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News  ›  GlobeNewswire Inc.

CN Statement on UP-NS STB Filing

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Cn (Canadian National Railway)
CN Statement on UP-NS STB Filing

CN has filed opposition to a proposed merger between Union Pacific and Norfolk Southern, arguing the deal would reduce competition in the US freight rail market. CN contends the merger application fails to demonstrate public benefits and would create a single entity controlling over 40% of the US freight rail market, potentially leading to higher prices for consumers.

Insights
UNP   negative

Union Pacific's merger application is criticized for failing to demonstrate competitive benefits and for potentially creating excessive market concentration that would harm consumers through higher prices.