• Ferrocarril Mexicano, Mexico's largest
railroad operator, is close to reaching a deal to acquire Florida East Coast Railway, a Jacksonville, Fla. -
based rail system
operator, for more than $ 2 billion, including debt, according to Reuters.
Calgary -
based CP, Canada's second - largest
railroad operator, launched its takeover bid for Norfolk Southern in mid-November, touting potential savings of more than $ 1.8 billion annually.