Transport Topics (March 16, 2023)
By a 4-1 vote, the U.S. Surface Transportation Board on March 15 approved the more than $31 billion merger of Canadian Pacific Railway and the smaller but strategically significant Kansas City Southern Railroad. The deal is the nation’s first major rail merger in 25 years. The 212-page decision paves the way to creating the first single-line railroad linking Canada, the United States and Mexico.