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Update 1-CSX Ceo: Major U.S. rail mergers could disrupt service

2014-10-16 07:54:04| Railroads - Topix.net

Further consolidation of major U.S. railroads could lead to service disruptions rather than improvements in U.S. rail freight congestion, the chief executive of CSX Corp said in a conference call with analysts on Wednesday. "We might actually see a step back in service," Michael Ward said when asked whether consolidation would improve rail capacity.

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