FMC members challenge CP-KCS merger

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Three members of the US Federal Maritime Commission (FMC) this week urged rail regulators to reject the proposed merger of Canadian Pacific Railway and Kansas City Southern, saying while it may open more port routings for US shippers, it will ultimately hurt US ports and intermodal railway systems by shifting cargo volumes to competing Canadian ports.  Carl Bentzel, Louis Sola, and Max Vekich sent a letter sent Tuesday to the Surface Transportation Board, saying the merger, which the companies hope to close in the fourth quarter, would hurt US employment, US port volumes, and investment in the US intermodal rail network. STB has been gathering testimony from stakeholders on CP’s request to acquire KCS. Shareholders of CP (NYSE: CP) and KCS approved

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