Media Coverage | Connected Continent
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Media Coverage

“CN executives also reiterated how a merged railway can compete with long-haul trucking. For instance, the automotive industry would benefit from a second line of service between Detroit and Kansas City, while intermodal service from Mexico to the Upper Midwest and southern Ontario could compete with truck traffic on Interstate 35, according to CN Chief Operating Officer Rob Reilly.”
“Often the winner of a hostile takeover in a highly regulated industry is the bidder that offers a compelling purchase price and presents the best chance of earning the relevant watchdog’s approval. CN, though, does not have to make the regulatory argument to KCS shareholders. Instead, it can lure them with a proposal that is currently worth more than CP’s. On top of that, the cash portion of its offer will pay US$110 more a share.”
“Lottridge Tire and Retreading Inc., an Ontario-based supplier to the rail industry, said it supports CN's bid for KCS because it would foster growth in north-south trade and offer environmental benefits by replacing truck traffic with an improved rail network.”