Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Harrison Wants Canadian Railways to Collaborate More, Globe Says

Don't Miss Out —
Follow us on:

Jan. 14 (Bloomberg) -- Hunter Harrison, who is William Ackman’s pick to lead Canadian Pacific Railway Ltd., wants the company to step up collaboration with Canadian National Railway Co., the Globe and Mail reported.

Harrison, Canadian National’s former chief executive officer, would like the companies to work together in some rail corridors to cut bottlenecks and move goods more efficiently, the Globe said. About 25 percent of Canadian Pacific’s network overlaps with that of Canadian National, the newspaper said.

Canada’s two largest railways have discussed cooperation in the past, but “there were a lot of things left on the table,” the Globe cited Harrison as saying in an interview this week.

Ackman, the founder of New York-based Pershing Square Capital Management LP, has put naming Harrison as CEO at the center of his turnaround plan for the railroad.

To contact the reporter for this story: Frederic Tomesco in Montreal at tomesco@bloomberg.net.

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.