Eff 'em all.
Start up a gigantic trucking company, transferring CP rail freight somewhere like Memphis for all points east.
Call it "Free Enterprise Services".
Flood the U.S. interstates with more trucks, some of 'em carrying crude oil , phosphoric acid, chlorine.....all those nasty things that politicians never heard of.
As a shareholder, I don't care if CP loses a fortune on the service. 100% serious.
"...Norfolk Southern recruited federal and state lawmakers, shippers and railroad operators to write letters to the U.S. Surface Transportation Board in opposition to any proposed deal -- even though a formal evaluation process hasn’t even begun...."
And just guess what group didn't get mentioned ?
Hint: You may be one of them.
Your call is important to us. Please stay on the line, while senior management focuses on its anti-trust activities.
And that's why you strive for efficiency. Being able to adjust to rapidly plummeting volumes, to keep your operating profit margin at 40+ % is where truly great management, with a great plan, stands out.
All the pretenders thought they were business geniuses when volumes spiked, commodities were all golden, and gasoline prices made trucking expensive.
Well guess what? That's over. Now you have to earn it.
You have to do the job of blocking and tackling in the trenches to spring the runner. Your uniform gets dirty.
And you better all know what the he!! the play is.
A 59.8 OR in this climate is nothing short of incredible. Can't wait to see what CN did.
Employees want their jobs to be more secure? Well THAT'S how you do it. By delivering the goods.
BTW, Matt 'Sollozo' Rose..,,here's the limitation on what you can discuss: NOTHING.
What you call 'discussions'...coordinating a reaction by competitors....is defined as collusion.
Where did you find lawyers who advised you different? The old cast of Boston Legal?
"We're limited on what we can discuss, which is why we had inside lawyers, outside lawyers and outside lawyer consultants," BNSF chairman Matt Rose told Reuters last Thursday.
Sounds perfectly reasonable. The same as bringing along a hitman each to ensure there's no shooting.
When an oligopolistic industry overtly colludes, through deliberate, formal negotiations among its participants, to prevent or interfere with the legal, competitive business activities of another member, that is the precise definition of anti-trust. Anti-trust is as serious as corporate law gets.
I believe the chances of this deal getting past the STB, already higher than most 'experts' thought, have now increased significantly. Previously brazen corrupt politicians and bureaucrats will now be very fearful of being seen as corrupt.
The outcome of this will be the decision of NSC shareholders. And I like those odds.
".....The U.S. railroads met late last year in the presence of lawyers, saying they merely discussed a merger's impact on the industry. "
The families brought their consiglieres to a secret meeting to discuss how to stop a competitor's legal business dealings.
But you know.....whenever I want to have a harmless little chat about how things are going with some business peers, I bring my lawyer along. We all do. Doesn't everyone?
No. That would be your 'smoking gun'.
I'm sure at least Warren "Hyman Roth" Buffett was smart enough not to attend.
If they can block a perfectly safe, legal and rightful industrial project like Keystone, after being party to a formal free trade agreement, they're dangerous enough to do anything.
And railways have even less public popularity than pipelines, so that's not a help.
But these decisions inform the public of the bald truth about their country.
Whether the United States is a country of laws, and the society of capitalism and free enterprise per its own mythology,
or just another banana republic of corrupt despots, with the leaders wearing suits instead of military uniforms.
...I do believe the DOJ might soon want to speak with you, Herr Fritz.....and if it goes for you like it did for Frankie Pentangeli, that's not good, fella.
If they thought they could intimidate CP into giving up, they really read that one badly.
And now they've opened up a can of whoopass on themselves that will either show the rail industry to be engaging in anti-trust activity, or the DOJ to be corrupt.
Rail is finally going the way of Ma Bell....or Mob Hell.
Suncor is in the oil business. They're paying in all stock, no cash.
If this is the "worst thing they've ever done", it will be because oil is permanently worthless, in which case this is all completely irrelevant.
COS' bankers finally told them to quit being RRRSholes and get out of Dodge City. Because, like many others in the energy space are finding out, the banks are reducing credit lines and calling in the excess borrowing amounts. Translation: Your days as valued client are over. You're one of a new, growing pile of significant Problem Accounts.
Suncor has long-standing relationships with all the same lenders, and made the token raise more to help out the banks in their own mounting crisis.
That the COS rubes will now trumpet this as a huge win on its part will land with a thud for anyone with a clue.
0.25 SU is an egregious insult on Friday......but 0.28 SU is unanimously cheered on Monday.
They had shareholders play Russian Roulette....over 90 cents. And the golden handshakes they bargained for themselves.