The Canadian Pacific Railway and Kansas City Southern filed an application with the Surface Transportation Board regarding its plan to create a railroad that links the United States, Mexico and Canada. The merger will result in a dramatic increase in rail activity, especially on the north-south routes. According to the Canadian Pacific Kansas City operating plan, the new railroad will gain 80,000 carloads and 137,000 intermodal containers currently handled by other railroads. Shareholders will vote on the $31 billion deal in December. Once approved, CP will move its U.S. headquarters from Minneapolis, Minnesota to Kansas City, Missouri. The move should be complete within three years.
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