Word: freights
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QUOTE OF NOTE: "We must restore New York's port, rebuild its decaying infrastructure and complete the missing links in its freight-distribution network...if New York is to prosper...
PHILADELPHIA: CSX Corp. agreed to buy Conrail in a $8.4 billion deal that would form the nation's third-largest freight company. The new company will control some 29,645 miles of track serving most of the eastern U.S. The deal was cut as part of a push by CSX to stay competitive with rivals Burlington Northern and Union Pacific, both of which merged with rail systems in the past two years. Burlington Northern bought Santa Fe in 1995, while Union Pacific merged with Southern Pacific earlier this year. Each control over 30,000 miles of track. The news pushed...
...vision of media goliaths creating proprietary content slanted toward proprietary programming and delivered to customers over proprietary pipelines. This, of course, is the antithesis of today's chaotic, freewheeling, radically democratized Internet. Oh, well. Information may want to be free, but it's the companies that are paying its freight that will have the final word...
...ponder New York City all day without associating it with Thomas Wolfe, and San Francisco for a month without thinking of Tony Bennett, but Chicago is the Hog Butcher and "player with railroads and nation's freight handler." Though the trains don't run, and though the hogs are gone...
...claims that the merger of Union Pacific and Southern Pacific would force out competition in the 25 states the two railroads serve. With the completion of the deal, just two railroads, the combined UP-FP and the Burlington Northern-Santa Fe, will control more than 90 percent of all freight traffic west of the Mississippi. Several smaller railroads had opposed the merger, and federal regulators had called the deal "the most anti-competitive rail merger in our history." But Union Pacific lawyers successfully argued that the deal would result in greater efficiencies of scale and improved service. "The fear...