Canadian Pacific Railway Ltd., the second-biggest railroad in Canada, is exploring a takeover of U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter.
cnbc really goofed up read short article and tell me what United Pacific railroad is.
http://www.cnbc.com/2015/11/09/norfolk-southern-canadian-pacific-shares-jump-amid-deal-report.html
Can’t you read? Both articles are clear, but CNBC either typoed or erroniously put ‘United’ for ‘Union’, obviously.
What else do you expect from the person writing about railraods?
So is mud somedays. [;)] There are time we have to wonder what they really meant. It’s pervasive in the media to use wrong words. One local TV station’s web site constantly says “Person killed after house fire.” Oh! Did they drag him out and shoot him? Their command of the English Language leaves something to be desired. [That from a guy who is NOT an English major.]
Well, let’s get to the really important stuff - hopefully 611 can run on Buckingham Branch.
If it happens I hope they don’t screw up the NS . They are so well run and classy I would hate to see it fall apart . I am not real familiar with the CP .
Oh come on, Norm. The reason Streak said that was not because he cannot read or lacks the minimal familiarity with the subject to mentally correct the typo or whatever error. He posted that because in some quarters it is de rigueur to poke (fun or in the eye?) the hated media. Had it been in Fox, I wonder if he would?
Try reading papers of otherwise good students, who often say, someone “defiantly” chose X when they mean “definitely” of course. Even worse is to have to repeatedly see “the dinning car” or “the dinner” instead of Dining and Diner from posters on here and not say anything. We can assume they are not complaining of excessive noise levels.
Last I heard, not going to happen.
It’s certainly doable but CP better bring lots and lots and lots of cash, eh?
Maybe the merger is good, maybe not, but it seems sad to have the NS (and all its predecessor lines) taken over by a foreign railroad.
Is cp still run by hunter Harrison? If so he shut down cp steam program in 2013 and was then very critical of ns program.
Hunter is on his last legs age wise and won’t be in the job of CEO much longer hence I think he wants his legacy to be the guy that finished the transnational railroad merger wave which started back when KCS and UP bid over Mexico’s railways.
As for the choice. I think NS is a much stronger partner for CP than CSX would have been. CSX would be a better pairing for BNSF or UP. I don’t think UP is even interested in a another merger with it’s Mexican holdings. So the question is will BNSF attempt a purchase of CSX? CSX keeps repurchasing it’s stock trying to get the valuation up for some reason…so maybe CSX is not interested in a merger with a Western railway?
Maybe after this merger wave some visionary will finally connect the Alaska railroad with the rest of the continent and possibly extend the standard gauge systems Southward through Guatamala into South America???
As far as I am concerned, CP has totally screwed up the Soo Line and especially the DM&E. The only way this works is if NS people are in charge. But if EHH is in charge, heaven help us.
I, too, think NS would be a much better choice as opposed to CSXT. At the same time, however, I have a feeling that this is all merely a sideshow without substance; hiding the “real” talks that are going on.
I’ll believe it when I hear someone from CP or NS announce it. “Unidentified sources” sounds too much like the custodian at CP HQ may have overheard somethng and whispered it to a rookie reporter…
Bill Ackman who runs the Hedge Fund Pershing Square Capital Management is simply stirring the pot to pump and dump the stocks of NS and CP. Bil Ackman is a Wall Street hotshot who is going to burn in the hell of Bonfire of the Vanities in the end. He is not a long term Investor like Warren Buffet who wants to add value to the company nor the country as a whole.
Control of a major piece of national infrastucture by a foreign corperation that is essentional to our national defence does not sit well with many people.
And the old IC, GTW and Soo are not “essentional to our national defense”? A ridiculous argument.
So, is this going to move a deal where NS shops around for a better deal, such as with UP or BNSF? What of CSX? Will they then cry “woo is me, I need a buy-out too!” and go looking to BNSF and UP for an offer? Where the market matures and there is only big fish with cash, the next thing is to buy your way into ever bigger markets" Economics 101.