WSJ: UPS opposes CP Rail-Norfolk Southern merger

• UPS (UPS -0.9%), one of the largest U.S. rail customers, is the latest company to oppose a merger between Canadian Pacific Railway (CP -2.9%) and Norfolk Southern (NSC -1.9%), WSJ reports.
• UPS reportedly sent a letter to the U.S. Surface Transportation Board that a hostile takeover or acquisition would not be in the best interest of the intermodal shipping community.
• It may not matter, as CP Rail CEO Hunter Harrison admitted yesterday that the railroad's options for winning a hostile bid are "becoming shorter and shorter."