While shippers cite merger concerns, rival railroad looks instead to ‘collaborations’

Canadian National this week was the only Class I railroad to publicly comment on the $85-billion acquisition agreement between Union Pacific and Norfolk Southern, a corporate marriage that if approved would create the first U.S. transcontinental freight railroad.

“CN is closely monitoring the ongoing discussions about possible transcontinental rail mergers,” the Montreal-based company (NYSE: CNI) said in a statement to FreightWaves. “Our focus remains on delivering consistent performance for our customers, pursuing strategic growth opportunities, and creating long-term value for our shareholders.

“CN believes this can be achieved through greater collaboration between railways, connecting key markets with critical resources,” as opposed to mergers.

While shippers cite merger concerns, rival railroad looks instead to ‘collaborations’ – FreightWaves

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