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A Kansas City Southern (KSC) Railway locomotive. Photo: Whitney Curtis/Bloomberg via Getty Images

The railway group Canadian Pacific announced on Sunday that it has agreed to buy Kansas City Southern for about $25 billion, Reuters reports.

Why it matters: The acquisition would create the first railroad network to connect the U.S., Canada, and Mexico and open up opportunities for increased trade.

  • The new USMCA trade agreement, which replaced NAFTA, went into effect last year will likely increase manufacturing and agriculture trade, adding more certainty to the rail deal, per Reuters.

What they're saying: Patrick Ottensmeyer, Kansas City Southern's chief executive, said the deal could reduce the need for trucks to connect production sites, reports the Wall Street Journal.

  • “This company is going to have a North America rail footprint that is truly unmatched,” Ottensmeyer added.

What's next: The deal still awaits the approval of the U.S. Surface Transportation Board, which has not looked favorably upon previous attempts by Canadian railroad companies to buy U.S. rail companies, per Reuters.

  • The STB review is expected to finish by mid-2022.

Go deeper

3,000 unruly passenger reports made to FAA this year

Photo: Stefani Reynolds/Bloomberg via Getty Images

Airlines have reported some 3,000 cases of unruly behavior by passengers to the Federal Aviation Administration this year — including 2,300 for refusing to comply with face mask mandates, the FAA announced Monday.

Why it matters: Passenger numbers remain below pre-pandemic levels. But the FAA is investigating the highest number of suspected federal law violations since it began recording unruly passenger incidents in 1995, per ABC News.

House panel to investigate Trump-era DOJ data seizures

Photo: James Devaney via Getty Images

The House Judiciary Committee will launch a formal probe into the Trump-era Justice Department's seizure of data from devices belonging to members of Congress, their aides, journalists and then-White House counsel, panel chair Jerry Nadler (D-N.Y.) announced Monday.

Why it matters: Though it's so far unclear if the cases are related, they raise "serious constitutional and separation of power concerns," Nadler said in a statement.

3 hours ago - Politics & Policy

Scoop: Inside Biden's Putin prep

Photo illustration: Aïda Amer/Axios. Photo: Leon Neal (WPA Pool)/Getty Images

President Biden assembled a group of outside Russia experts — including former Trump officials — to brief him for his summit with President Vladimir Putin, people familiar with the matter tell Axios.

Why it matters: The previously unreported session demonstrates the extent to which Biden wants to be well prepared, drawing on the experience of officials with first-hand knowledge of the onetime KGB colonel’s tactics and tricks.