The Surface Transportation Board has approved Canadian Pacific Railway’s acquisition of Kansas City Southern and some ag groups are expressing their disappointment.
In a statement, U.S. Wheat Associates and National Association of Wheat Growers say the move doesn’t consider the impact on agricultural shippers from lack of competition in the U.S. rail sector.
U.S. Wheat Associates President Vince Peterson says there is extreme disparity in rates for wheat shippers.
“Rail rates over the last decade have increased exponentially and rates for wheat are higher than rates for other commodities even with similar handling characteristics.