Will CP + NS Happen?

[Lenny53]

    so CP Leaves 2 east coast Container Ports,but now wants back in ?
   where is the one in Canada,Halifax ?
   and there is a big one at Port Newark/Elizabeth in Jersey that was served
   by the now sold off D&H.
    this is so Stooooopid its beyond comical.
   CP has really been taken over by morons.
        Spikre
         
     

When Hunter was at CN a lot Port of Montreal container traffic went over to CP, now that Hunter is at CP that traffic is going over to CN?????

[Spikre]

 
 Lenny,
   didn't know about Montreal,Thanks.
   thought Halifax was promoted as the closest N.A. Port
  to Europe in the 80s ?
       Spikre
         

[Lenny53]

 Lenny,
   didn't know about Montreal,Thanks.
   thought Halifax was promoted as the closest N.A. Port
  to Europe in the 80s ?
       Spikre
         

CSX has opened a new intermodal yard on their line (ex NYC/PC/CR) in Valleyfield Quebec and containers are trucked to port.   I hear Hunter is not too keen on ocean going containers.

[lock4244]

    so CP Leaves 2 east coast Container Ports,but now wants back in ?
   where is the one in Canada,Halifax ?
   and there is a big one at Port Newark/Elizabeth in Jersey that was served
   by the now sold off D&H.
    this is so Stooooopid its beyond comical.
   CP has really been taken over by morons.
        Spikre
         
     

Though CP reached Halifax via subsidiary Dominion Atlantic Rwy (DAR) and over trackage rights on CN, the DAR was isolated and only joined to the balance of the CP network via car ferries across the Bay of Fundy, the eastern port they walked from was St John, NB. This occurred in 1994 when they sold Montreal - St John to the Canadian-American / Eastern Maine / New Brunswick Southern.

CP was making bad decisions long before current management. They actually put their 56% stake in SOO Line up for sale in the late 80's, but after no takers they, decided to buy up all remaining shares. Imagine they'd have come to regret selling it seeing as it's a pretty important route for them... you know, their only direct access to Chicago. But they're the people that sold off the old SOO/WC to the new WC because they could not see the value in those lines.

[lock4244]

CSX has opened a new intermodal yard on their line (ex NYC/PC/CR) in Valleyfield Quebec and containers are trucked to port.   I hear Hunter is not too keen on ocean going containers.

They let the OOCL contract go to CN ~2 years ago... that'd been a CP account since the 80's at the least. CN 148/149 to/from Port of Mtl will grow up to 200+ platforms.

[Lenny53]

Though CP reached Halifax via subsidiary Dominion Atlantic Rwy (DAR) and over trackage rights on CN, the DAR was isolated and only joined to the balance of the CP network via car ferries across the Bay of Fundy, the eastern port they walked from was St John, NB. This occurred in 1994 when they sold Montreal - St John to the Canadian-American / Eastern Maine / New Brunswick Southern.

CP was making bad decisions long before current management. They actually put their 56% stake in SOO Line up for sale in the late 80's, but after no takers they, decided to buy up all remaining shares. Imagine they'd have come to regret selling it seeing as it's a pretty important route for them... you know, their only direct access to Chicago. But they're the people that sold off the old SOO/WC to the new WC because they could not see the value in those lines.

Actually it is Farnham to St John although MMA did have trackage rights Farnham to Montreal for awhile.  It was a MMA train that derailed on the St. Lawrence bridge a few year back.  Most of the old SOO, including the DSS+A to the Sault,  was sold to WC (now CN) after CP bought the eastern end of Milwaukee Road.   

[jmarley76]

Most of the old SOO, including the DSS+A to the Sault,  was sold to WC (now CN) after CP bought the eastern end of Milwaukee Road.

You have to remember that the Milwaukee Road was in poor condition at that time, and WC did a lot of work (both on the ground and in the office). So at that time, most of those lines didn't have the value that WC later gave them. Sure, we can look back now and say they shouldn't have sold that off; but that is a blanket critique that doesn't take the circumstances, only the results, into consideration. As they say, hind sight is 20/20.

[Lenny53]

They let the OOCL contract go to CN ~2 years ago... that'd been a CP account since the 80's at the least. CN 148/149 to/from Port of Mtl will grow up to 200+ platforms.

The new IMS yard in Les Cedres remains still born under Hunter, even though construction had already started before CSX built their their facilty, while IMS Lachine is over capacity and can't handle any more traffic. Right next to Lachine, ST Luc yard is no longer a working hump yard and is under capacity.   When Hunter was at CN he closed Monterm Intermodal and moved everything to Taschereau yard which was a complete mess for quite a while until things got sorted out. 

[jmarley76]

Lots of things look great on paper, but make no sense on the ground...

[eric220]

Looks like it's over.

http://mobile.reuters.com/article/idUSKCN0X819C

[Ed Kapuscinski]

Lets hope. But I doubt it. Icahn is a d-bag who doesn't like being told "no".

I'd watch out for him trying some underhanded ***** still.

[Lenny53]

Looks like it's over.

http://mobile.reuters.com/article/idUSKCN0X819C

from the article "In early trade CP shares were up 3.6 percent at C$181.63. Norfolk Southern shares were down 1.3 percent at $80.46."

go figure 

[jmarley76]

from the article "In early trade CP shares were up 3.6 percent at C$181.63. Norfolk Southern shares were down 1.3 percent at $80.46."

go figure 

They attribute the increase in CP stock due to the announcement in this article - http://www.theglobeandmail.com/report-on-business/canadian-pacific-abandons-efforts-to-buy-norfolk-southern/article29582913/

I guess those interested in investing in CP were waiting to see what would happen... 

[Lenny53]

They attribute the increase in CP stock due to the announcement in this article - http://www.theglobeandmail.com/report-on-business/canadian-pacific-abandons-efforts-to-buy-norfolk-southern/article29582913/

I guess those interested in investing in CP were waiting to see what would happen... 

Looking like CP's offer was too high despite NS protesting it was low ball.

[jmarley76]

Looking like CP's offer was too high despite NS protesting it was low ball.

Yep! (As evidenced by the NS stocl price drop)
I think CP has yet to play their hand.