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Norfolk Southern CEO says big railroad mergers don't make sense, aren't needed
2014-10-22 23:04:52| Railroads - Topix.net
Norfolk Southern Corp.'s CEO doesn't think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednesday during a conference call on Norfolk's Southern's quarterly results that he doesn't think railroad mergers "make sense at this time."
Activist investor Bill Ackman: regulators likely open to railroad merger
2014-10-17 11:14:44| Railroads - Topix.net
Activist shareholder Bill Ackman says he believes regulators would be open to railway mergers if it made for stronger competition in the transportation industry. "We're not building any new railroads.
Tags: open
bill
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merger
CSX Ceo Warns About Railroad Mergers
2014-10-15 20:13:13| Railroads - Topix.net
CSX Corp. Chief Executive Michael Ward said Wednesday that railroad industry mergers could exacerbate congestion and traffic problems, not alleviate them. Mr. Ward wouldn't directly address Canadian Pacific Railway Ltd.'s proposed merger with CSX during his company's third-quarter earnings conference call with analysts.
Tags: ceo
railroad
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warns
Investor's Corner: How To Spot Railroad Tracks Top
2014-10-15 07:14:54| Steel - Topix.net
Weakness in the broad market can cause a leading stock to roll over a lengthy uptrend. That's what happened to Stocks top in many different ways, but a consistent element of the topping process is institutional selling.
CSX railroad 3Q profit rises 12 pct, tops St. view
2014-10-15 00:54:02| Railroads - Topix.net
CSX Corp. on Tuesday said its third-quarter profit grew 12 percent to $509 million as it hauled more freight amid an improving economy. The Jacksonville, Florida-based company reported profit per share of 51 cents, beating the 47-cent average estimate of analysts surveyed by Zacks Investment Research .
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