You must be happy. They are busy killing Christians in Syria and the United States.
CP will survive - it is basically a granger railroad.
THE PROBLEM IS that when grain gets to a specific price point all of the farmers will want to ship a whole year's harvest of corn or soy or canola that week. (Research canola, it is an interesting grain.
A few years ago there was a great discussion on the CN board about building a line from British Columbia to Alaska It would be about 1,500 miles of the toughest line ever built and would probably require assistance from the Canadian & U.S. governments; they won't even discuss it out loud until both governments are strongly pro-business. The cost of living in Alaska would drop 20% nearly over night . Ir would also open iron and gold ore and coal fields in the Yukon, Alaska and B.C.
Who is this fruit cake? Oh, the joys of the IGNORE button
There are still Domestic Containers, there are foreign containers (did I mention containers?)
All kinds of bulk material:
Oil byproducts that can not go by pipeline, including carbon black which is used in making tires and mascara
sand for fracking and making glass
Who told you that the sky is falling? A truck driver?
I was certainly not expecting a 4% drop in confidence. Maybe I am living in an idyllic world;. a few months ago we sold our home in 44 hours and bought the house next to my son's. With the movie studio being built near here homes are being turned into rentals.
Grumpy- The article is from the Wall Street Journal, which I consider the best source of business news. The local Georgia Pacific plant shipped out more box cars of strand board and plywood that it usually does. Today the used home sales are supposed to be reported and Thursday the new home sales are to be reported.
Expect more carloads of cement, sand, gravel, lumber, etc.
Carloads do not count revenue counts. Carloads does not indicate how far the cars are being hauled.
I will take your word for it , .. The container yard in Fairburn is so busy and they keep adding to it. The other day there were 4 container trains coming/going/waiting at the same time.
I thought that a yard near Cincinnati would be more cental
The problem with containers is the narrow profit margin because of intense competition with trucks, while box cars have a much higher capacity than a container.
According to Ludwig Von Mises, companies need three types of individuals in management:
Clarence Gooden, a technologist, a hands on railroad man like Hunter Harrison, has always impressed me more than Oscar, He started with SCL 40 years ago and has really risen through the ranks.
Oscar was a finance man, and because of this he was able to bounce between industries. I think that he loaded the company down with too much debt and at the same time did not provide the company with enough good, fuel efficient motive power. Plus projects like the big container yard in Ohio was too expensive. .
Michael Ward, an entrepreneur, is still there and it appears to me has been a good mentor.
A few years ago,. IIRC, TCI, wanted to buy a big block of stock in CSX. But the first item on the list was that CSX had to cut back on was CAPEX.
This will make for another roller coaster day -wheeee!
Could just mean deferred maintenance on the former Clinchfield. Let trains run through there at 30 instead of 50, it would save a significant amount of money.