KSU - Canadian Pacific Kansas City Southern assert right to have STB review deal

Canadian Pacific (CP) and Kansas City Southern (KSU) made a filing with the Surface Transportation Board asserting their right to have the STB review their combination under a waiver the STB granted to KSU in 2001.The filing comes after objections to the application of the Kansas City Southern waiver that were filed with the STB by competitors and others."CP and KCS welcome a thorough and fair STB approval process for the planned creation of the first U.S.–Mexico–Canada rail network announced last month," the companies said in a statement. "Revoking the waiver would unnecessarily complicate and prolong the Board's review."The deal between Canadian Pacific and Kansas City Southern was viewed favorable by analysts after it was unveiled last month.

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Canadian Pacific, Kansas City Southern assert right to have STB review deal