Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) today released the following statement on Canadian Pacific Railway’s decision to terminate its proposal to merge with Norfolk Southern:
“I believe this proposal was bad for America, and our Nation’s military also raised concerns about the negative implications it could have for national defense. This merger was not in the best interests of the country, the U.S. freight transportation system, railroad employees, rail shippers, and short line railroads, and I am glad that Canadian Pacific heard that message and decided to move on. The railroads should now focus on improving the movement of goods to continue our economic growth."
Source: House Committee on Transportation and Infrastructure
