The promise of a "robust rail network" led to federal approval of a train merger that is expected to deliver considerably more train traffic to several cities in Eastern Iowa.
As widely expected, the Surface Transportation Board has approved, with certain conditions, Canadian Pacific’s acquisition of Kansas City Southern to form Canadian Pacific Kansas City, North America’s first transnational railroad.
The decision comes as freight rail industry is under a microscope for its safety practices, following the Feb. 3 derailment of a Norfolk Southern freight train in East Palestine, Ohio.
CPKC Merger Approved - Railway Age railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.