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Balanced Reporting. Trusted Insights.
Wednesday, April 16, 2025
The Surface Transportation Board has approved the $31 billion merger of Canadian Pacific and Kansas City Southern, creating the first railroad to provide single-line service stretching from Canada to Mexico.
After several months of deal-making between Kansas City Southern, Canadian National and Canadian Pacific railroad companies, KC Southern is again choosing to merge with Canadian Pacific in hopes of creating the first-of-its kind railroad from Canada to Mexico.
The high-stakes battle to buy Kansas City Southern railroad is heating up again with Canadian Pacific pitching another acquisition bid after the Surface Transportation Board denied Canadian National Railway’s proposal.
Senate Republicans have forced Democrats to go on the record as protecting existing tax benefits when it comes to transferring farm assets from one generation to the next.
Senate Agriculture Chairwoman Debbie Stabenow says she’s continuing to work on getting increased funding for conservation programs included in an upcoming climate infrastructure package. But the committee’s top Republican, John Boozman of Arkansas, is pushing back against including the funding in a reconciliation bill without GOP input.
The board of directors for Kansas City Southern decided to terminate its merger agreement with Canadian Pacific Railway in March for a new deal with Canadian National Railway.
President Joe Biden’s proposal to tax capital gains at death accounts for about one-third of the revenue to pay for his American Families Plan, a sweeping package of education, health and child care benefits. That’s according to an analysis of Biden’s tax proposals by the Tax Foundation.
