Chair of the US Surface Transportation Board Discusses Merger of Kansas City Southern and Canadian Pacific

In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. Canadian Pacific is increasing its offer for Kansas City Southern to approximately $31 billion as it looks to best rival Canadian National for the railroad. Canadian Pacific said Tuesday, Aug. 10, 2021 that its cash-and-stock proposal includes 2.884 Canadian Pacific common shares and $90 in cash for each share of Kansas City Southern stock held.(Norman Ng/The Kansas City Star via AP)

(MISSOURINET) – The U-S Surface Transportation Board has approved the 31-billion-dollar merger of the Canadian Pacific and Kansas City Southern railroads, which will now be known as Canadian Pacific Kansas City. Board chair, Martin Oberman, talked about the decision in an online news conference:

Oberman says the roots of Canadian Pacific and Kansas City Southern don’t overlap – meaning, they don’t serve the same origins or destinations, so there’ll be no loss of a parallel competitive route. Opponents, including Massachusetts Senator Elizabeth Warren, argued the merger would reduce competition, raise shipping costs, and raise safety concerns.