cjvrr wrote: And while CSX is an owner of the NYS&W, they aren't the ONLY owner. NS has an equal share, and Mr. Rich is a minority share holder. They lost money because CSX pulled their trains off. In my opinion, there must have been a contract in place.I believe NS and CSX each control 10%, with Mr. Rich owning the rest of the company. A google search of Walter Rich led me to related documents about a week ago.
Chris
The issue of detours will continue for a while, but once significant upgrades on the river line are done, won't they become essentially unnecessary?
If I am Mr. Rich, I am desparately seeing ways to connect with CN, either via the Southern Tier to Buffalo or the Montreal secondary, as a means of securing bridge traffic and access to NYC for one of the big boys. NS and CSX have the chokehold on NYC and CP has access; if Walter can connect to CN, the only other big guy in the East, he can play the role he played in the Conrail years. If not, he's just another regional bridge line with insignificant on-line traffic and not much reason to serve as a bridge to the major players. And if I am NS or CSX, I realize that, have war-gamed the possibilities, and have decided to keep the Tier and Mont. Secondary to prevent such a possibility from happening...