Money Quote: Railway Merger Diss

Dow Jones07-30 22:22

"That does not resonate with the customer when you tell them they have fewer options...they have the memories and the trauma of the prior consolidations in this industry. And some of the worst trauma, I'm sorry, [Union Pacific], you caused it."

-Keith Creel, the CEO of Canadian Pacific Kansas City, on why his railroad opposes the proposed merger of Union Pacific and Norfolk Southern.

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