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Panama Canal expansion to hurt intermodal?

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[quote user="solzrules"] 1435mm:  Actually, the railroad I mentioned, the Milwaukee Road, completed their transcon in 1909.  Just as the line was begining to come into element and establish itself the panama canal opened and took away much of the traffic that would have moved on the line.  This is a case of the rr not having any business because the line just opened up.  NP and UP were more established at that time and I think they were able to absorb the loss, although it was painful.  The Milwaukee never fully recovered.  Don't take my word for it.  Jim Scribbons mentions it in his book about the Milwaukee Road, and I think even the company annual reports for the period talk about the affects the canal was having on the ability to maximize the traffic potential of the pacific coast extension.  [/quote] Perhaps, but does the annual report just trot that out as an excuse to investors for management's sorry performance, or do the revenue and GTM charts in the report show any actual change?  More importantly, do the annual reports of ALL the transcons show a "Pamana Canal Effect" at that time?  If such a thing exists it wouldn't affect just the Milwaukee Road.  All the roads were charging the same rates by this time under regulation.  All due respect to Mr. Scribbins, who I know well, but I don't think he enjoyed reviewing the traffic and tonnage figures.  I haven't seen any evidence in his books and articles, at least. S. Hadid
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