A Rare Class-1 Rail CEO Gathering ...
A rare trio spoke in August before an important annual professional gathering that represents all transport modes: Three leading Class-1 CEOs – BNSF’s Matt Rose, Kansas City Southern’s Mike Haverty, and Norfolk Southern’s Wick Moorman – spoke at a forum called “Balanced Regulation & Freight Railroads"...
Fri, Sep 25 2009
Is KCS buyable, and by who?
It’s silly time on Wall Street again. Bloomberg Businessweek calls Kansas City Southern, North America’s smallest Class I railroad, both alluring and expensive to acquire. It then goes on to explain which larger railroads may find it attractive. Among securities analysts surveyed by the publication...
Tue, May 21 2013
KCS Part II: The minnow can swallow a whale
In a response to my last blog, D.Carlton this morning jolted me wide awake. He said, in regard to which railroad might buy Kansas City Southern: “You have it backwards. The question is: Who is KCS going to buy?” Damn! That Mrs. Carlton sure raised a smart boy. In essence, what D. is saying...
Wed, May 22 2013
Simple pleasures remembered
I miss and wish I could recreate in my life today the excitement I felt as a sixth grader at the sight or even the sound of a train. Come with me back almost 60 years, to Sulphur Springs, a town of 9,000 or so in northeast Texas that was lucky to be visited by the Dallas branches of both Kansas City...
Wed, Jan 15 2014
The railroad that cannot be bought
In journalism we call it a slow news day, and at such times we try to think of anything we can write about. I don’t know the term securities analysts use on these occasions, but it obviously was such a day last week for two Canadian analysts, who suggested in separate notes to clients that Canadian...
Thu, Mar 6 2014
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