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6/14/2021
In a June 10 advertisement in The Washington Post and in a statement posted on its website, Canadian Pacific reiterated its stance that its proposed merger with Kansas City Southern is the "only viable" combination that would benefit Class I service, freight-rail competition and the environment.
CP is continuing to make a public case for its proposal to merge with KCS, which initially agreed to combine with CP but then pulled out of the pact to pursue a merger agreement with CN.
In a video statement posted on the company's website, CP President and Chief Executive Officer Keith Creel explains why CP-KCS would create the first rail network connecting the United States, Mexico and Canada.
“It’s the only combination that would bring new routes, new competition and serve the public interest," Creel says. "In contrast, the Canadian National proposal would reduce competition, negatively impact shippers and ultimately create the third-largest Class I railroad."
In the post, CP directly asks the public to "voice your concerns about whether CN should be allowed to lock in its anti-competitive plan to buy KCS via a voting trust."