CN said the application that Union Pacific and Norfolk Southern filed with the STB on Friday “fails to demonstrate that the merger would enhance competition or generate significant public benefits that would require a merger.”
“It falls well below both the 2001 and old merger rules set out by the Surface Transportation Board,” the company said in a statement.
“Protecting competition is not optional, it is essential to keep costs down and the economy sound,” it added. “The fact is that this merger would reduce rail transportation options for customers while creating a single entity that controls more than 40% of the US freight rail market. Without real railroad competition, prices go up and consumers lose.”
CN said it would actively participate in the STB process and encourages all stakeholders to do the same to ensure all voices are heard and competition is enhanced.
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