Rail Consolidation Could ‘meaningfully’ Improve Industry Efficiency, Bill Ackman Says

The war of words over a takeover offer that no one will acknowledge publicly and may never get off the ground continued on Thursday, with Canadian Pacific Railway Ltd. director Bill Ackman saying rail consolidation could “meaningfully” improve industry efficiency. Mr. Ackman’s comments came on the heels of a Wall Street Journal report that CP approached…

Rail consolidation could ‘meaningfully’ improve industry efficiency, Bill Ackman says