New York (CNN Business) – Two of North America’s largest railroad companies announced a merger Sunday that would connect freight customers to Canada, the United States and Mexico on a single network for the first time in history.
Canadian Pacific (CP) agreed to purchase Kansas City Southern (KSU) in a deal worth about $25 billion after discounting $3.8 billion of KCS debt that Canadian Pacific will take on.
When Pete Buttigieg was sworn in as the 19th Secretary of Transportation earlier this month, he became the first openly gay man to be named for this role in U.S. history.
Buttigieg—known for his military service and former role as the mayor of South Bend, Indiana—was chosen for his ability to bring all facets of the Department of Transportation together, according to President Biden. Those facets include improving transportation by rail, air, and road, as well as overseeing the Federal Aviation Administration and Federal Highway Administration.
From scenic island circuits in Japan to Rocky Mountain adventures, these new routes have us excited about the future of rail travel.
Rumblings of a railway renaissance have been swirling recently, thanks to a growing interest in sustainable transportation. And with new tracks being laid and upgraded trains to look forward to, post-pandemic travel could involve taking the scenic route more often.
More travelers are eyeing ways to not only make their future trips stress-free, but also more eco-conscious. Countries like Scotland and Spain have announced plans to roll out zero-emission hydrogen-powered trains. The European Commission has dubbed 2021 the European Year of Rail, which aligns with their goal of achieving carbon neutrality by 2050. Even President Joe Biden, who earned the nickname Amtrak Joe for having famously commuted by train for decades as a senator, promised a “second rail revolution” on his campaign trail.