Shippers say railroads conspired to boost prices starting in 2003 by imposing co-ordinated fuel surcharges
Norfolk Southern raised concerns saying deal could undermine competition between CSX and Norfolk Southern
North American rail volume last week, including 12 U.S., Canadian and Mexican railroads, fell 7.6 percent
Appointments, promotions, moves and changes in the supply chain sector this week
However, railway says it is open to talks with CP Rail if bid is ‘meaningfully increased’
CP CEO Hunter Harrison said his railroad remains committed to its roughly $30 billion bid for Norfolk Southern
Needed to support growth in the North American economy
Shareholders would receive payout if combined company’s share value doesn’t reach minimum value
Rejection of merger deal to be addressed in a call on December 8
US rail company calls the deal “grossly inadequate.”