NEW YORK – Executives from Canadian National, CPKC, CSX and Norfolk Southern poured cold water on talk about potential Class I railroad mergers during an investment conference this week.
Mergers have become a hot topic in some railroad boardrooms in recent months amid stagnant rail volume, revenue and stock prices. Some see a U.S. transcontinental merger as a way to jump-start volume and earnings growth.
CPKC (NYSE: CP) Chief Executive Keith Creel, who put together the historic 2023 merger of...
https://www.freightwaves.com/news/regulatory-risk-a-red-signal-to-rail-mergers-investors-told