(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 hope that transaction might fare better. The 13 months between the two approaches have transformed the commercial picture on the railroads in the US and Canada.
Full story: Financial Times