Canadian Pacific Railway wins U.S. regulatory approval to buy Kansas City Southern

Canada’s second-biggest rail shipper gets green light to forge a network that reaches the Gulf of Mexico and Pacific Ocean via the North American industrial heartland

US$27-billion takeover of Kansas City Southern on Wednesday, allowing Canada’s second-biggest rail shipper to forge a network that reaches the Gulf of Mexico and Pacific Ocean via the North American industrial heartland.

The takeover is expected to create jobs, remove 64,000 trucks from North American roads, and support investment in infrastructure, the STB said.

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