The Soybean Transportation Coalition is closely watching a bidding war between Canada’s two major railroads as they attempt to purchase the Kansas City Southern railroad.
Canadian Pacific Railroad had announced a 25-billion-dollar deal to acquire the Kansas City Southern in March and competitor Canadian National has now filed an unsolicited 30-billion-dollar bid to acquire the U.S. railroad, which has strong north-south connections from the heartland deep into Mexico.
Mike Steenhoek with the Soy Transportation Coalition says agriculture has witnessed several mergers and consolidations over the years.
