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[quote]QUOTE: Originally posted by jchoochoo71 THE LATEST RUMORS GOING THROUGH THE GRAPEVINE FROM THE UNION(BROTHERHOOD OF LOCOMOTIVE ENGINEERS) IS THAT UNION PACIFIC JUST SOLD OF A MAJOR TRUCKING ASSET TO HAVE A LARGE AMOUNT OF CASH ON HAND. I HAVE ON A RELIABLE SOURCE THAT THEY ARE LOOKING FOR A THROUGH ROUTE TO THE EAST. NOW WE ALL KNOW THAT CSX'S FIVE YEAR NO SALE MORITORIUM EXPIRED THIS YEAR. TO GOOD TO BE TRUE OR JUST ANOTHER PIPE DREAM. DON'T FORGET HOW THEY SLAMMED THE BRAKES ON CN-BNSF!!!!! [/quote] This is pure roundhouse rumor. CSX has a market cap of $6.5Billion+. UP is doing an IPO for Overnite, its trucking arm will bring about $600Million. In other words up will have less than 10% of the cash it needs to buy CSX from this sale. That's a lot of borrowing. Sorry, but the geniuses of the roundhouse need to head back for their MBAs...lol... LC
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