Canadian Railroads > Proposed CP-CSX Merger, Oil to East

Late Sunday Wall Street Journal indicates CP approached CSX about the possibility. US Anti-Trust Implications? Previous CN-BNSF Nixed.

That would make Vancouver a big port!!
eastern US w/out Chicago mess?



Edited 1 time(s). Last edit at 10/12/14 16:56 by SpeederDriver.

I though I read somewhere that EHH wanted to be the one to "topple the domino" that started the final round of mergers...I guess this makes sense to try to make CP as CN-esque as possible when it comes to route miles and area served. I'll believe it when I see it...

Here's an article from thnewspaper...
http://www.usatoday.com/story/money/business/2014/10/12/canadian-pacific-railway-and-csx-could-possibly-unite/17156179/

If this merger trend continues on its current trajectory, soon North America will have:

The Railroad

The Airline

The Supermarket

The Oil Company

The Coal Company

The (enter whatever you want here)

and it'll all be owned by Tim Hortons

Fritz in HSV, AL

CPSX, here we come.....

greasemonkey Wrote:
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> CPSX, here we come.....

Probably pretty close...CPSux....

Keith Robertson
Langley, BC

In the old days railroad barrons wanted to be the biggest through asset growth and traffic increases. Now railroad barrons want to be the largest through acquisition and abandonment.

Posted from Windows Phone OS 7

fbe Wrote:
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> In the old days railroad barrons wanted to be the
> biggest through asset growth and traffic
> increases. Now railroad barrons want to be the
> largest through acquisition and abandonment.
>
> Posted from Windows Phone OS 7

I don't think that is true;

J.J. Hill bought control of the Northern Pacific and CB&Q, E. H. Harriman bought control of the Southern Pacific, The Van Swearingen brothers started with the Nickle Plate, then bought control of the Wheeling & Lake Erie, The Erie, and the Chesapeake & Ohio. Jay Gould controlled the Union Pacific, the Missouri Pacific, the D&RGW, the Wabash, and the Erie, not all at the same time. George Gould(Jay's son) controlled the Western Pacific, the D&RGW, the Missouri Pacific, the Wabash, the W&LE, and the P&WV, nearly completing a transcontinental system.

SOO6617,

Yes, that is true, buy more to increase the size of the asset. Nowdays they buy another line and start throwing away components to make the final road lean and mean no matter how many customers are cast aside.

Posted from Windows Phone OS 7

I think the dynamics have changed since the 1970s. CP and CSX don't overlap very much at all, and where they do, they need the extra capacity. It isn't like the CNW buying the CGW.

Would CP be the "fallen flag" ?

joemvcnj Wrote:
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> Would CP be the "fallen flag" ?

CSX isn't worth enough to be the surviving company. CP has the greater book value now.