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CN Purchased BC Rail
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[quote]QUOTE: <i>Originally posted by nanaimo73</i> <br /><br />Is it a government's job to run freight trains? I don't think so. BC Rail lost money during 4 of it's last 5 years.Why should a load of lumber from MacKenzie going to Chicago have to go through Vancouver? It's at least 6 days faster going through PG.The Premier may be an a--h--- but he is going to put 500,000 containers a year through Prince Rupert. <br />[/quote] <br /> <br />BC Rail lost money primarily because they ran passenger trains. I don't think CN is running any passenger trains over the lines. <br /> <br />Where the BC government really blew it is selling the line lock stock and barrel, instead of maintaining ownership of the ROW and either renting it out as an open access line, or designating one of the bidders as the primary operator (re-evaluating that contract every 5 or ten years to make sure they're not pulling a "WC" in BC). <br /> <br />I wouldn't count on Prince Rupert handling half a million containers just yet. Them egg's ain't hatched yet! <br /> <br />Even if PR gets that many containers, is the economic impact from that going to be enough to offset the negative impact being felt by shippers on the ex-BCR?
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