Reported Earlier, Union Pacific-CN Pact Expands Customer Options, Grants CN Kansas City Access And Secures Support For Norfolk Southern Merger
يونيون باسيفيك كورب
السكك الحديدية الوطنية الكندية
نورفوك ساوثرن كورب
Union Pacific Corporation UNP | 0.00 | |
Canadian National Railway Company CNI | 0.00 | |
Norfolk Southern Corporation NSC | 0.00 |
Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval and closing of the merger:
- CN gains access to shipper facilities where Class I railroad options would be reduced from 2-to-1 or 3-to-2, where commercially and operationally feasible.
- CN acquires Norfolk Southern's ownership interests in the Kansas City Terminal Railway Company (KCT) and the Terminal Railroad Association of St. Louis (TRRA).
- CN gains new access in the Midwest through overhead rights between Tuscola, Illinois, and East St. Louis, Illinois, and rights to serve customers between St. Louis, Missouri, and Kansas City, Missouri. For the first time, CN will have a footprint in the heart of Kansas City, with usage of Union Pacific’s Neff Yard.
- CN will not oppose the Union Pacific-Norfolk Southern merger. Both parties will collaborate through the STB process to ensure that this agreement takes effect.
