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CN fires latest salvo in battle with CP Rail; analyst survey says shippers prefer CP

This compares to a more favourable view by shippers of CP acquiring KCS in our last survey. Twenty per cent of shippers surveyed said a combination of CN-KCS would cause them to lose a rail shipping option, a higher number than we would have thought. The survey of more than 100 shippers over a 24-hour period showed that 25 per cent had a positive view of the CN transaction, while 45 per cent had a negative view and 30 per cent had no opinion, the report noted. It said a similar prior survey found that 44 per cent had a positive view of the CP-KCS deal and 18 per cent had a negative view.

Senior U S lawmaker warns against railroad industry consoli

Senior U.S. lawmaker warns against railroad industry consolidation Reuters | Apr 23, 2021 11:59 PM EDT A wagon of a freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico (Photo : REUTERS/Edgard Garrido) The chairman of the U.S. House of Representatives Transportation and Infrastructure Committee said on Friday the potential acquisition of the Kansas City Southern freight railroad should set off alarm bells about industry consolidation. Representative Peter DeFazio, a Democrat, said the deal could spark a new wave of railroad mergers that stifle competition and trigger industry-wide consolidation. Advertisement Like Us on Facebook Wall Street will make money from railroad consolidation, but the U.S. economy and workforce will be worse off for it, he said in a statement.

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