Business News Network (by CTV), 10/18/17:
CP CEO predicts rail consolidation to avoid economic gridlock
CP Rail Chief Executive Officer Keith Creel thinks consolidation will inevitably come to the rail industry in the coming years, as organic growth opportunities grind to a standstill.
In an exclusive broadcast interview on BNN, Creel echoed the sentiments of his mentor, veteran railroader Hunter Harrison, predicting that increasing demand for rail shipments will force firms to band together.
“Inevitably, the thesis is not going to change from a capacity standpoint. The demand for railways, the demand for transportation is going to increase in North America,” he said Wednesday. “You’re not going to build new railroads -- you’re not going to have the ability to do that, so you have to do more with what you have.”
Continue here w/video interview.