Federal regulators have given the green light to a railroad merger that could bring more freight trains through the Chicago area.has been fighting the proposed merger of the Canadian Pacific and Kansas City Southern railroads over safety concerns and other issues.
The decision was published in a nearly 200-page report which touts the economic benefits of the merger for the U.S. economy. It also promises seven years of continued oversight by the board monitoring issues, including preventing potential merger-caused delays and service disruptions of commuter service in the Chicago area.
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$31 Billion US Railroad Merger to Go Forward, Despite Opposition From Metra, Many Chicago SuburbsThe way has been cleared for the first major railroad merger in more than two decades after federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern. However, a number of suburbs across Chicago aren’t in favor of the merger, saying that it would significantly increase traffic and put communities along the line at risk. MaryAnnAhernNBC How about we start investing more in grade separation and new dedicated lines to route trains away from the city?
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Regulators approve first major US railroad merger in 2 decades, impacting ChicagoThe Transportation Board said that 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.'
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