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UPDATE 1-FedEx Freight raises concerns over CP bid for Norfolk Southern
2016-03-03 21:27:52| Trucking - Topix.net
A unit of FedEx Corp has raised concerns over Canadian Pacific's bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail regulator on Thursday. In the letter to the Surface Transportation Board dated Feb. 25, a FedEx Freight executive wrote the company believes "a merger would lead to diminished service as well as higher shipping costs."
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Category:Transportation and Logistics