Canada’s Trudeau has final say on CP-NS merger
Rail industry cogitation focuses so far on Canadian Pacific’s (CP) prospects for securing Surface Transportation Board (STB) approval for its—at first friendly and now increasingly hostile—attempt to take over Norfolk Southern (NS). Unremarked has been the even-less predictable, but equally essential, attitude of Canada’s transportation and business regulators to a deal that would see one of the country’s two Class I’s disappear into the alphabet soup of American megamergers.