Union Pacific Picks up Canadian National's Support for Its Plan to Acquire Norfolk Southern Railroad
The agreement gives CN new Midwest access and ownership interests, including use of Union Pacific’s Neff Yard in Kansas City, officials said.
- CN and Union Pacific announced yesterday a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with Union Pacific's proposed transaction with Norfolk Southern.
- Union Pacific's proposed merger with Norfolk Southern raised competitive concerns, prompting CEO Jim Vena to state the settlement reinforces commitments to preserve and enhance competitive options for customers.
- CN acquires Norfolk Southern's ownership interests in the Kansas City Terminal Railway Company and Terminal Railroad Association of St. Louis, plus gains its first Kansas City footprint through Union Pacific's Neff Yard.
- Both parties will collaborate through the STB process to ensure the agreement takes effect, positioning CN to provide reliable and efficient options across North America.
- During ongoing rail industry consolidation, this settlement ensures customers maintain meaningful competition and choice, with CN now competing in markets where Union Pacific previously held dominant positions.
41 Articles
41 Articles
Trussville Cannot Afford More Rail Impacts Without Real Solutions
By Ben Short, Trussville Mayor The proposed merger between Union Pacific and Norfolk Southern is being presented as a major step forward for America’s freight rail system. Supporters have described it as a way to create a coast-to-coast rail network, improve supply chains, and move freight more efficiently across the country. On paper, those goals may sound worthwhile. But for communities like Trussville, the question is not whether a merger ben…
CN Agrees to End Opposition to Union Pacific’s Railway Mega-Merger in US
Canadian National Railway Co. and Union Pacific Corp. are striking a deal that would end CN’s opposition to that rival’s proposal for a massive merger south of the border. Announced Wednesday evening, the agreement would hand CN more network access in the U.S. Midwest in exchange for its tacit support of Union Pacific’s proposed US$85-billion acquisition of Norfolk Southern Corp. Union Pacific, the second-largest railway operator in the United S…
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Union Pacific picks up Canadian National’s support for its plan to acquire Norfolk Southern railroad
OMAHA, Neb. (AP) — Union Pacific struck a deal with Canadian National to secure that rival's support for its proposed $85 billion acquisition of Norfolk…
CN opposed Union Pacific's acquisition of Norfolk Southern, which would allow it to manage approximately 40% of cargo traffic in the United States.
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