It was hard to miss news of the ship blocking the Suez Canal last week. It is a significant event in global trade—and an unexpected topic for an internet meme. There was another story in transportation last week that got much less coverage, and the two stories may converge in less meme-worthy but equally interesting ways. Last Sunday, Canadian Pacific railroad announced plans to acquire Kansas City Southern for $29 billion in what would be the first merger of Class I railroads since the 1990s. [1] According to some, the events are connected. [2] The rail merger would create the first North American railroad connecting Canada, the U.S., and Mexico as companies grapple with widespread disruptions of global supply chains, a new North American free-trade agreement, and cancellation of the Keystone XL pipeline.
Share this post
Momentum on rails and clogged canals
Share this post
It was hard to miss news of the ship blocking the Suez Canal last week. It is a significant event in global trade—and an unexpected topic for an internet meme. There was another story in transportation last week that got much less coverage, and the two stories may converge in less meme-worthy but equally interesting ways. Last Sunday, Canadian Pacific railroad announced plans to acquire Kansas City Southern for $29 billion in what would be the first merger of Class I railroads since the 1990s. [1] According to some, the events are connected. [2] The rail merger would create the first North American railroad connecting Canada, the U.S., and Mexico as companies grapple with widespread disruptions of global supply chains, a new North American free-trade agreement, and cancellation of the Keystone XL pipeline.