snarled rail traffic for an extended period, f...
The way has been cleared for the first major railroad merger in more than two decades after federal regulators approved Canadian Pacific’s $31 billion...