At the end of the day, it's not an issue that we spend a lot of time on, but the consolidation is real, and the competitiveness of our railways is reliant on their ability to raise capital. I think placing one restriction on one railway over all the other players in this market.... There is an integration of the North American rail system. We can't just consider CP and CN and consider that they're not a part of an integrated North American system.
On September 11th, 2017. See this statement in context.