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Canadian Pacific News Summary 1980 June 13 U.S. railways propose giant merger
Canadian Pacific News Summary 1980 June 13
10 pages
Contents
Railway 3
Shipping 7
Business & Finance 9
Aviation 5
Energy8
U.S. railways propose giant mergerThe on-off romance of the Norfolk & Western and Southern railways is on again. Competition is forcing them to the altar for a merger totaling $2 billion in stock. If their North-South union comes off this time, it would likely mark the last giant rail merger for many years.Page 3
CP Air plans to take on Air CanadaCP Air of Vancouver plans to take on Air Canada directly in a fight for a share of traffic in the so-called golden triangle routes between Toronto, Ottawa and Montreal. It will be like Daniel entering the lion's den -the three-city route, which has more than 1.5 million passengers annually, has always been considered Air Canada's private preserve.Page 5
Toronto port slumpThe Port of Toronto is languishing in the doldrums and the cause, according to whichever side of the firing line you are on, is either bad management under a board of commissioners ignorant of the requirements of modern shipping or drastic changes in shipping techniques that have simply passed Toronto by.Page 8
Cheap energy policy threat to efficiencyA public opinion survey earlier this month showed 55 per cent of a sample of Canadians believe domestic oil prices should be held below the world level. The finding is hardly surprising, says a leading business columnist.Page 8
Trends and TopicsThe success of CP's SkyBus concept in its first year of operation might lead the airline to consider offering three levels of service on all its domestic flights - first class, economy and no frills.Page 7
The Canadian Transport Commission says federally chartered railways lost $250.7 million in 1978 from passenger services, but received $204.2 million in federal subsidies.Page 4
The Canadian airline industry is, as they say, highly cyclical. It can be gloriously profitable or it can lose money in wrenching quantities. It is one of the first industries to feel an economic upturn - or an economic downturn.Page 5
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