RUMORS !!!!!!!!! csx / ns / up / bnsf / cp

[Anonymous]

I dont know if this topic has been started before but I thought I would try.

This is just in good fun, so feel free to post anything ya hear.

Yesterday was told that the CSX Columbus Line was going to be abandonded.

Heard the Bnsf was Lookiong at buying the ft. wayne line. Then some one mentioned that, Yes they were looking at the ft.wayn line and also looking at
Conway yard all the way to altoona.

[JoeKoh]

there have been alot of diffrent rumors.we just have to wait and see.
stay safe
Joe

[rrnut282]

Interesting. Would CSX keep the Decatur Secondary or sell it with the Ft Wayne Line? The Central Soya elevator/plant in Decatur ships about 100 cars a day. I would think that would be enough for CSX to keep it. Besides NS owned the Ft Wayne Line (west of Ft Wayne) prior to the Conrail split and I think they have first right to re-purchase it, although NS doesn't need to double track the NKP to Chicago now that they have the Water Level Route.

Somebody else will have to comment about the Columbus line.

[JoeKoh]

the van wert line needs alot of work(old prr) but CSX really needs the old nyc line through columbus and points west because they tore up the old b&o in southern indiana and illinois.
stay safe
joe

[Anonymous]

QUOTE: [i]
Heard the Bnsf was Lookiong at buying the ft. wayne line. Then some one mentioned that, Yes they were looking at the ft.wayn line and also looking at
Conway yard all the way to altoona.

WOW!![:0] So much for mergers. Just buy your way to the East Coast. Sound just like my company!!

[Anonymous]

csx_dispatcher

I am in conductor school right now and I will be going to OJT in Jacksonville in Feb and then to Danville, IL the week after to start cubbing. Do you know any details about my location? I'll be working the woodland suddivison.

[ValleyX]

Rumors, Rumors, Rumors. Will it ever end. I remember when the Santa Fe was going to buy the Cloverleaf from E. St. Louis all the way to Toledo from the N&W. Oh yeah. Toledo? Then where? Kind of like Altoona, THEN WHERE?

The Columbus Line, I assume we're talking about the C&O, where is the coal going to go from out of the south, via Cincy and up the B&O to Toledo?

I like rumors with just a little hint of believability to them. ;-)

[CShaveRR]

I'll never forget when the Rock Island went bankrupt...one of my fellow C&NW workers let out with a loud "Woo-Hoo!" He already had the whole railroad merged into CNW, and was looking forward to exercising his seniority in Texas!

[kenneo]

Hmmmm, CNW + CRIP = CNSW. Now, if they could get a line to the east we would have the NEWS.

Never mind.

[Anonymous]

Freight railroading today is, by it's very nature, an extremely low profit margin industry (rather like supermarkets); therefore, it is highly improbable that any major railroad would part with a huge chunk of scarce capital (dollars) to just buy ONE mainline segment from another railroad, rather than the much more customary tactic of simply orchestrating an outright merger, which tends to minimize actual cash outlays in favor of a paper (stock) swap among old and new stockholders.
Among stock analysts, the much more believable scuttlebutt is to watch for BNSF to finally make a play for KCS within one year of Mike Haverty's finally clearing up the last of the legal and negotiating roadblocks currently delaying the consummation of the KCS + TFM deal. Also look for cash-rich CN to eventually make a play for poorly-managed CSX and to wring much additional profit from same. Within 5 to 10 years after that, look for a reconstituted BNSF + CN merger. Over this same approximate time frame, eventually look for some sort of "domino" mergers between the UP + CP + NS + Guilford + FEC + FerroMex in an order yet to be determined. We will finally wind up with two super-efficient continent wide rail systems that should be able to squeeze their operating ratios down to around 45 to 50 percent, and FINALLY earn the cost of capital needed to maintain their respective infrastructures, WITHOUT having to cannibalize themselves (such as the old SP, Rock Island, Milwaukee Road, and PennCentral systems). Wall Street is definitely pushing HARD for this sort of scenario to happen!

Sincerely, Ross R. Moore, Jr.

[Anonymous]

QUOTE: Originally posted by rossrobertmoorejr
We will finally wind up with two super-efficient continent wide rail systems that should be able to squeeze their operating ratios down to around 45 to 50 percent, and FINALLY earn the cost of capital needed to maintain their respective infrastructures, WITHOUT having to cannibalize themselves (such as the old SP, Rock Island, Milwaukee Road, and PennCentral systems). Wall Street is definitely pushing HARD for this sort of scenario to happen!

Sincerely, Ross R. Moore, Jr.

And the Cubs will win the World Series. Ross welcome to the forums. [:)]

[swknox]

QUOTE: Originally posted by talbanese

QUOTE: Originally posted by rossrobertmoorejr
We will finally wind up with two super-efficient continent wide rail systems that should be able to squeeze their operating ratios down to around 45 to 50 percent, and FINALLY earn the cost of capital needed to maintain their respective infrastructures, WITHOUT having to cannibalize themselves (such as the old SP, Rock Island, Milwaukee Road, and PennCentral systems). Wall Street is definitely pushing HARD for this sort of scenario to happen!

Sincerely, Ross R. Moore, Jr.

And the Cubs will win the World Series. Ross welcome to the forums. [:)]

And the Eagles will actually win a NFC championship a go to the SUPER BOWL[#ditto]

[Anonymous]

Don't put too much faith in rumors. Give me facts any day...

LC

[Anonymous]

Well this could be a rumor full year

[UPTRAIN]

I'd never have any free time if I posted every rumor I hear!!!!!!!!! [:D]

[Anonymous]

Actually, some of you folks might be rather entertained by looking up which major institutional investors (Financial companies and venture capitalists) own double-digit percentages of stock in each of the major railroads. This will give you a very hefty clue as to why certain analysts are making the educated guesses that I listed in my previous post.
For example, Allegany Corporation (sp?) and First Alliance Financial each own major percentages of stock in both BNSF, CSX, CN, and KCS. Said railroads also have numerous voluntary coordination agreements (VCA's) amongst one another, and CN and CSX just announced that they will be integrating and meshing their electronic on-line sales and marketing efforts. Similarly, BNSF, CSX, CN, and KCS are each partners in a pooled intermodal container service called North American Container Service.
Similarly, several major institutional investors have overlapping stock holdings in both UP, CP, and NS. NS is currently negotiating with UP to bring UP on board as a partner in their Thoroughbred Services Triple-Crown Road-Railer operations, similar to existing agreements between NS and CP. UP, CP, and NS are also partners in the EMP pooled container service.

Best Regards from Ross R. Moore, Jr. in Southern California.

[espeefoamer]

[:)]Just remember:BNSF stands for Buy Norfolk Southern Fast![;)]

[UPTRAIN]

And NS stands for NO SALE!!!!!! I just don't see that happening.

[jeaton]

Ross-Nice insight. No one should doubt that this stuff is on the minds of the directors and senior managers of the railroads, as well as the big investors I'd just wonder if those operating ratios might be a little optomistic. Granted, there would be efficiencies from the mergers, but even with just two railroads, it seems to me that competition from other modes would still be a force limiting revenue generation.

In a lighter vein, anybody have an idea on the names or abreviations of potentially merged carriers? CSXUP? NSBNSF? Every shippers nightmare, lines going through Youngstown, Ohio and south with the UP.[:-,][:-^]

[Anonymous]

These big mergers just invite reregulation. Somewhere along this road I see problems coming, especially with the likelihood of additional major service meltdowns with each successive merger.

LC

[jeaton]

LC. Not with the present Administration.

B(NSF) In bankruptcy.

[Anonymous]

If NS could say goodbye to BNSF, I would be so excited. Of course, this may never happen.