On January 14, 2016, CP responded to comments made by Union Pacific (UP) CEO Lance Fritz regarding his disapproval of the combination between CP and Norfolk Southern, and his comment that UP is rallying other Class 1 railroad companies to oppose the merger. CP continues to believe that the merger will create more competition and relieve congestion around Chicago, benefitting all railroads.

14 Jan 2016
CANADIAN PACIFIC RAILWAY LIMITED (CP) RESPONDS TO UNION PACIFIC CEO'S OPPOSITION TO CP-NS COMBINATION

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CANADIAN PACIFIC RAILWAY LIMITED (CP) RESPONDS TO UNION PACIFIC CEO'S OPPOSITION TO CP-NS COMBINATION
Canadian Pacific Railway Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
14 Jan 2016 -
Author:
Steven I. Paget -
Pages:
2 -
On January 14, 2016, CP responded to comments made by Union Pacific (UP) CEO Lance Fritz regarding his disapproval of the combination between CP and Norfolk Southern, and his comment that UP is rallying other Class 1 railroad companies to oppose the merger. CP continues to believe that the merger will create more competition and relieve congestion around Chicago, benefitting all railroads.