Paul_D_North_Jr. Another ill omen for this cockamamie scheme . . . - Paul North.
Another ill omen for this cockamamie scheme . . .
- Paul North.
From the linked article: "Neither CP’s hearing testimony nor its Sept. 17 fall peak response contained the level of detail necessary for the Board to fully assess CP’s plans for resolving its service problems or responding to the fall service demand."
Yeah - the STB isn't going to be satisfied by mere vague assurances and promises - they too want specific details on how operations are going to be improved this year, and CP's response is lacking (to say the least). Reading through the list of detailed requests seems to presage a trial by ordeal for CP on these issues - I would not want to be in their shoes. A good way to NOT impress people whose cooperation is needed - so I'd say any merger plans are in jeopardy of very tough scrutiny.
Apparenntly Michael Ward of CSX said much the same during an earnings conference call with analysts yesterday (Oct. 15th), per an article on page B-3 of today's (Thurs., 16 Oct. 2014) Wall Street Journal. Paraphrasing in brief: 1) Past mergers have led to service meltdowns; so 2) the regulators are going to be very cautious / very tough in their review and implementation to prevent that from happening again.
CP tried to muddy waters by sending aa letter that did not answer STB. STB is now after EHH ?
http://www.railwayage.com/index.php/regulatory/stb-asks-cp-to-clear-ambiguities”.html?channel=40
EDIT: Also CSX seems vague ?
RR responses to STB letters on how to break the log jams both freight and passenger.
http://www.stb.dot.gov/peakletters1.nsf
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