How Soon We Forget What Might Have Been

berea-october-9-x

It was about this time a year ago that E. Hunter Harrison and Canadian Pacific were making a play to acquire Norfolk Southern.

Harrison came at NS hard, but came up short. The NS board of directors opposed the merger and Harrison ran into a buzz saw of opposition from shippers, labor unions and political figures.

The time was not ripe to institute what some see coming as the final round of Class 1 mergers in North America.

Since failing to acquire NS, Harrison has retired (again) and the financier Bill Ackman of Pershing Square Capital has also left the CP board.

Now Harrison has teamed up with hedge fund Mantle Ridge to try to shakeup CSX management and install Harrison  as CEO.

While railfanning in Berea back in November I photographed a CP unit trailing on a westbound NS train as a reminder of what might have been had Harrison prevailed.

Article and Photograph by Craig Sanders

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