联合太平洋与加拿大国家铁路达成和解，降低其收购诺福克南方的监管阻力

Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger
The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN’s presence in the Midwest and reaffirming gateway protections for all customers and railroads.
Under the settlement agreement, which is contingent on the Surface Transportation Board’s (STB) approval and closing of the merger:
- CN gains access to shipper facilities where Class I railroad options would be reduced from 2-to-1 or 3-to-2, where commercially and operationally feasible.
-
CN acquires
Norfolk Southern's ownership interests in theKansas City Terminal Railway Company (KCT) and theTerminal Railroad Association of St. Louis (TRRA). -
CN gains new access in the Midwest through overhead rights between
Tuscola, Illinois , andEast St. Louis, Illinois , and rights to serve customers betweenSt. Louis, Missouri , andKansas City, Missouri . For the first time, CN will have a footprint in the heart ofKansas City , with usage of Union Pacific’sNeff Yard . - CN will not oppose the Union Pacific-Norfolk Southern merger. Both parties will collaborate through the STB process to ensure that this agreement takes effect.
“From day one, we’ve said our merger with
“As the rail industry considers significant structural change, it is essential that customers continue to benefit from meaningful competition and choice,” said CN President and CEO
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ABOUT CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
Forward-Looking Statements
Certain statements by CN and Union Pacific included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The companies caution that their assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements reflect information as of the date on which they are made. The companies assume no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN or Union Pacific do update any forward-looking statement, no inference should be made that they will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Union Pacific Media Contact: media@up.com
CN Contacts:
CN Media
Ashley Michnowski
Senior Manager
Media Relations
(438) 596-4329
media@cn.ca
CN Investment Community
Jamie Lockwood
Vice-President
Investor Relations and Special Projects
(514) 399-0052
investor.relations@cn.ca
Source: Union Pacific Railroad