CP Bottleneck Crimping West's Booming Commodities Trade

Posted on Wednesday, January 30 at 10:44 by N Say
In addition to moving more than 90% of the coal produced the Elk Valley Coalition, CP has an exclusive rail arrangement with Canpotex, which markets Canadian potash overseas on behalf of Agrium Inc., The Mosaic Company, and Potash Corp. Demand for Canadian potash, used in fertilizers, has skyrocketed recently as global supplies dwindle and Saskatchewan mines come back online to feed the soaring demand from Chinese farmers. Just as demand for metallurgical coal, used in manufacturing steel, is seeing a resurgence from Asian trade. But CP is seen struggling to keep up with the added demand. ... http://www.financialpost.com/story.html?id=272349

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  1. by RPW
    Thu Jan 31, 2008 4:41 am
    As an aside, I wonder if CP ever paid out compensation for killing off the Sockeye Salmon run when it caused a mass landslide in the Fraser Canyon way back when? From what I understand, the salmon never did recover to it's "former glory", and it effectively put the cannery business out of business (whether that's good or bad is debatable). But with government apologies (and compensation, however niggardly) to the Japanese, and the Chinese, the least CP could do is acknowledge the deleterious effect it had on BC's economy at the beginning of the last century, and cough up suitable compensation.............

    ---
    "When you change the way you look at things, the things you look at change."
    -Max Planck



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