E.H. Scaryman Wrote:
-------------------------------------------------------
> [www.joc.com]
> ds/union-pacific-railroad/west-coast-woes-panama-c
> anal-expansion-won%E2%80%99t-spur-major-cargo-shif
> t_20150423.html
>
> Me thinks UP is engaging in magical thinking. If
> CSX and NS were smart, they should be trying to
> find some major capital to enhance the ports of
> Mobile, Jacksonville, and Savannah.

You don't understand the complexities of the maritime business. Everybody has assumed there will be a major shift. Don't bet on it. UP is correct. There will be some loss but not as much as expected. It all depends on the fees the PCA (Panama Canal Authority) will charge once the expansion is completed. There are rumors they will go up 5-7%. The maritime industry, already operating on thin profit margins, will balk.