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CP Rail’s Harrison to shift stategy in Norfolk Southern bid

(Source: Bloomberg, January 21, 2016) NEW YORK — Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum. Full...

CP issues another white paper arguing for rail merger

(Source: Associated Press, January 20, 2016) OMAHA, Neb. — Canadian Pacific says combining its railroad with Norfolk Southern would help reduce congestion in the Chicago hub where all the major railroads hand off freight to each other. Full story: Washington...

CP’s bid for NS riles U.S. railroads

(Source: Reuters, January 19, 2016) CHICAGO — A legal protest by Canadian Pacific over a meeting among big U.S. railroads about mergers in their industry has highlighted maneuvering in the sector to cope with a rapid downturn and possible consolidation. Full story:...

Editorial: CP-NS street fight

(Source: Editorial in the Roanoke Times, January 14, 2016) ROANOKE, Va. — If Canadian Pacific’s opening move was to make an offer to acquire Norfolk Southern (actually three offers, all rejected), Norfolk Southern’s defensive gambit has been to raise the specter that...