Tariff exposure round-up – Fedex, UPS, CH Robinson & Expeditors
…and the Class I railroads?
The US Surface Transportation Board (STB) has given the green light for the $31bn takeover of Kansas City Southern (KCS) by Canadian Pacific (CP).
This clears the way for the first major merger on the US rail scene in two decades.
The takeover will create the first single-line rail carrier that spans the US, Canada and Mexico, with about 20,000 miles of track and close to 20,000 employes.
The combined operation will be named Canadian Pacific Kansas City (CPKC).
The STB came to the ...
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