Bankruptcy trustee and CN work to get Kelowna Pacific back on track

Comments TRN
1

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Bankruptcy trustee and CN work to get Kelowna Pacific back on track

2

Yes, and now CN is already tearing up the tracks of the former Ottawa Central Railway (CN Beachburg Sub), which was a successful shortline operation, and also applying to abandon the other lines in New Brunswick that it had bough along with the OCR. As you can tell, CN is doing GREAT things with the lines it is reacquiring.

3

With 16,000 carloads a year, why did CN drop this line in the first place. Also how did a short line with that much business wind up bankrupt? Sounds like poor management all the way around.

4

Does the first sentence of the last paragraph translate as undoing some of the ‘accomplishments’ of Hunter Harrison?

5

Yes, and we’ve all managed to see how well CN has done with all of its other reacquisitions. The Ottawa Central Railway was a highly successful shortline and is now in the process of having its tracks ripped up, and as for its ‘sibbling companies,’ they are already either abandoned or else CN is taking steps to apply for abandonment. Glad to see this is going to be another purchase & scrap by CN!

6

Question # 1 Harrison Question #2 Correct, poor management and spending on things not necessary for RR operations

7

Jim Dodds, I couldn’t say it better.
CN is also eager to abandon much of the former New Brunswick East Coast rwy between Petit Rocher (Irvco) and Moncton. CN has no patience waiting for mills and mines to reopen, and is ready to jeopardize any future traffic (and potential profits) for short-term gains. If this happens, this region’s economy will likely never recover.

Note: incidentally, the former NBEC also is the route of VIA’s Ocean, whose future is now dark as ever.

8

Harrison will do the same to CP. The Ottawa Central was a profitable shortline to the QRC, but not to CN.

9

There is something fishy about this whole deal. Poor management or a poor lease deal is most likely the cause. I just hope that the right thing is done and things are restarted on this important piece of railway through the Okanagan.