CP - Canadian Pacific and Canadian National spar over Kansas City Southern

It is an active day in the rails sector with Canadian Pacific Railway ([[CP]] +0.1%) disclosing that it recently sent a letter to the CEO of Kansas City Southern ([[KSU]] -0.0%) regarding the anti-competitive impacts of the proposed Canadian National Railway ([[CNI]] +0.5%) transaction with KCS."KCS and CN serve the same shippers, the same cities, the same corridors, and the same regions across much of KCS's U.S. network... CN appears to believe that the only transportation competition that matters in North America is competition from trucks and the existence of at least two railroads serving individual shippers. As I am confident your counsel will confirm, this is not how the STB will view railroad competition under the 2001 merger rules," reads the missive. Meanwhile, Canadian National Railway says over 400 customers, suppliers, elected officials and other stakeholders have filed letters with the Surface Transportation Board in favor of CN’s proposed combination with

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Canadian Pacific and Canadian National spar over Kansas City Southern