A number of rail shipping groups and four out of five Class I railroads are asking the Surface Transportation Board (STB) to examine the proposed merger of Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) under a “new” litmus test of whether the merger would enhance market competition versus adversely affecting it.
Shippers’ takeIn a Thursday filing to the board, the Freight Rail Customer Alliance, National Coal Transportation Alliance and Private Railcar Food and Beverage...