CP says it is considering legal action in merger bid

by MM&D Online Staff

CALGARY, Alberta—Canadian Pacific is considering its legal options in response to recent actions by a number of major US railroads who have stated publicly they are working collectively to block CP’s efforts to pursue a pro-customer, competition-enhancing combination with Norfolk Southern Corp. (NS).  The company made the announcement on March 2.

“It is unfortunate that CP must consider the use of litigation to ensure a level playing field and protect its rights, but the company has concluded that the actions of those competitors should not be allowed to block the creation of a railroad that offers unparalleled customer service and competitive rates that will support the success of the shippers, the industries it serves and the broader economy,” the railroad said in a statement.