Insights and Stories on CSX

Jan. 20, 2017 at 1:28 pm CST

Reuters — Shares of railway operator CSX Corp. soared 20 per cent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Investors rushed to bid up shares of CSX after news reports that former […]

By Michael Flaherty

Jan. 19, 2017 at 4:53 am CST

A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up […]

By Staff

Mar. 2, 2016 at 7:37 pm CST

Reuters — Canadian Pacific Railway (CP) said Wednesday it is looking at all legal options in response to what it described as concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern. “It is unfortunate that CP must consider the use of litigation to ensure a […]

By Allison Lampert, Nick Carey

Jan. 21, 2016 at 6:42 pm CST

Chicago | Reuters –– A legal protest by Canadian Pacific Railway (CP) over a meeting among big U.S. railroads about mergers in their industry has highlighted manoeuvring in the sector to cope with a rapid downturn and possible consolidation. Calgary-based CP on Tuesday asked the U.S. Justice Department to look […]

By Nick Carey

Mar. 2, 2015 at 5:08 pm CST

Toronto | Reuters — Canadian Pacific Railway is unlikely to be involved in the consolidation of the North American industry in the short term, CEO Hunter Harrison said on Monday. Canada’s No. 2 railway, which also has operations in the U.S., discussed a deal with CSX Corp. last year but […]

By Allison Martell