csx looking to buy Pan Am

[mu26aeh]

https://trn.trains.com/news/news-wire/2020/11/09-csx-seeks-to-buy-new-england-regional-pan-am-railways?fbclid=IwAR0rKeSvXA0lecOIooaR6iq27nQChNQL8KTd0GAEpYlD2lrgR723XDtcMis

[Ed Kapuscinski]

I can't see this as anything other than a big F U to NS.

[wazzou]

https://www.railwayage.com/regulatory/csx-wants-pan-am-ns-says-not-so-fast/

[davefoxx]

Maybe CSX ought to work on its own problems before inviting other problems from growth.

DFF

[Tristan Ashcroft]

So what if their purchase is actually approved?  How does this help them?

[StarCruiser]

This is typical corporate "gotta keep growing" B.S. and nothing more...

It will not help CSX, nor would it help NS either. All companies have gotten addicted to the idea that they must always be growing to make Wall Street happy. Of course, this is actually Wall Street's fault for being incredibly stupidly addicted to that idea themselves.

Off of my soap box for now - but, truth is truth.

[Tristan Ashcroft]

This is typical corporate "gotta keep growing" B.S. and nothing more...

It will not help CSX, nor would it help NS either. All companies have gotten addicted to the idea that they must always be growing to make Wall Street happy. Of course, this is actually Wall Street's fault for being incredibly stupidly addicted to that idea themselves.

Off of my soap box for now - but, truth is truth.

Well, an infinite growth model on a finite planet does have a fundamental flaw...

[CRL]

Growth for publicly traded corporations is a defensive position. The larger the parent company, the chance of a hostile takeover is reduced.

[Mark5]

Growth for publicly traded corporations is a defensive position.

Sometimes true. Then there was all that leveraged "growth" a few years back ... 

[StarCruiser]

I've worked for two companies that tried growing through acquisitions - both had major issues due to excessive growth.

One bought out several other companies, and then couldn't properly manage those buyouts - and/or the products those companies brought into the mix. The other, actually 'merged' with the first and then had to break itself up some years later as they also couldn't manage the rapid growth correctly...

There are lots of public and privately held companies that haven't tried that and are still doing fine. There are far more that have and are either in various financial trouble or - don't even exist anymore.

Sorry, greed is NOT good, it's wasteful and often destructive...

[Lenny53]

So the Pa Am Southern would come under CSX control over NS running rights (via Springfield Terminal) while competing with CSX's B+A line.  Totally see why NS is sqawking but have they bothered to bid themselves?

[sd45elect2000]

I've worked for two companies that tried growing through acquisitions - both had major issues due to excessive growth.

One bought out several other companies, and then couldn't properly manage those buyouts - and/or the products those companies brought into the mix. The other, actually 'merged' with the first and then had to break itself up some years later as they also couldn't manage the rapid growth correctly...

There are lots of public and privately held companies that haven't tried that and are still doing fine. There are far more that have and are either in various financial trouble or - don't even exist anymore.

Sorry, greed is NOT good, it's wasteful and often destructive...

Wall Street makes companies do stupid things

[Ed Kapuscinski]

Wall Street makes companies do stupid things

It's easy to blame Wall Street, but remember, much of Wall St is trading on everyday people's behalves. Every 401k, every IRA, almost everyone's retirement savings is tied to this type of shenanigans.

I totally agree, BTW, but it's much easier to blame the boogeyman of Wall St instead of the millions of individual investors that "Wall St" represents.

We have met the enemy, and they are us.

[misiek]

Nice.
Old CSX diesels sold to Panam will be again CSX?

[davefoxx]

Nice.
Old CSX diesels sold to Panam will be again CSX?

"If you love something, set it free.  If it comes back, it's yours!"

DFF