CMQ Profitability

Discussion of present-day CM&Q operations, as well as discussion of predecessors Montreal, Maine & Atlantic Railway (MMA) and Bangor & Aroostook Railroad (BAR).

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Re: CMQ Profitability

Postby Cowford » Mon Feb 27, 2017 2:06 pm

Q4 results are posted. While revenue had grown 9%, YOY Volume is up only 42 cars - negative growth from a "same store sales" perspective (given 2015 numbers did not include Rockland branch activity).
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Re: CMQ Profitability

Postby Jeff Smith » Wed Mar 01, 2017 12:47 pm

https://bangordailynews.com/2017/02/28/ ... 16-profit/

Brief, fair-use quote per railroad.net policy:

PORTLAND, Maine — The Central Maine and Quebec Railway in 2016 posted positive net income for the first time since buying the former Maine Montreal and Atlantic Railway in a bankruptcy sale.

In its fourth quarter earnings report, the Hermon-based international railroad reported net income of $605,000, driven by a 20 percent increase in revenue, to $30.8 million. That’s up from about $25.6 million in revenue in 2015.

In 2016, the rail line shipped more carloads of building products, fuel and propane, chemicals and fertilizers, and paper and wood pulp. Among those product categories, paper and wood pulp carloads were the only to drop lower in the fourth quarter than one year ago.
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Re: CMQ Profitability

Postby Cowford » Sun Aug 06, 2017 10:36 am

Q2 2017 results posted. YOY revenue is flat, carloadings down 15% which I'm guessing means they're having some luck getting more business out of Irving (chem and propane) to offset the loss of haulage business, and net income tanked ($1.1M loss). Can anyone shed light on a few issues: "feed and grain" is down a whopping 60% YTD 2017. Why? I can't imagine this would be related to haulage. Also, "salt and minerals" is essentially flat YOY and down 20% compared with pre-Rockland branch period... is there any activity on the Rockland branch these days?!? It could be gains in cement could be masked by losses in salt/other minerals, but that doesn't seem likely. Finally, not sure where they place other commodity categories, like intermodal and metals... in "building products" (as they also have a "finished wood" category)?

All-in-all, CMQ is only billing 66 loads per day. While the traffic mix has changed, volume is the same as 2015 and below 2016.
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Re: CMQ Profitability

Postby Cosakita18 » Mon Aug 07, 2017 1:46 pm

Could some of that loss be attributed to the revival of the PAR-NBSR interchange at 'keag?

I'm surprised CMQ hasn't been more aggressive in trying to get Potash and crude moving by rail east of Saint John. I've seen some very isolated intermodal activity, but It doesn't seem like they have enough traffic to warrant a real investment in IM.
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Re: CMQ Profitability

Postby fogg1703 » Fri Aug 11, 2017 2:18 pm

Cosakita18 wrote:'m surprised CMQ hasn't been more aggressive in trying to get Potash and crude moving by rail east of Saint John.


Im sure it wasn't for lack of trying. Very difficult to beat a rate for a single line haul of over 2000 miles.

Cosakita18 wrote:I've seen some very isolated intermodal activity, but It doesn't seem like they have enough traffic to warrant a real investment in IM.


New shipping line (CMA CGM GROUP) begin sailings from Saint John this month. Perhaps CMQ could make a play.
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Re: CMQ Profitability

Postby gokeefe » Sun Aug 13, 2017 10:10 am

Cosakita18 wrote:Could some of that loss be attributed to the revival of the PAR-NBSR interchange at 'keag?


Yes, however the exact shift in volumes at that interchange are unclear.
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