Union Pacific warns about downstream impacts of KCS merger
UP also expects 2021 volumes to be 6% higher than 2020
0 172 3 minutes read A Union Pacific train heads to its next destination. (Photo: Jim Allen/FreightWaves)
Any merger involving Kansas City Southern (NYSE: KSU) and either Canadian Pacific (NYSE: CP) or CN (NYSE: CNI) should be scrutinized by regulators to ensure that the combined railroad doesn’t cause downstream impacts to the value of competing railroads, the head of Union Pacific (NYSE: UNP) said Thursday.
CP and Kansas City Southern (KCS) last month agreed to merge, while CN made a bid for KCS on Tuesday. For both combinations, the end result would be a railroad connecting both coasts of Canada and then south to the U.S. and Mexico.
North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid
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North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid
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