CN Supports Freeze of UP-NS Merger, Seeks More Info
CN Supports Freeze of UP-NS Merger, Seeks More Information
Canadian National Railway (CN) has stated that the Surface Transportation Board (STB) was right to freeze the merger process between Union Pacific and Kansas City Southern (UP-NS) and demand more information. CN believes this decision is appropriate to ensure thorough review.
CN continues to assert that the amended application for the UP-NS merger would reduce competitive rail options for shippers. The company warns that such a merger could have negative impacts on market competition.
This development is seen as a crucial step in preserving competition in the railway industry. CN's stance is being closely watched by other industry players.
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