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FedEx tells feds it's against railroad merger

2016-03-04 02:19:54| Railroads - Topix.net

FedEx Corp. told U.S. rail regulators it's against Canadian Pacific Railway Ltd.'s proposed merger with Norfolk Southern Corp., adding to a long list of shippers opposing the deal. In a letter to the Surface Transportation Board, the freight unit of FedEx said railroad consolidation would lead to worse service and higher transportation prices.

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