FOG BLOG CANADIAN BUSINESS LOG: CP GETS OK BY U.S. REGULATORS TO BUY KANSAS CITY SOUTHERN!

Canadian Pacific Railway wins U.S. regulatory approval to buy Kansas City Southern WASHINGTON — The Surface Transportation Board, which oversees U.S. freight railroads, said Wednesday it had approved Canadian Pacific‘s US$31-billion deal to acquire U.S. railroad Kansas City Southern with conditions.

The board said it was requiring an “unprecedented seven-year oversight period along with extensive data-reporting requirements.” The board said it expects the new single-line service will foster the growth of rail traffic, shifting approximately 64,000 truckloads annually from North America’s roads to rail.