The chair of the House Transportation and Infrastructure Committee panned competing efforts by two Canadian railways to acquire Kansas City Southern (NYSE: KSU), saying the offers threaten to usher in a new round of consolidations in the rail sector.
In a Friday statement, Rep. Peter DeFazio, D-Oregon, said, “Multiple railroads are now seeking to acquire KCS, and that flurry should set off alarm bells about a potential new wave of railroad mergers that stifle competition and trigger...