OTTAWA -- The terrorist attacks and the recession turned many
companies into zombies in the fall, according to an editorial in the
Globe and Mail.
Ambitious strategic plans were either put on
hold or cancelled, leaving corporate bosses to daydream only about
empire building. With Osama on the run and signs that the worst of
the recession may be already behind us, companies everywhere will
make up for lost time this year.
Herewith my predictions for
2002, with special emphasis on transportation.
Transportation
octopus: The octopus is Canadian National Railway, run by Paul
Tellier, the CEO who shows no signs of fading even though 2002 marks
his 10th year on the job.
In spite of two big acquisitions in
the United States, there are still a few holes in his portfolio. He
needs greater access to the U.S. West, New England and, eventually,
Mexico, to complete his goal of becoming a trans-NAFTA
transportation logistics company.
Watch CN make another
acquisition this year. The big question is whether he could get
permission to buy the newly independent Canadian Pacific. The
chances are against CN, but a deal that sees it pick up only CP's
eastern franchise might fly. In the next year, CP will have to
decide whether it wants to be a buyer or a seller. The latter is
more likely.