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GATX Corp. Message Board

  • flatlander_60048 flatlander_60048 Dec 28, 2009 2:29 PM Flag

    Sanitary Ship Canal Closure trade

    Anyone on this board have an Idea of how to trade the potential closure of the Sanitary Ship Canal in Chicago. With Minn joining Michigan in the lawsuit to close the canal to stop the advance of the Asian carp, I think the probability is increasing that bulk goods shipment into the Chicago area on the Canal may be curtailed. I'm sure the primary beneficiary are the trucking industry and the Indian Harbor RR (which unfortunately is not publicly traded).

    The CN and the UP may benefit slightly however, they are too big to see much of an impact. Any thoughts?


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