
Two railway operators have set out for the same destination, but with different chances of reaching it. Canadian Pacific Railway and Canadian National Railway both want to buy U.S. rival Kansas City Southern. After Canadian Pacific’s $27 billion revised effort on Tuesday, the two have made offers that, boiled down, aren’t much different. Canadian Pacific’s currently looks more likely to happen, though, which gives it the edge. Both bidders covet an unbroken route from Canada to Mexico, traversing the United States. That should, each believes, entice a greater share of freight from road to rail. Kansas City agreed in March