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

[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.

[food4u]

So much for the"cold weather " theory.In
a train magazine that I get from Ottawa
there is mention of " CP potash train
west bound at Field,BC. This train is
made up of 5 locomotive and 188 potash
cars."This was on Jan.25/2014.One
question,"do potash cars carry 90 tonnes
like grain cars or 100 tonnes?

[LWeber]

Food4u:

Temperatures on January 25, 2014

Saskatoon - plus 3.4
Calgary - plus 11.2
Banff - zero
Cranbrook - minus 2.2

I really wanted them to be different ...

[bucket]

One unit train equals roughly 10000 tonnes equals 367400 bushels at a west coast price ( or insurance price if you like) equals 3,674,000 dollars worth of wheat. One unit train.

So if the railways are late they can pay the penalty.

On a 500000 tonne ( 18,000,000 bushels)weekly program, the cost of the penalty in per bushel term is .005 per bushel.

Meanwhile farmers in western canada are at a 3 dollar per bushel discount because of logistic problem in Canada.

Yep sure sounds like a lot of math was done when they set the penalty.

RAITT and RITZ are having their pops tonite laughing at farmers along with their friends from the railways and graincos.

[sawfly]

thanks larry for putting the fines in perspective.

we have been thru this a thousand
times.
sick of treating a monopoly, like it is
going to act like a regular competitive
business in a free market.

doing that over and over and expecting a different result.
Insanity

Furrow we can not know
what lib.s or NDP would have done.
esp. the NDP

we just know what has not been done

the rail service
in western Canada , feeds the economic engine of the west. and Canada too.

not just grain, but potash ,oil lumber
coal.

how can this govt. or any govt.
ignore this fact.

time to rethink the whole system.

nothing less than the best, most efficient, bulk
rail transport in the world.
is what's required.

it is a no brain er.

for the supposed party of
business acumen , not to see this
or do anything. Pathetic .

it is just too important to have CN &CP
squeezing off the fuel line to the country.