CP's Intermodal Business in and out of Philly (and also NJ) has been quite weak as of late. I would say CP is taking maybe 50-100 containers into and 50-100 out of Philadelphia a week. Just a few years ago, you could have mulitplied that number by 5 easiliy. However the freight business to Philly and Freight and Auto business to NJ/Allentown has picked up rather nicely. I can't figure it out for the life of me why the container business is so weak for CP on the east coast ports and seems to be declining. As you mentioned, the business is there. Hamburg-Sud is CP's largest container customer on the east coast, yet not even 1/10 of the Canada bound container business out of the east coast ports is on CP trains. CP has the red carpet layed out for them with the East Coast Ports to Canada traffic, but they don't seem to be making any steps on it... I would hope something is in the works to change this... Maybe with some NS backing something could happen.
I dont know how true it is, but I have heard CSX is giving CP a hard time at Ameriport in Philadelphia. This may have something to do with the declining container business to philly. Again I don't know how true it is, but I have also heard that CP maybe switching to NS's new Navy Yard Intermodal Terminal in Philly. But again I have NO confirmation on either of them, but it has been mentioned on posts on here in the recent past.
Jim Cerulli
I dont know how true it is, but I have heard CSX is giving CP a hard time at Ameriport in Philadelphia. This may have something to do with the declining container business to philly. Again I don't know how true it is, but I have also heard that CP maybe switching to NS's new Navy Yard Intermodal Terminal in Philly. But again I have NO confirmation on either of them, but it has been mentioned on posts on here in the recent past.
Jim Cerulli