(Source: Investors Business Daily, January 18, 2017)
NEW YORK — Shares of rail giants CSX (CSX) and Norfolk Southern (NSC) surged late Wednesday after Canadian Pacific (CP) said CEO E. Hunter Harrison, who helped lead the Norfolk Southern takeover attempt last year, will leave five months earlier than planned to pursue other “opportunities” in the rail industry. He is also cutting ties to Canadian Pacific, which agreed to a limited waiver of non-compete obligations. COO Keith Creel will take on the CEO role.
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