Shuster on CP’s End of NS Merger

April 12, 2016

A press release from the United States House of Representatives Transportation and Infrastructure Committee:

Shuster Statement on Canadian Pacific’s Termination of Norfolk Southern Merger Proposal

For Immediate Release: April 11, 2016

Contact: Jim Billimoria, Justin Harclerode (202) 225-9446

Washington, DC – 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:Website Insert Cars and Financing copy

“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.”

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