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As widely expected, the Surface Transportation Board has approved, with certain conditions, Canadian Pacific’s acquisition of Kansas City Southern to form Canadian Pacific Kansas City, North America’s first transnational railroad.
The decision comes as freight rail industry is under a microscope for its safety practices, following the Feb. 3 derailment of a Norfolk Southern freight train in East Palestine, Ohio.
The United States STB has approved CP's acquisition of KCS to form Canadian Pacific Kansas City (CPKC), North America’s first transnational railroad.
The federal Surface Transportation Board has approved the $31 billion merger between Canadian Pacific and Kansas City Southern railroads.
The Surface Transportation Board has approved a merger between two railroad companies, which is expected to bring much more train traffic to the Iowa Quad-Cities riverfront.