STB receives mixed comments on proposed CP/KCS merger
(Source: DTN The Progressive Farmer, April 12, 2021)
BURNSVILLE, Minn. — On March 23, 2021, the Surface Transportation Board (STB/Board) said in a press release that they received a "notice of intent" on March 22 regarding a proposed transaction that would place Canadian Pacific Railway Company (CP/CPR) and the Kansas City Southern Railway Company (KCS/KCSR), both of which are Class I railroads, under common control. "Under the Board's statutes and regulations, this proposed transaction would be classified as "major" and would be the first major transaction to seek Board approval in more than two decades," said STB Chairman Martin J. Oberman in the statement.
Full story: DTN The Progressive Farmer
Tuesday, April 13, 2021
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