Departing CP Rail CEO, Activist Said to Take Aim at CSX

Hunter Harrison is collaborating with an activist investor to influence management changes in a major U.S. railroad company. The plan involves installing Harrison in a leadership role to drive industry consolidation, as railroads are not expanding their networks. Bloomberg analysts discuss the potential impact on companies like CSX and CP Rail. Harrison has previously attempted mergers with Norfolk Southern and CSX but was unsuccessful.

What is the primary goal of Hunter Harrison teaming up with an activist investor?

• To improve management efficiency

• To reduce the number of trains

• To expand the railroad network

• To increase ticket prices

According to Lee Lasko, what is necessary for growth in the railroad industry?

• Hiring more staff

• Consolidation and efficiency

• Increasing ticket sales

• Building new railroads

What has been a significant challenge for Hunter Harrison in his past attempts at consolidation?

• Regulatory hurdles

• Unsuccessful mergers

• Insufficient funding

• Lack of investor interest

Which company did Hunter Harrison unsuccessfully attempt to merge with while at Canadian Pacific?

• Norfolk Southern

• BNSF Railway

• Union Pacific

• Amtrak

What is a key reason for the lack of growth in the railroad industry, according to the transcript?

• Competition from airlines

• High operational costs

• Limited expansion of the network

• Decreasing demand for rail transport