Officials with the United States Surface Transportation Board approved the merger of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major rail companies in two decades.
The new entity, which will be called Canadian Pacific Kansas City, will be the first railroad spanning Canada, the United States, and Mexico. Canadian Pacific and Kansas City Southern are the smallest Class I railroads in North America; the new firm will retain the distinction.
“The transaction will reduce travel time for traffic moving over the single-line service; it should result in increased incentives for investment; and it will eliminate the need for the two now-separate CP and KCS systems to interchange traffic moving from one system to the other,” the Surface
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