If the proposed corporate-friendly merger announced on 21 March 2021 between Calgary-based Canadian Pacific Railway Ltd. (‘CP’) and Kansas City Southern Railway Company (‘KCS’)  proceeds , it will be examined under a 2001 waiver  granted by the United States Surface Transportation Board (‘STB’) . In a 23 April 2021 ruling considered by the entire board, the STB  confirmed its earlier decision to waive the application of the current (and more stringent) regulations  for a merger involving KCS and another Class I railroad . Instead it will apply the regulations in effect before 11 July 2001 . ‘In adopting the current major merger rules, which emphasize the public benefits flowing from enhanced competition, the Board noted that the “eastern and western railroads do not
The US Surface Transportation Board sets aside the current and more stringent regulations applicable to Class I mergers and determines that a merger proposal can proceed under the older rules governing such mergers (CP / KCS)
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