First major US railroad merger in 2 decades will go forward

  • 📰 AP
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The 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.

Canadian Pacific trains sit at the main CP Rail train yard in Toronto, March 21, 2022. The first major railroad merger since the 1990s could be approved Wednesday, March 15, 2023, when federal regulators announce their decision on Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad.

Canadian Pacific trains sit at the main CP Rail train yard in Toronto, March 21, 2022. The first major railroad merger since the 1990s could be approved Wednesday, March 15, 2023, when federal regulators announce their decision on Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

a Canadian company bought a US company, for once

These Canadian companies want those RR companies to ship more oil&toxic material through the US to ship 2markets&toxic dump sites. Better oversight of these RR companies needed in US both domestic&foreign companies.

The opposite of what needs to be happening

I hope they don't merge together like those trains in Greece did.

Nationalize the rail

They need a third company for this merger so it can be announced by Gordon Lightfoot.

Timing is… interesting?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal regulators approve merger expected to bring more freight trains to Chicago areaFederal regulators have approved a major rail merger expected to bring more freight trains through parts of the Chicago area, despite concerns raised by Metra, suburban towns and Illinois members of Congress.
Source: chicagotribune - 🏆 8. / 91 Read more »

Canadian industry singing praises of Inflation Reduction Act as federal budget nearsCALGARY — Canadian oil and gas companies are singing from the same songbook in the lead\u002Dup to the 2023 federal budget, and its title is the Inflation Reduction…
Source: TheStarPhoenix - 🏆 253. / 63 Read more »