heypal6878 wrote:Do you really think CP is going to merge with NS? I can't get my hands around that one. I know CP wants them really bad but the red tape involved is tremendous to say the least. Total approval is unlikely on the entire package deal, shareholders will not go along with the new deal, and there are just too many questions. Will it even work? CP wanted CSX really bad and that deal fell though. I really don't see CP buying NS on the deal they are offering now.
Evans in Newtown is on the move. Place is really busy and they have gravel pits that are expanding in that area. I can see maybe they may be thinking about moving gravel by train. That guy is in a little trouble from earlier this year with the government when they came in a closed the place down. Not sure what is going on with that. It will be interesting to see how that materializes. Meanwhile at Plum Road it would be nice if that company would begin using rail transportation.
I read something interesting and it does make since.
EHH has really tried getting a beltway around Chicago for years and years. When he was at CN he wanted the IHB but could not get any of the owners to sell. CN ended up with the EJ&E.
Now EHH is at CP. CP wants the IHB badly and apparently is the largest used of the IHB in terms of overheard traffic. The ownership of the IHB is 49% CP, 25.5% CSX and 25.5%
NS. CP wants NS largely for the IHB. By acquiring the IHB, they could have majority ownership of the IHB. In addition, it would give CP access to many major ports serviced by NS.
There currently are a number of CP-NS agreements in place for moving goods to and from Canada over NS lines.
I really think the government would have issue with the IHB being taken over by CP though, and might require a large stumbling block in the plan as it would relate the IHB.