Railroad megamerger could be boom for shippers

A composite image consisting of two photographs. On the left is a Kansas City Southern locomotive and on the right is a Canadian Pacific locomotive.

Canadian Pacific’s (NYSE: CP) proposed acquisition of Kansas City Southern (NYSE: KSU) will result in new service lanes across North America, the heads of both companies asserted in a Sunday afternoon call to investors explaining the proposed transaction.

Both companies announced Sunday morning that CP would seek to acquire KCS in a deal worth $29 billion, pending approval from the Surface Transportation Board. The U.S. agency could finish its review process in mid-2022.

The merger would connect...

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