A U.S. rail regulator on Wednesday signed off on Canadian Pacific Railway Ltd.'s $31 billion takeover of Kansas City Southern Railway Co., approving the first major railroad merger in two decades amid heightened Biden administration scrutiny of freight rail consolidation, supply chain and safety concerns.
CALGARY - The U.S. rail regulator is giving a green light to Canadian Pacific Railway Ltd. to take control of Kansas City Southern Railway Co. as early as April 14.