ProRail wrote: ↑Sat Aug 06, 2022 8:31 am
NS sat on their hands for 10+ years.
Now CSX owns the high revenue generating part of Pan Am. The West End is mostly inbound business. Scrap Metal, Construction Debris and Limestone are not high revenue cargo outbound.
There is also a 4.75 mile tunnel that scares Atlanta and is a high risk. Why buy this part of the railroad and own 100% of the risk when right now you can only be held for a portion of it. Plus should it become a liability the NS already has Plan A or B secured via Voorheesville onto the B&A.
Well, they didn't exactly sit idle, they sunk to the tune of $300M into what turned out to be a terrible investment. They've either been apathetic to what was happening (and not happening) or well aware and unwilling to do anyhting about it. They also bought the D&H South End to further the Northeast expansion but have since gone down to barely any traffic and retiring CTC. All of these things speak to how poorly the railroad has been run since Moorman left.
Now they have a new CEO. They've realized they are now boxed into a corner for traffic in New England. That on top of the fact that CSX is going to charge then an arm and an a**shole for those B&A traffic rights.
So yes, there are some in senior management that wish they would have made a move, or still would make a move now that Billerica is gone. Whether that ever happens....