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July TRAINS takes on the captive shipper debate - Best Issue Ever?
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[quote]QUOTE: <i>Originally posted by MichaelSol</i> <br /><br />[quote]QUOTE: <i>Originally posted by bobwilcox</i> <br /><br />[quote]QUOTE: <i>Originally posted by MichaelSol</i> <br /><br />"We were able to aboli***he helper districts in 1974. Your note reminds me that we did put some power on some hills for a few days in 1977, or possibly 1978. I think it was 1978. It was summer, and for some reason there wasn't much grain moving, but we knew there was quite a bit of storage overhang out in the elevators. The harvest season was coming up and of course that's when all of a sudden the new crop doesn't have anywhere to go because there is old grain sitting there. Then all of sudden, the railroads don't have enough cars, of course. Well, we had some empty cars sitting around, and there was a lot of grain out there. It made sense for us to anticipate the upcoming season and help everyone by getting that grain out. We dropped our rate by 15% for a very short period, a week or so. Just to fill up those empty grain cars. Make some money." WL Smith to Sol, 8.14.2002 <br /> <br />Now, BN almost always put out a press-release decrying these actions, bringing as much attention to them as possible. I recall them well, as I thought they were a form of free advertising for their competitor and wondered what the strategy was. <br /> <br />Maybe neither railroad understood the "world of railroad rates" prior to Staggers. In that instance, "all I know is what I read in the newspaper." Apologies to Will Rogers <br />[/quote] <br /> <br />I think someone is pulling your chain. If you really beleve this, meet me in Brooklyn I've got bridge for sale. <br />[/quote] <br />I'll bet you do. How much did you pay for it? <br />[/quote] <br /> <br />[(-D][(-D][(-D][(-D][(-D][(-D] <br /> <br />Maybe Bob wants to sell it at an inverse rate from what he paid for it![;)]
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