CPKC Warns of Rail Merger Risks After Rivals’ $72 Billion Deal

North American railroad Canadian Pacific Kansas City Ltd. said it’s not interested in a merger and warned of potential service disruptions as deal activity picks up across the rail industry.

The company — itself a product of a mega-merger just two years ago — said the existing network of six major domestic railroads has shown it’s capable of delivering “near-seamless transportation services” across the continent. Future improvements could come through alliances rather than acquisitions, CPKC said in the unorthodox statement Tuesday.