Introduction It is full steam ahead with likely no further detours for Canadian Pacific Railway Ltd. (‘CP’) and Kansas City Southern Railway Co. (‘KCS’). The US Surface Transportation Board (‘STB’ or ‘the Board’) confirmed on 30 September 2021 [1] that its prior approval of a voting trust as a first step in a proposed merger [2] of the two railroads (the ‘Applicants’) would also apply to their revised merger application [3]. The STB is the independent federal agency responsible for the economic regulation of various modes of surface transportation in the US, primarily freight rail. It has jurisdiction over a range of railway matters, including restructuring transactions such as mergers, line sales, line construction and line abandonments. It was created in 1996 and is the successor to the
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The US Surface Transportation Board confirms its earlier approval of a voting trust in a proposed merger between a Canadian and an American railroad in their revised merger application (CP / KCS)
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