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Canada's Rail Industry Lays Track for More Crossborder Traffic Feb 00
Standard & Poors, Feb 2000
Abstract
(Editor's note: In the original version of this article, published on Feb. 28, Canadian Pacific Railway Co. Ltd.'s 1999 operating ratio in chart 6 was misstated. A corrected article follows.) Canadian National Railway Co.'s strategic vision of creating a large integrated North American railroad has focused investors' attention on the Canadian rail industry. The company announced in late 1999 that it plans to merge with Burlington Northern Santa Fe Corp., based in Fort Worth, Tex., creating a continent-spanning entity with about 80,000 km of track and revenues of around C$19 billion. The transaction follows Canadian National's 1999 acquisition of control of Illinois Central, which created North America's first binational railroad. Existing provisions in the Canada Transportation Act do not address...
Companies mentioned in this report are: Canadian National Railway Co.,Burlington Northern Santa Fe LLC,Canadian Pacific Railway Co.
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