by Gilbert B Norman
johnpbarlow wrote: ↑Sat Oct 03, 2020 6:32 am So I guess the question is how much more do NS, CP, and especially CN want to spend acquiring a class 2 US RR that claims to be profitable but operates a franchise with limited economic potential and will require much capital investment going forward?Mr. Barlow, I think you identified "what it's all about".
Timmy just wants his loot to buy an Ambassadorship in a Trump second term (and for all we kmow has hedged his bets with Biden); the investment companies envision a pile of $$$ with which to chase the next "startup", and to them what's left of the road will be a string of new Short Lines serving an on-line industry to an interchange with a Class I such as SOO/CP-M or Chessie/B&A.
PAR must be sold to a Class I that first has the capacity and, second, the will to rebuild to at least FRA Class 3. This acquiring road will need see how PAR can be integrated into their system to generate profitable line hauls from NB and ME - especially with the underused maritime ports up that way (Searsport? guess SOO/CP-M kind of owns that one, but Saint John and Portland "cry out" for decent rail service).
Possibly my "vision" of the BNSF Chicago Sub running by my home, is not realistic, but failing that or something in that league, PAR will simply become an insurance company (PC), a vacuum cleaner company (RI), an asphalt paving company (MILW), or a "startup".
Considering the ready integration into an existing system, and the STB's doctrine of competitive rail, that is why I still clutch my $2 ticket on Topper.
Last edited by Gilbert B Norman on Tue Oct 06, 2020 7:52 am, edited 2 times in total.