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Keith Creel (left) and Jason Seidl
As part of the NEARS (Northeast Association of Rail Shippers) virtual conference, Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl hosted Canadian Pacific President and CEO Keith Creel in a “fireside chat” to discuss the proposed merger between CP and Kansas City Southern.
“Creel was adamant that CP’s proposal was the least risky as it did not have any overlap compared to a notable amount at CN,” Seidl said. “He also did not sound like he would increase his bid if KCS chose to take CN’s offer. He reinforced commentary that with the CP/KCS combination, extended length-of-haul will be offered to customers. The west side of the Midwest (North Dakota, South Dakota, Wisconsin) was highlighted as having a competitive opportunity to reach new markets in Texas and Mexico.”