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STB approves CP purchase of KCS, with conditions

(Source: CNBC, March 15, 2023) The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific’s $31 billion acquisition of railroad company Kansas City Southern with a series of environmental and competition conditions. The...

STB approves CP-KCS merger

(Source: Railfan & Railroad Magazine, March 15, 2023) STB establishes an “unprecedented” seven-year oversight period over CPKC, requiring regular updates to the board on operations, traffic and other key metrics. Full story: Railfan & Railroad...

Waiting game: CP-KCS merger decision nears

(Source: Railfan & Railroad Magazine, March 1, 2023) The U.S. Surface Transportation Board is expected to rule on the largest railroad merger in a generation in the coming days and weeks. Exactly when, though, is unknown. Full story: Railfan & Railroad...