WASHINGTON — A panel on rail consolidation at the annual meeting of the Transportation Research Board here weighed in on the proposed merger between Canadian Pacific and Kansas City Southern, with one member suggesting the deal faces significant scrutiny despite success in the initial stages.
With the merger now awaiting federal approval, where the KCS-CP (NYSE: CP) combination fits on the spectrum of rail mergers was a key topic for the panel. Rail consolidation, it was pointed out, is a sector...
https://www.freightwaves.com/news/panelist-kcs-cp-merger-will-still-get-a-long-look-by-stb