Independent journal on economy and transport policy
23:10 GMT+2
This page has been automatically translated by Original news
Negative the outcome of the negotiations for the fusion of railway groups North American CP and CSX
According to the Canadian company it is necessary to adopt new solutions in order to resolve the problems that plague the railway field
October 20, 2014
Today the railway group Canadian Canadian Pacific Railway Ltd. (CP) has announced the cessation of the under way negotiations in exploratory way for a possible fusion with the American railway group CSX Corp.
CP, specifying that ulterior talks with the American company are not previewed, has explained to have proposed to CSX a combination integrated coast-to-coast to the aim to improve the service to the customers, to promote the competition, to reduce the congestion in the America North - in particular to the gateway key of Chicago - and to generate a meaningful value for the shareholders.
Canadian Pacific has evidenced that today the North American railway industry is confronted with the challenge to enliven the volumes of traffic goods more never consisting reached before and with a forecast of ulterior increase since the production of oil, the harvests and the question of the consumers is growing with the economy. The Canadian group considers that the remarkable problems that currently plague the railway field will be able to only get worse in the time if new solutions will not be put immediately in existence, as note a fusion between the companies of the section.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Today the railway group Canadian Canadian Pacific Railway Ltd. (CP) has announced the cessation of the under way negotiations in exploratory way for a possible fusion with the American railway group CSX Corp.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
