The most recent development in the competition between Class I railroads Canadian National (CN) and Canadian Pacific (CP) over acquiring Kansas City Southern (KCS) came in the form of a decision made by the Surface Transportation Board (STB) on Monday, May 17, which dealt CN a setback in its pursuit of KCS. In its decision, the STB said that application of the waiver provision to the potential transaction between CN and KCS is not warranted.
Source: logistics Mgmt
STB issues decision regarding waiver provision related to CN’s move to acquire KCS
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