News / CN and KCS hopeful of merger green light from US STB this month

© Helena Bilkova

Canadian National (CN) and Kansas City Southern are growing increasingly confident that the US Surface Transportation Board (STB) will greenlight its merger after filing a renewed motion for approval.

The two railroads entered a merger agreement on 29 May, catching the industry, particularly CN rival Canadian Pacific (CP), off guard, but the pair have faced issues, the STB rejecting CN’s first motion of approval for a voting trust.

CN chief executive JJ Reust told Bernstein’s 37th Annual Strategic Decisions Conference: “We read the comments ...