Former ND Senator Byron Dorgan Says KCS-CN Railway Mergers Are Bad for Business
Former US Senator Byron Dorgan from North Dakota is not a big fan of railroad mergers, especially the latest merger proposal that would have Canadian National buying up the Kansas City Southern Railway. However, he is going against his voting record and pushing for a different merger that would have Canadian Pacific Railway purchasing KCS instead. Senator Dorgan says the CP merger would expand railway opportunities, while the CS merger would eliminate competition.
A deal was already in place earlier this year between CP and KCS, but KCS dropped that agreement and approved a more lucrative offer from CN. However, Senator Dorgan is hopeful that the deal with CN will be rejected by the Surface Transportation Board.
Listen to the full interview with former Senator Dorgan during the Farm and Field Show this Wednesday from 2-5pm on 106.5 KRJB.
Byron Dorgan served 12 years in the US House and 18 years in the US Senate before retiring in 2011.