CMA CGM launches campaign to take control of Santos Brasil terminals
CMA CGM has embarked on a quest to acquire Brazil’s largest port terminal operator Santos ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
Bill Shuster, a Pennsylvania Republican representative in the US Congress and chairman of the US House transportation and infrastructure committee, yesterday became the latest figure to voice opposition to Canadian Pacific’s bid for a takeover/merger with US railroad and intermodal operator Norfolk Southern. It would appear to be an increasingly doomed attempt on the part of CP to force consolidation in the industry. Two of the country’s rail shippers, UPS and FedEx, also oppose the deal, joining every Democratic congressman and senator from Pennsylvania and Illinois. In a statement, Mr Shuster said the country needed a strong rail freight industry but added: “However, CP’s pursuit of a merger over the last two years has done nothing but create uncertainty in the rail industry, and there continues to be no clear path forward for such an arrangement.”
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