The following is the news release linked in the social media postings set forth above.
North Americas Railroad
NEWS RELEASE
CN and KCS
Outline Benefits of Pro-Competitive Combination for Shippers
Unprecedented pro-competitive commitments will enhance route choice and provide all market participants, railroads and shippers a fair chance to compete
Transaction is about creating a new rail product and pro-competitive market philosophy for the
future
New direct rail service, preserving interline routing options with the gateway commitment, and offering price
transparency through separately challengeable segment rates will deliver on commitment to preserve and enhance competition for all shippers
MONTREAL and KANSAS CITY, Mo., July 8, 2021 CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (KCS)
today outlined how the proposed combination of CN and KCS will preserve and promote competition, growth and more choice for rail customers, port operators, employees, stakeholders and communities.
As outlined in the joint filing to the Surface Transportation Board (STB) on July 6, 2021, CN and KCS will enhance competition by:
Delivering more choices to our rail customers: The combination allows shippers the ability to connect with other Class I carriers up and down the
combined network so that a shipper can use the most efficient and lowest cost gateway and routing options available for a particular move. The combined network will connect with partner Class Is at numerous major gateways, providing
unprecedented choice, resiliency and flexibility. More choice tilts negotiations in the customers favor. The proposed CN-KCS combination makes that possible.
Keeping gateways open on commercially reasonable terms: CN and KCS are committed to keeping CN and KCS major rail gateways open both physically and
commercially. This means, for example, that agricultural customers, including farmer-owned co-operatives enjoying existing competitive joint line routings through gateways with CN or KCS and another carrier,
will continue to have those routings available upon completion of the merger. Everyone benefits from this commitment. Customers will continue to enjoy the interline service they have today, along with new, enhanced rail-to-rail competition that the combination would make possible. And by creating more optionality through major gateways, we will offer customers a new ability to shop for the best price and service
combination.