FedEx Freight raises concerns over CP bid for Norfolk Southern

Thu Mar 3, 2016 1:46pm EST
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By Nick Carey

CHICAGO, March 3 (Reuters) - A unit of FedEx Corp has raised concerns over Canadian Pacific's bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail regulator on Thursday.

In the letter to the Surface Transportation Board, a FedEx Freight executive wrote the company believes "a merger would lead to diminished service as well as higher shipping costs." (Reporting by Nick Carey, editing by G Crosse)