• Is CN looking to assimilate the DM&E and IC&E?

  • Discussion relating to the Canadian National, past and present. Also includes discussion of Illinois Central and Grand Trunk Western and other subsidiary roads (including Bessemer & Lake Erie and the Duluth, Missabe & Iron Range Railway). Official site: WWW.CN.CA
Discussion relating to the Canadian National, past and present. Also includes discussion of Illinois Central and Grand Trunk Western and other subsidiary roads (including Bessemer & Lake Erie and the Duluth, Missabe & Iron Range Railway). Official site: WWW.CN.CA

Moderators: Komachi, Ken V

  by route_rock
 
Hi all. Would any of you know if CN has a serious intrest in the Cedar American Rail holdings( IC&E and DME)? Have heard a lot of roundhouse rumors saying that CN wants to buy them. As we all know CN when they want something they usually go out and get it.

  by CN_Hogger
 
I heard something the other day at work that some CN people were out Hi-railing the property.

  by lakeshoredave
 
Yeah I know a guy who works for CN in Canada and he said this rumor has been going around for months.
  by rondav
 
route_rock wrote:Hi all. Would any of you know if CN has a serious intrest in the Cedar American Rail holdings( IC&E and DME)? Have heard a lot of roundhouse rumors saying that CN wants to buy them. As we all know CN when they want something they usually go out and get it.
I have heard that canadian pacific has bought the ice part of DME, expecting announcement next week.

  by lock4244
 
If that's true, I guess it's CP trying to grow to make them less of a take-over target (extra debt, too).

  by lakeshoredave
 
How ironic is it that CP would want to buy back track that they sold before under SOO Line?

  by Ken V
 
Whether the CN buys up the Dakota, Minnesota & Eastern (they can certainly finance the push to the Powder River Basin coal mines) or CP regains the Corn Lines, time will tell. As for CP taking back the IC&E (IMRL), there may be some irony there, but it's not unheard of for a railroad to buy back a line they've previously sold.

  by Otto Vondrak
 
Transactions like these are not kept secret. There are all sorts of public government filings that take place prior to a sale or acquisition. So until you hear it announced, there is no truth to the rumors.

  by CN_Hogger
 
lakeshoredave wrote:How ironic is it that CP would want to buy back track that they sold before under SOO Line?
Just as ironic as the IC buying back the CCP.

Re:

  by NotYou
 
Ken V wrote: Thu Aug 16, 2007 12:46 am Whether the CN buys up the Dakota, Minnesota & Eastern (they can certainly finance the push to the Powder River Basin coal mines) or CP regains the Corn Lines, time will tell. As for CP taking back the IC&E (IMRL), there may be some irony there, but it's not unheard of for a railroad to buy back a line they've previously sold.
Is it ironical CP did buy back the IC&E and the former MILW line -> KC is their sole connection to acquiring KCS?