CP has published a letter, sent today to the U.S. Surface Transportation Board (STB), commenting on the CN counter offer for KCS.

In the letter, CP outlines the reasons why it believes a CN-KCS merger is not in the public interest, notes that it would reduce competition in a number of markets and highlights locations where KCS and CN controlled Illinois Central (IC) are in direct competition. The CP letter can be found at the first red bar below.

It is also noted that, while CN opposed the expedited regulatory process requested by CP and KCS, it is asking the STB to use this process should the CN-KCS proposal move forward.

CP and KCS have established a website on the merger at https://www.futureforfreight.com/