March 15, 2023 - ProgressiveRailroading.com -
The Surface Transportation Board today announced it has approved the merger of Canadian Pacific and Kansas City Southern with several conditions.
The combined entity of the two smallest Class Is will be known as Canadian Pacific Kansas City (CPKC) and will be the smallest of the Class Is. The merger creates the first railroad providing single-line service spanning Canada, the United States and Mexico.
"Among many other single-line options, the new direct service will facilitate the flow of grain from the Midwest to the Gulf Coast and Mexico, the movement of intermodal goods between Dallas and Chicago, and the trade in automotive parts, finished vehicles and other containerized mixed goods between the United States and Mexico," the board noted in its decision.
Read more: https://www.progressiverailroading.com/federal_legislation_regulation/news/BREAKING-NEWS-STB-approves-Canadian-Pacific-Kansas-City-Southern-merger--68801?
Editor's Note: Surface Transportation Board Vice-Chair Karen Hedlund may have more to say on the merger and other topics when she speaks at the Southwestern Rail Conference April 3-4 in Dallas.