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Announced: The largest railroad merger ever.
Motley Fool. ^
| 03-23-2021
| Lou Whiteman
Posted on 03/23/2021 11:51:42 AM PDT by em2vn
Canadian Pacific Railway (NYSE:CP) is looking to the south for growth, announcing plans to acquire Kansas City Southern (NYSE:KSU) for $29 billion.
(Excerpt) Read more at fool.com ...
TOPICS: Business/Economy; Government
KEYWORDS: canada; mexico; unitedstates
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This idea was originally offered under the Clinton Administration. Under the original plan the seaports in the U.S. would be all but shut down and seaports in Mexico, run by communist chinese, would receive the bulk of shipping.
1
posted on
03/23/2021 11:51:42 AM PDT
by
em2vn
To: em2vn
Any word on Amtrak from the southern meh-eek-oh border to Toronto yet? The Illegal Unlimited.
2
posted on
03/23/2021 11:58:15 AM PDT
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
To: em2vn
Well the got the canal already right? Correct as needed. 😕🐎💩
3
posted on
03/23/2021 11:59:27 AM PDT
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
To: em2vn
I’m not sure how they get to “largest”. Non-inflation adjusted dollars? I would think that the BN-SF merger and the UP-SP merger both had more track mileage.
4
posted on
03/23/2021 12:03:50 PM PDT
by
PAR35
To: em2vn
5
posted on
03/23/2021 12:03:52 PM PDT
by
gattaca
("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
To: PAR35
Believe Warren Buffet paid north of 30 million for BNSF
6
posted on
03/23/2021 12:06:07 PM PDT
by
JerryBlackwell
(some animals are more equal than others)
To: em2vn
Canada was just ripped off on their pipeline by US socialists - what else are they supposed to do?
7
posted on
03/23/2021 12:07:03 PM PDT
by
NWFree
(Socialism is legalized plunder)
To: JerryBlackwell
8
posted on
03/23/2021 12:10:49 PM PDT
by
bigbob
To: em2vn
KCS goes by my house. When the Keystone Pipeline was shut down I noticed a large number of oil tanker cars going South being pulled by Canadian Pacific engines.
9
posted on
03/23/2021 12:13:47 PM PDT
by
Ruy Dias de Bivar
((Democrats have declared us to be THE OBSOLETE MAN in the Twilight Zone.))
To: rktman
A year or so ago I noticed a train going South being pulled by Kansas City Southern de Mexico engines.
10
posted on
03/23/2021 12:15:04 PM PDT
by
Ruy Dias de Bivar
((Democrats have declared us to be THE OBSOLETE MAN in the Twilight Zone.))
To: Publius
11
posted on
03/23/2021 12:17:57 PM PDT
by
PROCON
(Our rights do not come from government, therefore they cannot take them away.)
To: em2vn
Under the original plan the seaports in the U.S. would be all but shut down and seaports in Mexico,
The ones on the west coast would face a drop off in shipping for sure. Perhaps it has something to do with those ports being open in Mexico due to the extortion by the west coast port unions?? Port wages are greatly different between the east and west coasts from what I gather.
12
posted on
03/23/2021 12:18:11 PM PDT
by
Mouton
(The enemy of the people is the media.)
To: em2vn
13
posted on
03/23/2021 12:18:50 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Ruy Dias de Bivar
14
posted on
03/23/2021 12:21:47 PM PDT
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
To: PAR35
I’m not sure how they get to “largest”. Non-inflation adjusted dollars? I would think that the BN-SF merger and the UP-SP merger both had more track mileage.Must be non-inflation adjusted bucks.
To: FreeReign
Interesting, CP first tried a linc up with CSX, then NSouthern. The first two failed due to resistance. Now KSU.
This one might go through.
16
posted on
03/23/2021 12:30:31 PM PDT
by
Mouton
(The enemy of the people is the media.)
To: PAR35
Right. No way is this the REAL largest merger. From what I’ve read, the merged CP-KCS will still be the smallest Class I railroad in North America.
17
posted on
03/23/2021 12:33:02 PM PDT
by
Alberta's Child
("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
To: bigbob
meant 30 billion not million
18
posted on
03/23/2021 12:34:44 PM PDT
by
JerryBlackwell
(some animals are more equal than others)
To: PROCON
Saw it. KCS has a limited amount of track in the US -- they are a small player here -- but they own a massive amount of track in Mexico. They are predominately a Mexican railroad with a US headquarters. It gives CP a good footing in Mexico.
Expect BNSF and CN to once again try to merge. They tried it 20 years ago, but the government rejected it. It was too soon after the disastrous UP/SP merger that jammed the combined tracks for months at a time. I think they'll try it again.
19
posted on
03/23/2021 12:40:06 PM PDT
by
Publius
To: Alberta's Child
the merged CP-KCS will still be the smallest Class I railroad in North America.Class I is a lot smaller than it was when I was young.
Florida East Coast would be Class I if revenues were consolidated with the transportation assets of its parent Groupo Mexico. I don't know that you could get there with just the FEC (Class II) and Texas Pacifico (Class III) assets in the US, but if so, it would be shorter.
20
posted on
03/23/2021 1:59:25 PM PDT
by
PAR35
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