Hints and tips:
...The reason to be wary in Uber’s case is the future of on-demand transportation is… quite uncertain....
...Both NS and CSX have insisted that the Surface Transportation Board, the industry regulator, was so unlikely to approve a merger that it was not worth considering....
...A still more formidable barrier could well be the US’s Surface Transportation Board....
...The last merger between Class I railroads was completed in 1999, when NS and CSX together bought Conrail and split its assets between them....
...He said CSX, which CP approached last year, had put itself up for sale. CSX denied having done so....
...Mr Rose’s statement appeared to be a warning to the Surface Transportation Board, which would have to approve any merger, that other railroads would also expect to be allowed to merge if the CP-NS deal went...
...The company last October approached CSX but was rebuffed. ....
...Canadian Pacific on Monday said exploratory talks with CSX about the two railways merging had ended....
...Any deal would undergo a probably lengthy approval process with the US’s Surface Transportation Board. The STB has previously refused to allow any single operator to run all across the US....
...The resulting congestion has slowed rail service across much of the US and prompted the industry’s regulator – the Surface Transportation Board – to hold hearings on deteriorating service at which there...
...The US’s Surface Transportation Board has held hearings on the performance of CP and BNSF in moving last year’s record grain harvest amid a surge in traffic in the great plains....
...However, the Surface Transportation Board, the US rail regulator, has expressed concerns about the robustness of CP’s plans to improve service and asked it to “clarify ambiguities”....
...Both GE Transportation and Caterpillar are co-operating with railroads in trials of the new technology due to start later this year....
...Executives at all four of the biggest US-based railway companies – UP, Burlington Northern & Santa Fe, CSX and Norfolk Southern – told the Financial Times that high road fuel prices were pushing increasing...
...However, he expressed concern about the potential effects of legislation being debated to strengthen the powers of the Surface Transportation Board, the industry’s regulator....
...Main rival Union Pacific rose 6.8 per cent, while Norfolk Southern rose 2.4 per cent and CSX 6 per cent....
...Mr Kiley and Mr Walder were both veterans of New York’s Metropolitan Transportation Authority....
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