(Source: www.icis.com, September 24, 2021)
HOUSTON — The US chemical industry is watching closely as the railroad sector is set to further consolidate with the pending merger between rail carriers Canadian Pacific (CP) and Kansas City Southern (KCS), two directors at the American Chemistry Council (ACC) told ICIS in an interview. Past consolidation and mergers in the railroad industry led to a dominance of railroad companies over their customers, and the latest M&A activities “certainly have our members concerned,” Scott Jensen and Jeffrey Sloan said.
Full story: www.icis.com