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Union Pacific and Canadian National Railway have reached a binding agreement that would expand CN's access to key U.S. Midwest markets while removing the Canadian carrier's opposition to Union Pacific's proposed acquisition of Norfolk Southern.
The memorandum of understanding establishes a framework for preserving rail competition following the proposed merger, which remains subject to approval by the U.S. Surface Transportation Board (STB).
Under the agreement, CN would gain competitive access to shipper ...
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