November 18, 2015 | CP, Headlines, NS
(Source: Reuters, November 17, 2015) NEW YORK — U.S. railroad operator Norfolk Southern Corp. all but rejected a $28.4 billion acquisition offer by Canadian Pacific Railway Ltd. on Tuesday, calling it “low-premium” and warning it would face significant...
November 16, 2015 | Headlines, NS, Operation Lifesaver
(Source: Columbus Dispatch editorial, November 12, 2015) COLUMBUS, Ohio — A plan to replace yield signs with stop signs at 1,000 railroad crossings across the state appears to be a reasonable effort to improve safety. By requiring drivers to stop, chances are...
November 16, 2015 | CP, Headlines, NS
(Source: Financial Times, November 16, 2015) NEW YORK — In October last year, the Canadian Pacific Railway approached CSX about a potential merger. Talks quickly broke down. Then, on November 9, it emerged that CP had made a similar approach to Norfolk Southern in the...
November 16, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 16, 2015) NEW YORK — A railroader for more than five decades, Hunter Harrison is a dealmaker who helped drive the industry’s initial consolidation wave in the 1990s. Now, his Canadian Pacific Railway Ltd. is exploring a takeover of U.S....
November 12, 2015 | CP, Headlines, NS
(Source: Globe and Mail, November 11, 2015) TORONTO — Canadian Pacific Railway Ltd.’s reported plan to create the largest railway in North America with an offer for Norfolk Southern Corp. would face a lengthy review process that could pit the company against shippers...
November 11, 2015 | CP, Headlines, NS
(Source: Reuters opinion column by Robert Cryan, November 10, 2015) NEW YORK — Canadian Pacific Railway may yet manage to cross the border. The $22 billion railroad company may try to buy slightly larger Norfolk Southern. If CP can boost its U.S. rival’s operating...
November 11, 2015 | CP, Headlines, NS
(Source: Business News Network, November 10, 2015) OTTAWA — A merger between Canada’s CP Rail and Norfolk Southern is “highly unlikely,” although not impossible, one rail analyst tells BNN. Full story: Business News Network
November 10, 2015 | Headlines, NS
(Source: Columbus Dispatch, November 10, 2015) COLUMBUS, Ohio — Norfolk Southern Railway Co. has lost out on a federal grant that the company was counting on to help expand its transportation hub at Rickenbacker Airport. Full story: Columbus...
November 10, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 10, 2015) WASHINGTON, D.C. — Canadian Pacific Railway Ltd.’s quest for a record merger depends on a blessing from the same U.S. agency that thwarted the last effort to build a transcontinental railroad. Full story:...
November 10, 2015 | CP, Headlines, NS
(Source: Globe and Mail, November 9, 2015) TORONTO — A takeover of Norfolk Southern Corp. by Canadian Pacific Railway Ltd. would give Hunter Harrison his dream: a railway that reaches three coasts. The chief executive officer of Calgary-based CP could be a step closer...
