Canadian National, BNSF and Norfolk Southern are seeking concessions from the Canadian Pacific Railway related to its merger with Kansas City Southern. In a call with investors, CP CEO Keith Creel these requests to the Surface Transportation Board for divestitures and a change in trackage rights is “unreasonable.” Meanwhile, CP reports fourth quarter revenues were up one percent at just over $2 billion. Freight revenue from grain shipments declined 13 percent and volumes down 21 percent. CP officials said the drought is responsible for reduction in grain shipments.
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