CN Urges STB to Reject Incomplete UP/NS Merger Application

Key Highlights

• CN filed comments with the STB, urging rejection of the Union Pacific and Norfolk Southern amended merger application.
• The amended application addresses only one of three deficiencies identified by the STB in January 2026.
• It fails to provide complete competition analyses and consistent market share information.
• The application inaccurately identifies points changing from two/three Class I options to one/two.
• It omits analyses of downstream competitive impacts and a significant transaction application for TRRA control.
• The proposed Committed Gateway Pricing (CGP) program applies to less than one percent of U.S. rail traffic.
• CGP excludes major traffic categories like finished vehicles, intermodal, unit trains, and customers served by CN, CPKC, and most short lines.
• Applicants' own expert modeling suggests CGP will harm many shippers and increase rail shipping costs.