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CP renews call for Norfolk Southern merger in white paper

2016-01-12 22:30:46| Railroads - Topix.net

Canadian Pacific Railway Ltd. has renewed its call for a merger with Norfolk Southern Corp. on Tuesday, this time in a nine-page white paper. The Calgary-based freight carrier said the $28-billion takeover of Virginia-based Norfolk Southern is needed to meet the current and future demands of North American economic growth, while easing rail congestion without the need to add track or terminals amid increasing government oversight.

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