A merger between CP and KCS would result in the fewest overlapping routes compared with any other Class l railroad, said the U.S. Surface Transportation Board. If approved, the combination of CP and KCS, the sixth largest and seventh largest Class I railroads, respectively, would still result in the smallest Class I railroad, based on U.S. operating revenues, the U.S. regulator said.
Following the regulator s decision, CP CEO Keith Creel told KCS president and CEO Pat Ottensmeyer to consider the regulatory issues in CN s proposal. I am confident that you and your Board have a thorough understanding of all of the dimensions of competition between KCS and CN, wrote Creel in a letter to Ottensmeyer.
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U S regulator says merger waiver applies to CP but KCS board gives CN bid a boost - Medicine Hat NewsMedicine Hat News
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U S regulator says merger waiver applies to CP but KCS board gives CN bid a boost
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