by trainiac
The more I've been looking into it, the more I'm feeling that sale of the SLR is unlikely. The best comparison is with the HCRY - which G&W DID plan on abandoning. Here's the way I see it:
HCRY never made a profit for G&W, so their tracks fell into disrepair. They have since received federal and provincial funding, which will allow them to bring track speed from 10 to 25 mph. They rely on two shippers for 80% of their freight.
Several sources I've been able to find state that the SLR has consistently made a profit. They are in the process of upgrading tracks to handle 286k carloads, with existing track speeds already at 25 to 40 mph. Federal and provincial governments have committed funding towards these upgrades.
G&W for now has committed to keeping the HCRY running despite the challenges it faces. It would make no sense for them to drop a more profitable railroad with a better infrastructure.
(some information taken from the following:)
http://www.saultthisweek.com/ArticleDis ... ?e=2788088
HCRY never made a profit for G&W, so their tracks fell into disrepair. They have since received federal and provincial funding, which will allow them to bring track speed from 10 to 25 mph. They rely on two shippers for 80% of their freight.
Several sources I've been able to find state that the SLR has consistently made a profit. They are in the process of upgrading tracks to handle 286k carloads, with existing track speeds already at 25 to 40 mph. Federal and provincial governments have committed funding towards these upgrades.
G&W for now has committed to keeping the HCRY running despite the challenges it faces. It would make no sense for them to drop a more profitable railroad with a better infrastructure.
(some information taken from the following:)
http://www.saultthisweek.com/ArticleDis ... ?e=2788088
--Michael Eby
--http://trainiax.net
--http://trainiax.net