The Kansas City Southern Railway, the one that travels across eastern Oklahoma, is being allowed to merge with Canadian Pacific in a $31 billion deal.
Considered the nation’s two smallest railways, the acquisition of KC Southern by Canadian Pacific was approved by the U.S. Surface Transportation Board according to the Associated Press.
The merger will create the only railroad linking Canada, Mexico and the U.S. and according to the Transportation Board, will “facilitate the flow of grain from the Midwest to the Gulf Coast and Mexico.”
The board said the transaction, which will have little to no track redundancies or overlapping routes, is also expected to add more than 800 new union jobs in the U.S. according to the AP.
Click here for Associated Press
