Senator Warren urges transport regulator to block U.S. railroad deal

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By David Shepardson (Reuters) – Democratic Senator Elizabeth Warren has urged a U.S. regulator to reject Canadian Pacific’s $31 billion deal to take control of U.S. railroad Kansas City Southern, saying it would hurt competition, prompt job losses and disrupt service, a letter seen by Reuters showed. The acquisition, which combines the sixth- and seventh-largest U.S. railroads by revenue, was agreed in 2021. The deal has since closed but Kansas City shares were transferred to a trust and the railroad must operate independently until the Surface Transportation Board, which oversees U.S. freight…

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