The Surface Transportation Board in the United States has accepted Canadian Pacific Railway’s application to acquire Kansas City Southern.
The board also announced a schedule for the regulatory review, which includes calls for final briefs by July 1.
CP said in a news release that it expects the review to be completed in the fourth quarter of next year.
“We are pleased that the board has accepted our comprehensive joint application and declared it complete,” CP president Keith Creel said.
“We look forward to moving forward with a robust regulatory review of this historic combination that will add capacity to the U.S. rail network, create new competitive transportation options.”
