SD60MAC9500CP currently handles very little Amtrak. CHI-MILW, and the EB CHI-TC.
There is also the upcoming capacity expansion for the added Amtrak CHI-MSP second train.
blue streak 1 If this happens suspect that Amtrak rating will go from A to D-
If this happens suspect that Amtrak rating will go from A to D-
CP currently handles very little Amtrak. CHI-MILW, and the EB CHI-TC.
See linked story @ www.msn.com/en-us/money/companies/ackman-s-pershing-square-is-back-at-canadian-pacific-this-is-what-could-be-ahead-for-the-railroad/ar-AAUYX09?ocid=winp1taskbar
Found this story on a CNBC site:[by Kenneth Squire[his 'Bio" within story\--"Ackman’s Pershing Square is back at Canadian Pacific. This is what could be ahead for the railroad" ]
FTA:"... They[Pershing Square] developed a plan to replace the CEO with Hunter Harrison, the "Michael Jordan" of railroad CEOs. They fought a long and hard proxy fight with a very high degree of difficulty at the time and ultimately replaced most of the board. Further, the execution of the plan went either as expected or better than expected, creating significant value for shareholders. Pershing Square reluctantly exited this investment with a 153% return in 2016 when the stock was trading at $27.28 per share (split adjusted) due to a slew of redemption requests related to other Pershing Square investments.
Their fingerprints are all over the present company. They have since been watching Canadian Pacific, looking for a good entry point for investment, which never came as the company's stock went almost straight up since then. The opportunity now presented itself in the form of the Canadian Pacific/Kansas City Southern merger. While the acquisition has closed, the merger is still subject to final approval by the Surface Transportation Board, which is expected to be received by the fourth quarter of 2022.
On a standalone basis, Canadian Pacific has been doing very well, with Hunter Harrison mentee Keith Creel at the helm since Harrison's departure. Creel has done, and continues to do, an amazing job growing the company and running it efficiently. Canadian Pacific's merger with KCS will create the only railroad that travels between Mexico, the U.S. and Canada and create opportunities for revenue growth and on the efficiency side. With respect to efficiency, Creel can apply the same discipline he and Hunter Harrison applied at CP to optimize the operations of KCS. ..."
Personally, I had been drawn to stories about E. Hunter Harrison's involvement in things railroad; since I had known his father {M.P.D. Officer "Tank" Harrison, and later, E.H.H. at Memphis State, and on his after-school job, as a shop hostler for Sl-SF's Tennessee yard. (THAT was a ong time ago ! )
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