Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) announced last week they have entered into a merger agreement, under which CP has agreed to acquire KCS for approximately $29 billion

According to Feedstuffs, the two railroads will create the first rail network connecting the U.S., Mexico and Canada. The combined network’s new single-line offerings will deliver dramatically expanded market reach for customers served by CP and KCS, provide new competitive transportation service options and support North American economic...