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Rail Giants Burlington Northern, Canadian National to Combine Operations.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, December, 1999 by Brochu, Ron
Dec. 21--Two of the largest railroads serving Duluth-Superior announced Monday they plan to merge, creating the largest rail carrier in North America.
Through a stock swap, Burlington Northern Santa Fe Corp. and Canadian National Railway Co. would become operating units of North American Railways Inc., the new parent company.
Pending approval from shareholders and review by American and Canadian regulators, expected by mid-2001, the merged companies would operate 50,000 route miles of track, running from Canada to Mexico and linking mid-continent grain fields with Atlantic, Pacific and Gulf Coast ports.
BNSF has 34,000 miles of track in 28 states and two Canadian provinces.
CN's operates 16,000 miles of track in nine Canadian...
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