Potential merger of rail companies raises concerns

STB receiving barrage of letters from stakeholders and government officials expressing concerns over rail merger.

In late 2015, Canadian Pacific Railway Ltd. (CP) sat down with CSX Corp. for merger talks, but the rail companies were unable to strike a deal. Following the rejection, CP decided to analyze the value of a merger with Norfolk Southern Corp. (NS) and found even greater value for its shareholders.

While the NS board has rejected a total of three proposals, CP is continuing its merger efforts. However, the potential for greater industry consolidation has many stakeholders and governme

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