CN continues to review Union Pacific and Norfolk Southern’s amended merger application to the Surface Transportation Board, saying they failed to address competitive harms despite addressing certain deficiencies.
- CN believes competitive overlap areas are more extensive than identified in application
- Merged company would control about 40% of US freight rail traffic
- Company remains actively engaged in the regulatory review process, says it’s well positioned to provide solutions to competitive issues
- NOTE:
Railroads Say Megadeal Would Cut Shipping Costs by $3.5 Billion
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