17.03.2023
Artikel Nummer: 44349
Single-line railway to link USA, Mexico, Canada
The US Surface Transportation Board (STB) has approved, under certain conditions, the merger of Canadian Pacific (CP) and Kansas City Southern (KCS) to Canadian Pacific Kansas City (CPKC).
CPKC will be the first single-line railway connecting the USA, Mexico and Canada. The board expects CPKC to foster the growth of rail traffic, shifting 64,000 truckloads annually from North America’s roads to rail, and will support investment in infrastructure, service quality and safety.
This latest decision authorises CP to exercise control of KCS and to create CPKC as early as 14 April. CP completed its USD 31 billion acquisition of KCS on 14 December 2021. (ben)