$31-billion deal to take control of U.S. railroad Kansas City Southern, saying it would hurt competition, prompt job losses and disrupt service, a letter seen by Reuters showed.
The deal has since closed but Kansas City shares were transferred to a trust and the railroad must operate independently until the Surface Transportation Board, which oversees U.S. freight railroads, approves the transaction. The deal would combine the railroads into a single system known as Canadian Pacific Kansas City that has 20,350 miles of track extending from Canada to Mexico, including about 8,600 miles in the United States.
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