Canadian National Asks Regulators to Require Sale of KCS Line
January 13 2022 - 7:54AM
Dow Jones News
By Will Feuer
Canadian National Railway Co. said it would ask the U.S. Surface
Transportation Board to require the sale of Kansas City Southern's
Springfield Line to Canadian National as part of Kansas City
Southern's merger with Canadian Pacific Railway Ltd.
The line, which runs from Kansas City, Mo., to Springfield and
East St. Louis, Ill., is a direct competitive alternative to
Canadian Pacific's current route from Kansas City to Chicago, and
beyond to Detroit and eastern Canada, Canadian National said
Thursday.
Forcing a sale of the line to Canadian National would improve
transportation options and increase competition, Canadian National
said. The company said it would invest at least $250 million into
the line if it is able to acquire it.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 13, 2022 07:39 ET (12:39 GMT)
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