09:00 AM EDT, 08/26/2025 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) , which merged two years ago with Kansas City Southern to create Canadian Pacific Kansas City ( CP ), said Tuesday that it is "not interested in participating in immediate rail industry consolidation, despite the suggestions by some that it take part".

CPKC in a statement said it does not believe that further rail consolidation is necessary for the industry as currently structured.

According to Tuesday's statement, CPKC "strongly feels, given what the existing competitive landscape has shown it can deliver, any major rail merger poses unique and unprecedented risks to customers, rail employees and the broader supply chain." It said those risks would be exacerbated by the inevitable follow-on consolidation.

"We believe that a transcontinental merger would trigger permanent restructuring of the industry and result in a disproportionately large railway whose size and scope would require others to take action," said Keith Creel, CPKC President and CEO. "This will likely result in an unnecessary wave of railway mergers that today is not the best way to support American businesses nor the public interest, and has the potential to create more issues than it solves."

CPKC said the existing six major railways in the United States are "capable of offering their customers high quality and near-seamless transportation services across the continent.

"Many of the kinds of benefits asserted in support of transcontinental mergers can be achieved through new and expanded industry partnerships, customer service innovations and additional cooperation among railways. CPKC continues to pursue these opportunities, such as its recently announced collaboration with CSX on the Southeast Mexico Express service linking the U.S Southeast to Mexico," CPKC said.

"Today," it added, "the rail network in the United States has the necessary capacity and operational fluidity to safely drive many years of service improvement, volume growth, truck conversion, and resulting value creation for the nation's rail shippers in support of the national economy. The public's interest is best served by the nation's railroads focused on delivering reliable, "truck-like" service while investing in their networks to increase U.S. rail network capacity required for sustainable growth, rather than pursuing additional rail consolidation in an industry already greatly consolidated."

CP was down 1.7% in Canada yesterday. It is up 1.2% in US pre-market trade.