CPKC warns of ‘extraordinary' risks around proposed U.S. rail merger [BNN Bloomberg (Canada)]
Union Pacific Corporation (UNP)
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Source: BNN Bloomberg
In a release Friday, CPKC said Union Pacific's proposed purchase of Norfolk Southern would “radically” change America's rail network and pose “extraordinary” risks to customers, workers and supply chains. The cautionary words from CPKC — the only major railway to span all three countries in North America — come after Union Pacific on Friday filed an application with the U.S. transport regulator to review the merger plan. The applicants say it would streamline rail service, take trucks off the road and protect union jobs — though two of their biggest unions oppose the move. Other industry players have warned that the US$85-billion deal between two of North America's biggest railroad operators would see the merged company handle some 40 per cent of American freight and potentially trigger a final wave of rail mergers across the continent. The acquisition would marry Union Pacific's vast rail network in the Western U.S. with Norfolk's rails that snake across the country's easter
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News
- Norfolk Southern Corporation (NSC) M&A Call Transcript [Seeking Alpha]Seeking Alpha
- Union Pacific and Norfolk Southern Try Making Their Case for a Merger [The New York Times]The New York Times
- CPKC says proposed U.S. rail merger would undermine competition, hurt stakeholders [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- CPKC warns of ‘extraordinary' risks around proposed U.S. rail merger [Yahoo! Finance Canada]Yahoo! Finance Canada
- Union Pacific (UNP): Assessing Valuation After a Steady 6% Share Price Rise Over the Past Month [Yahoo! Finance]Yahoo! Finance
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- 12/12/25 - Form 4
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