Canadian Pacific Urges Scrutiny of Proposed Mega Merger Between Union Pacific, Norfolk Southern

Dow Jones05-11

By Adriano Marchese

Canadian Pacific Kansas City is pushing back against Union Pacific and Norfolk Southern's refiled merger bid, with its chief executive urging shippers and other stakeholders to speak out over what he sees as heightened risk from increased concentration in the rail industry.

Canadian Pacific's CEO, Keith Creel, said in a statement Monday that a combined Union Pacific-Norfolk Southern railroad could concentrate nearly half of U.S. freight rail traffic in the hands of a single company.

The comments follow Union Pacific and Norfolk Southern's decision to resubmit their application to U.S. regulators for a proposed $71.5 billion merger that would create a massive coast-to-coast railroad.

Creel said he is confident that if the Surface Transportation Board accepts the refiled application, it will conduct a rigorous review of the deal. He encouraged all stakeholders to carefully consider the proposal and to fully participate in the process.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 11, 2026 08:12 ET (12:12 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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