By Nick Carey
CHICAGO, March 3 (Reuters) - A unit of FedEx Corp (NYSE:FDX) FDX.N
has raised concerns over Canadian Pacific's CP.TO bid for
Norfolk Southern (NYSE:NSC) NSC.N saying it could hurt rail service and
lead to higher shipping costs, according to a letter posted by a
U.S. federal rail regulator on Thursday.
In the letter to the Surface Transportation Board, a FedEx
Freight executive wrote the company believes "a merger would
lead to diminished service as well as higher shipping costs."