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CN-CP-KCS: Stop and read the documents

(Source: Railway Age opinion column by Jim Blaze, September 14, 2021)

NEW YORK — We suggest the letter and opinion writers stop and read the documents available from public sources. A first truth is that the STB did not find for the worthiness or unworthiness of the yet completely unheard competitive arguments for a CN-KCS merger. They specifically held that CN could proceed without the voting trust protection and held that the voting trust format could not be applied, in their views, to this transaction. Aside from innuendo, there is no basis here for concluding the CN could not find conditions to demonstrate sufficient net positive public benefit to prevail in a full-blown merger proceeding under the “new rules.”

Full story: Railway Age

Wednesday, September 15, 2021

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