Canadian National files with US regulator for more details on Union Pacific-Norfolk deal
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Canadian National (CNR.TO) has filed a motion with the U.S. Surface Transportation Board requesting Union Pacificand Norfolk Southernto provide more details on their proposed $85 billion merger. The merger aims to create the first U.S. coast-to-coast railroad but has faced criticism for lacking transparency regarding its competitive impact. The review process could take 12 to 18 months, with regulatory scrutiny expected to be intense. BMO Capital Markets analyst noted elevated regulatory uncertainty despite potential earnings benefits.
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