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Trucking firms are going private - Are railroads next?
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<p>I would like to take you to page 10 of the TRAINS August 2007 issue, entitled <strong><u>Big investor demands staggering rate hikes </u></strong>by Andy Cummings. In this expose, the British hedge fund known as TCI (which has holdings in CSX, UP, and NS) is demanding a 7% rate hike over 5 years to improve stockholder earnings. The crux of the article is that such a staggering rate hike would cause shippers, already in a dark mood over current rail rates/service, to outright mutiny, and I suppose that would lead to even greater pressure on Congress to re-regulate the industry.</p><p>In that vein, do you suppose that the inside stockholders of a Class I might want to go private just to prevent influencial hedge fund holders from really messing things up?</p>
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