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.
Norfolk Southern Corp. is facing heightened regulatory scrutiny as it pledged Wednesday to shore up safety programs following the fiery derailment of a hazardous materials-carrying train in East Palestine, Ohio, and other recent accidents, including one that left a train conductor dead.
The aggressiveness of the Biden administration's two-pronged assault against JetBlue's proposed merger with Spirit Airlines may threaten the viability of future airline acquisitions, as well as joint ventures and code-share agreements for marketing the same flights under different airline banners, by adding new regulatory burdens on would-be suitors and targets.
The aggressiveness of the Biden administration's two-pronged assault against JetBlue's proposed merger with Spirit Airlines may threaten the viability of future airline acquisitions, as well as joint ventures and code-share agreements for marketing the same flights under different airline banners, by adding new regulatory burdens on would-be suitors and targets.
The Biden administration and lawmakers have proposed new mandates for trains carrying hazardous materials after a Norfolk Southern train derailed in rural Ohio last month, but some experts are skeptical that knee-jerk regulations could prevent such disasters.