Canadian Pacific approached CSX about deal while pursuing NS

Staff Writer
Columbus CEO

OMAHA, Neb. (AP) — Canadian Pacific approached CSX railroad about a possible merger earlier this year while it continued to pursue its proposed takeover of rival Norfolk Southern.

Canadian Pacific spokesman Martin Cej confirmed the railroad's interest in CSX. The latest overture to the Jacksonville, Florida, railroad was first reported by The Wall Street Journal.

Canadian Pacific first contacted CSX in the fall of 2014 about a potential deal and was rejected.

Canadian Pacific CEO Hunter Harrison says his railroad remains committed to its roughly $30 billion bid for Norfolk Southern, which is based in Norfolk, Virginia.

But Harrison says he sees significant potential benefits in a deal with either Norfolk Southern or CSX, which both operate in the eastern United States.

Officials with CSX and Norfolk Southern railroads both declined to comment.