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The Surface Transportation Board (STB) should reject as “incomplete” the application for Canadian Pacific to take over Kansas City Southern, Union Pacific Railroad officials said in a filing last week.
The application does not include all the information needed to satisfy market analysis and operational data requirements under STB rules that apply to the CP-KCS merger proposal, the filing stated.
"The application's principal failing is the exclusion of approximately 360,000 carloads, or more than 32% of the potentially divertible traffic, from its diversion analysis," UP officials said. "As a result, the application fails to describe “the impacts of the proposed transaction — both adverse and beneficial — on a significant portion of traffic that applicants themselves identified as potentially affected by the proposed transaction."
UP lists other shortcomings in the application as well. To view the full filing, click here.