By Andrew Sachais : Transportation stocks are outperforming the market as airline, shipping, and railroad industries continue to expand revenue. iShares Dow Jones Transportation Average (NYSEARCA: IYT ) is up 7% in the last five days, while SPDR S&P 500 (NYSEARCA: SPY ) is only up a little over 3%
TORONTO, Oct 21 (Reuters) - Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is...
TORONTO, Oct 21 (Reuters) - The head of Canadian Pacific Railway Ltd, which ended talks to buy CSX Corp this week, said on Tuesday it was unlikely to attempt a hostile deal for the No. 3 U.S....
cuts, trucking would take share rather than lose it. We wrote Monday about CP's indication of the end of merger talks with CSX at this time, but we don't think this is the final word on railroad mergers. Harrison plans to take his message on the benefits
Oct 20 (Reuters) - Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down nearly 3 percent.
Oct 20 (Reuters) - Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy No. 3 U.S. railroad operator CSX Corp .
Canadian Pacific Railway (NYSE: CP ) confirms that exploratory talks with CSX (NYSE: CSX ) have been terminated. No additional talks between the companies are planned. The company plans a conference call tomorrow to talk about the topic of M&A. Post your comment!
indicated on Oct. 20 that it has terminated talks with CSX concerning a merger at this time, but also confirmed ..... on Oct. 12 that CP had discussed a merger with CSX , which rebuffed the offer. On the CSX earnings call on Oct. 15, CEO Michael Ward opined
stocks and SP500 jumped to 70% from 18% in September. The stocks sold for no good reason include GILD, PRU, WLP, NSC, UNP, CSX [rejected overtures from CP ]. Pg 16-17 : Global African Summit begins on Monday. Asia-Pacific finance ministers meet
Earnings season for railroads is in full swing with CSX Corporation (NYSE: CSX ) reporting strong earnings and growth for Q3 2014 ..... Limited (NYSE: CP ) had made an attempt to acquire CSX to create the only transcontinental railroad. The