(Source: Financial Times, December 10, 2015)
NEW YORK — North American railroads could face a wave of mergers that are detrimental to customers if regulators approve efforts by Canadian Pacific to take over Norfolk Southern, the executive chairman of the US’s second-biggest rail network has warned. Matt Rose, of Burlington Northern Santa Fe, owned by Warren Buffett’s Berkshire Hathaway, said that BNSF would expect to be involved in any such wave of consolidation.
Full story: Financial Times