M&As

Two rail shipper coalition groups and four Class I railroads want the Surface Transportation Board to review Canadian Pacific’s proposed acquisition of Kansas City Southern under “new” rules that gauge whether a merger would enhance market competition.

This transaction will benefit the automotive supply and distribution network throughout North America.

Canadian Pacific and Kansas City Southern executives outline the benefits and the rationale behind CP’s proposed acquisition of KCS.

Canadian railway Canadian Pacific plans to merge with Kansas City Southern in a deal worth $29 billion.

The acquisition would add Maine, New Hampshire and Vermont to CSX’s 23-state network.