Wave of rail mergers ‘inevitable’ if takeover bid approved, says CPKC chief exec - BNN Bloomberg

A proposed rail merger in the United States would set off a wave of acquisitions that reduces competition, raises consumer costs and generates freight logjams, says Keith Creel, who heads Canadian Pacific Kansas City Ltd. The US$85-billion deal would marry Union Pacific’s vast rail network in the Western U.S. with Norfolk Southern’s rails in the east, creating America’s first transcontinental railway and accounting for more than 40 per cent of its freight traffic. Combining the second- and third-largest railways in North America would trigger more mergers among the current big six, Creel claim…