Look at a UP map, The Union Pacific does not reach the Bakken field. However, it does pass on the pipelines that will be used, fracking sand when production picks up and refinery components when they are built.
I have not seen any news about this on CSX's board.
Georgia is encouraging the setting up a series of container yards with rail connection to Savannah. The intention is to speed up deliveries and get traffic off the roads. It also means that there is a location for empty container storage. The first such inland port is in Cordele, and serviced by the Heart Of Georgia and Georgia Central railroads.It started off slowly, but traffic is quite heavy now. CSX is going to link into the Cordele yard, giving quick rail access to the ports of Jacksonville and Miami,
Now they are going to open a similar port on the south side of Chattanooga in Bartow county. This will help the VW plant and the carpet plants in that area.
Canadian Pacific Railway Ltd. lifted the veil on Chairman Gary Colter’s resignation, saying he stepped down after he and another director triggered an errant news release on the departure of another board member.
The exits of Colter and Director Krystyna Hoeg, who led the nominating and governance committee, were both announced early Tuesday. Hours later, Canadian Pacific put out a statement “in response to questions from investors and to address inaccurate speculation.”
Director Stephen Tobias told Colter on July 3 that he was ready to leave at a date set by the board, Canadian Pacific said. Colter and Hoeg then spurred an announcement that Tobias had left as of June 29, but without consulting the board or seeking action on Tobias’s resignation, the railroad said Tuesday. That error has been corrected, the carrier said.
“Mr. Colter and Ms. Hoeg offered to resign in light of how this issue was handled,” Calgary-based Canadian Pacific said. “The board unanimously accepted their resignations.”
Because Tobias was a continuing director through June 30 and with a majority of the board being U.S. citizens, Canadian Pacific is no longer eligible for the so-called foreign private issuer exemption from the U.S. Securities and Exchange Commission, Canadian Pacific said.
I have a thought on net income -the effective tax rate for the year for UP is 37.9%. the effective tax rate on the Canadian Pacific to move the same goods is about 20%. What would it take to get Washington to lower the corporate income tax in this country to be competitive with other countries?
Looks like container traffic on the east coast ports are picking up. The reasons given in the article state that Chinese shipments are now going through the Suez canal, but I wonder if it has also to do with increased manufacturing in South-East Asian countries.
Google ."Supply Chains Shift from Pacific to Atlantic Ports"
Did some research for a friend of mine; he wants to move his business out of Philadelphia to a location that is more business friendly. Out of 100 locations to have a business Florida cities ranked 7 out of the top 10. Why? because of the heritage of Jeb Bush. Now I know, Steve, that you are a Democrat and just want to live off of the government dole, but there are honest hardworking people looking for work. A new company should be moving to Crestview area in the next year.
BUT there is a grain of truth here. You will want to be looking for a President that brings new industries to the area where CSX is located, to generate a) more carloads and b) longer haul for each carload. I spent the few days traveling through Georgia and Alabama. What did I see? A lot of farmland that is not used for anything but growing weeds - this is because the USDA pays people not to grow crops. There was a lot of land growing pines for paper or lumber - this generates carloads every 25 years. I saw peanuts, soy, corn, cotton, dairy and beef cattle (which travel by truck) and chickens. I know chickens because I designed computer software to bring in soy and corn by trains and barges to feed them. I saw the KIA plant and about 15 companies that are providing parts for that plant, several with rail sidings on the CSX, bringing in sheet steel and shipping completed cars. I am suggesting that you look for a Presidential candidate that puts us back looking growth in industry. You might want to read a book titled "The Poverty of Nations".
Google " CSX curfew map". and look at the latest map.
How many different routes are there between Louisville and Jacksonville? Remember that several routes are over the Appalachians - via Chattanooga requires a pusher engine because the grade is so steep.
How many CP main lines connect Toronto to Vancouver?
The talent here in Atlanta is excellent. I have worked here for 30 years, including doing some consulting for IBM, testing software for manufacturing applications. I have 2 son-in-laws who are graduates of Georgia Tech, and they climbed fast in industry. One of my daughters and a niece studied at Georgia Tech, they have their Doctorates in Medicine.