ND Delegation Statement on Merger Agreement Between Canadian Pacific, Kansas City Southern Railways
WASHINGTON – Senators John Hoeven and Kevin Cramer and Congressman Kelly Armstrong issued the following statement after Canadian Pacific Railway (CP) and Kansas City Southern Railway (KCS) announced a merger agreement. Earlier this summer, the delegation wrote the Surface Transportation Board (STB) in support of the proposed merger between KCS and CP, outlining that a merger will open new markets for North Dakota producers. Moving forward, the merger agreement will require final approval from the STB, which is charged with ensuring an efficient, competitive, and economically viable surface transportation network.
“This merger will create the first railroad connecting Canada, Mexico, and the United States, opening access to new markets in Mexico for North Dakota producers, while also providing a more direct route to markets in the southern United States. This in turn will increase competition and help our agricultural producers continue to provide the highest quality, lowest cost food supply in the world, while also contributing to our nation’s energy independence,” said the delegation.
The letter can be found here.
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