A Canadian Pacific railway locomotive and cars seen near Lake Louise in Banff National Park, Alberta, Canada on November 26, 2021.U.S. federal regulators on Wednesday approved the first major railroad merger in more than two decades, a move that follows the East Palestine rail disaster and that critics warned would reduce competition, raise prices, cost jobs, and threaten safety.
“The decision includes an unprecedented seven-year oversight period and contains many conditions designed to mitigate environmental impacts, preserve competition, protect railroad workers, and promote efficient passenger rail,” STB said, adding that it “also anticipates the merger will result in improvements in safety and the reduction of carbon emissions.”
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