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Canadian Pacific News Summary 1980 May 30 U.S. super-merger faces federal scruti
Canadian Pacific News Summary 1980 May 30
12 pages
Contents
Railway 3
Aviation 6
Shipping 8
Telecommunications 9
Energy10
Business & Finance 10
U.S. super-merger faces federal scrutinySanta Fe Industries' plan to acquire Southern Pacific for securities currently valued at about $1.2 billion would revamp the U.S. railroad structure west of the Mississippi. However, a Washington official who would have to approve it said such a union would raise "anticompetitive" questions. Santa Fe and Southern Pacific, fierce rivals since the 1880s, deny the assertion.Page 4
CP Air keeps it plain and simpleMore than 500 experienced air travellers between the ages of six and 14 have given CP Air a pointed meal message - "keep it plain and simple". The children, all members of CP Air families in Vancouver and Toronto, participated in a survey by the airline to help determine what food should be served on planes.Page 6
Air Canada loss set at $5 millionRising costs have been blamed for Air Canada's $5 million loss in the first three months of this year, compared with a profit of $3.6 million in the similar period last year. The nationally owned carrier warned higher fares will be needed to cover further expected cost increases. Rising fuel prices were cited as a major factor in higher operating costs.Page 6
Trade patterns force modified policiesDynamic forces at play in international trading patterns may force Canada to modify its reliance on foreign shipping to carry imports and exports, says federal Transport Minister Jean-Luc Pepin. The minister says, however, he is not yet in a position to present a new marine policy.Page 8
Trends and TopicsThe joining of the country's two largest cablevision companies would create a strong national firm that would be a unifying force in Canada, the Canadian Radio-television and Telecommunications Commission has been told.Page 9
Calgary-based Fording Coal Ltd.'s vice-president, Zen Kolisnk, nas announced that construction of a $2 billion coal-fired generating plant, to be located somewhere near the 12,000-acre Heatburg coal field, could begin as early as 1984.Page 10
A "merger wave" that has swamped anti-combines investigators has led to new government interest in policing mergers and monopolies - and the dormant Competition Act is a priority again, say government spokesmen.Page 11
AppendedThe railway research challenges of the next decade, and the need for a co-operative approach to them, was the subject of a recent presentation by Peter Detmold, Chairman, Railway Advisory Committee. His text is appended.
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