The railways win again! Didn't expect farmers to win!

[parsley]

Good point about graincos, furrow. Could a stif
contract do what you ask? pars

[rockpile]

Mr. Weber, I think your math is a little off. But the
point is well taken. Unless a winter was warmer and
drier than normal then slowed shipping during the
peak winter months has always been ongoing - this
is nothing new. What seems to be the issue is
getting the right product at the right time to the
right position. Somebody ordered all those parked
boats at Van without ever considering that they
might not be able to fill them on time. What is
missing is coordination. Do we need a government
agency to do this? No! We need the rrs, grain
companies and associated players to sit down at the
table and agree to a central agency to coordinate all
this shit to provide orderly, timely and efficient
movement and have each player contribute to the
cost of the agency according to benefits derived.
Kind of like an air traffic control tower. As for Ritz
and Raitt and the big announcement, by the time
this kicks into place the rrs won't have any problem
meeting the targets. So - big wow!

[wmoebis]

Good point rockpile. Can anyone tell us
who ordered the ships and in what order?
What if all next 10 ships are waiting to
fill at say PIO. And what grain and grade
are they waiting for? I know of elevators
that are plugged with durum and wht what
if boats need CNL?

[parsley]

Well, lweber, large corps spend millions on PR,
sanitizing their profiles so ticked off shareholders
don't become a problem.

If Harrison spurns any regulatory control, in any
country, he is truly incompetent.

Headlines screaming "CN and CP fined daily for
breaching Canadian Government Regulations"
becomes a financial liability very quickly. Lost
good will is very, very expensive to mend. That's
why CP and CN just spent a bundle in the
newspapers, trying very hard to not sound as if
they had chosen to NOT service farmers.

Harrison might have cash, but he doesn't hatch it;
shareholder dividends have to come from the
railroad company; and lawbreaking is not an
entry most corporations want on their year end
liability sheet. Parsley

[LWeber]

Rockpile:

My Math

http://www.bloomberg.com/news/2013-03-22/canadian-pacific-paid-ackman-backed-ceo-c-49-2-million-in-2012.html

Canadian Pacific Railway Ltd. (CP) paid Hunter Harrison C$49.1 million ($48 million) last year after recruiting him as chief executive officer following a proxy fight by activist investor William Ackman.

365 X 100,000 = 36,500,000

49.1 less
36.5
equals 12.6 million

Where is it off?

[cottonpicken]

Good song for a friday night unlees you hate ac/dc and chellos.


http://www.youtube.com/watch?v=uT3SBzmDxGk

[rockpile]

My apologies Mr. Webber - I punched one too many
zeroes on my calculator. Which makes things even
worse. CP might just look at $36.5 million in fines and
say "Meh, just a cost of doing business".

[bucket]

hunter harrison could expense the
penalties.

Its a ****ing joke.

[Hopalong]

Don't get investor reasoning. CP shares down
slightly, CN up today, both near all time high.
If there is really going to be increasing demand for
rail capacity, longer term investment to increase
capacity should pay off better than short term cost
cutting.
Things don't add up.

[rook]

The slash and cut tactics of both railwys to
generate short term efficiencies and quarterly
profits has positioned them for an economy of 20
years ago. We need significant investment, and
eventually meaningful competition, in this
essential service to grow the economy and build
the nation. Hopefully this is baby steps in
achieving those goals.