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Class I employment rose in February 2023

(Source: Progressive Railroading, March 22, 2023) Class Is operating in the United States employed 120,210 people in February, a 0.81% increase over January’s employment levels and a 5.19% increase year over year, according to Surface Transportation Board data....

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...