Sentences with phrase «largest railroad operator»

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.

• 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.

Union Pacific (unp), the largest railroad operator in the U.S., also makes Michael Reckmeyer's «nice» list.

Canadian Pacific Railway Ltd. approached CSX Corp. about a combination that would unite two of North America's largest railroad operators, said people briefed on the matter, as the boom in North American energy reshapes the railroad industry.

Not exact matches

Canadian Pacific Railway Ltd said on Monday it had scrapped efforts to buy Norfolk Southern Corp (nsc), almost six months after it launched its unsolicited $ 28 billion bid for the fourth - largest U.S. railroad operator.

The technologies of railroads inherently gave large operators advantages of efficiency and profitability.

Operating expenses rose 9 percent to C$ 2.16 billion in the quarter as the railroad operator spent more to move larger volumes in harsh winter conditions.

While the largest freight railroads generally have access to investment capital — a record $ 30 billion in 2015 — most intercity passenger and commuter rail operators depend on public funds to pay for or finance infrastructure and equipment.

Incumbent railroad operators already have access to largest markets in North America and maintain the economies of scale needed to price their services at rates that potential new entrants can not match.