roberttosh wrote: ↑Sat Jun 19, 2021 5:23 pm Here's my take on where CSX's interest lies with the Pan Am acquisition.This, plus the theory going around the other Class Is that CSX is buying PAR simply to offset the huge Capital gains they made on the Virginia deal. This is why they have conceded on so many points to get this deal done. BTW The VTR side would be taken care of if PAS’s other owner would go along with what CSX wants to offer.
(1) Forest products
(3) Everything else
gokeefe wrote: ↑Sat Jun 19, 2021 9:06 pm It's not so much a case of one or the other as much as a case of volumes. Paper traffic is down, Kimber of course is probably up quite a bit. But intermodal is simply a monster for them.Paper traffic may not be what it was 20-30 years ago, but I would say that it is still substantial and at minimum has stabilized with the shift away from printing paper to packaging and other growth markets. In addition, the pulp business is very strong, with ND Paper, who is clearly in it for the long term, leading the way. The 4 mills that are left all recently expanded or are planning to expand production with only Jay being down due to the digester explosion, though they too were on an upward trajectory prior to that incident.
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