North America (Change)

Big news in the North American rail freight industry today as Canadian Pacific (CP) announces acquisition of Kansas City Southern (KCS). This US$29Bn merger of two of the continent’s seven Class 1 railroads remains subject to regulatory approval and time will show if it can fair better than previous Class 1 tie-ups proposed but never realized over the past few years.

https://www.railwayage.com/freight/class-i/canadian-pacific-kansas-city-southern-will-merge-into-the-first-usmca-railroad-cpkc/

https://www.reuters.com/article/us-kansas-city-southern-m-a-canadian-pac-idUSKBN2BD02B

#railindustry #railfreight #transportation