by QB 52.32
Gilbert B Norman wrote: ↑Mon May 29, 2023 5:56 am Now maybe with two roads, one that can serve the Southeast region and the other the Midwest as well as anywhere in Canada save Prince Rupert, this will result in expansion of the Port of Saint John to such extent that both roads will hold their investments will pay off and entice other industries with high value traffic to locate in Maine.There is no Port Saint John rail play into the Southeast because there is no benefit vs. cost to the container lines and their customers.
This is largely about the discretionary Midwestern market competing against the Port of NY/NJ and for CSX I could see potential along the competitive border in the Northeast in both New England and upstate NY as well in the Midwest into the Ohio River Valley/Indianapolis/St. Louis where CN and CP don't go/don't get there with advantage in addition to stack-dependent head-to-head competition to Detroit and Chicago/beyond.
Not a bad idea to also consider that this discretionary Midwestern vs. NY/NJ play is within the context of a 3-port, 3-Class 1 competitive environment. CN has speed, stack and capacity serving 3 ports, CP serves 2 ports with stack beyond the Toronto market accessed via CSX rights, and CSX will serve 1 port at least for some time without stack on the B&M and MEC east end.
Up until this point and for what it might be worth including over the longer run, Mr. NHV's excellent reporting indicates a pretty sizable container traffic imbalance for CP so far.