The Canadian Pacific Railway is asking the board of directors of Kansas City Southern to reject the recent offer by Canadian National. The Surface Transportation Board plans to use stricter rules regarding competition for the CN proposal compared to Canadian Pacific. In a letter to the Kansas City Southern board, CP President and CEO Keith Creel said the risk associated with the CN acquisition offer is “too high.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.