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Surface Transportation Board Approves Rail Merger After Two-Year Review
| 题名： | Surface Transportation Board Approves Rail Merger After Two-Year Review |
| 正文语种： | eng |
| 作者： | DAVID MURRAY |
| 摘要： | In a decision that has been pending for two years, the Surface Transportation Board approved the acquisition of Kansas City Southern Railway Company (KCS) by Canadian Pacific Railway Limited (CP), with oversight and conditions, on March 15. The deal is worth about $31 billion; the approval takes effect April 14. Besides releasing its decision, STB chairman Martin Oberman announced it in a press conference-the first-ever by the normally little-noticed STB, which has sole authority from Congress to approve, disapprove and regulate rail mergers. The decision follows a two-year period of fact-gathering, public hearings and information sessions. Oberman said board members had received 2,000 comments, engaged in seven community hearings and heard from" hundreds of concerned citizens." |
| 出版年： | 2023 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 136 |
| 期： | 48 |
| 页码： | 24-24 |
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