1020 ET - CN Railway has effectively aligned itself with the proposed Union Pacific-Norfolk Southern merger, with one of its two new agreements taking effect only if the deal is approved. CEO Tracy Robinson tells analysts in a call that commercial and settlement deals give CN direct, competitive access to Kansas City and Mexico, densify parts of its U.S. network, and monetize surplus capacity on the EJ&E line. Robinson says the arrangements "largely address the risk of the proposed merger to CN" while creating new growth opportunities, prompting the railway to formally drop its opposition to the transaction as part of one of the agreements. Robinson adds that the opportunities from the agreements and potential merger-related remedies "improve the position of our railway and create new avenues for growth." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 10:20 ET (14:20 GMT)

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