REDACTED PUBLIC RECORD VERSION CP-2 BEFORE THE SURFACE TRANSPORTATION BOARD Finance Docket No. 36472 CSX CORPORATION AND CSX TRANSPORTATION, INC., ET AL. – CONTROL AND MERGER – PAN AM SYSTEMS, INC., PAN AM RAILWAYS, INC., BOSTON AND MAINE CORPORATION, MAINE CENTRAL RAILROAD COMPANY, NORTHERN RAILROAD, PAN AM SOUTHERN LLC, PORTLAND TERMINAL COMPANY, SPRINGFIELD TERMINAL RAILWAY COMPANY, STONY BROOK RAILROAD COMPANY, AND VERMONT & MASSACHUSETTS RAILROAD COMPANY 302918 CANADIAN PACIFIC’S COMMENTS ENTERED Office of Proceedings August 27, 2021 Part of Public Record David L. Meyer LAW OFFICE OF DAVID L. MEYER 1105 S Street NW Washington, D.C. 20009 Email:
[email protected] Telephone: (202) 294-1399 Jeffrey J. Ellis CANADIAN PACIFIC 7550 Ogden Dale Road S.E. Calgary, AB T2C 4X9 Canada Email:
[email protected] Telephone: (888) 333-6370 Attorneys for Canadian Pacific August 27, 2021 i REDACTED PUBLIC RECORD VERSION TABLE OF CONTENTS INTRODUCTION ................................................................................................................................ 2 I. TRANSACTION RAISES MATERIAL CONCERNS ABOUT THE LONG-RUN PRESERVATION OF COMPETITIVE RAIL ACCESS TO NEW ENGLAND FROM THE WEST ................................................................................................................................... 6 A. The PAS Hoosac Tunnel Route Is the Only Viable Competitive Alternative to CSX for Most New England Rail Traffic ........................................ 7 B. The Transaction Will Have Significant Long-Term Implications