A port in a storm: politics, competing interests leave Port of Halifax future in limbo [Financial Post (Toronto, Ontario, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Financial Post
A port in a storm: politics, competing interests leave Port of Halifax future in limbo Halterm accounts for 12,000 jobs and $3.6 billion of economic output Last month, Canadian National Railway announced that it was bidding, alongside an unnamed partner, to buy and expand the Halterm Container Terminal in the Port of Halifax, with the aim of turning it into “the Prince Rupert of the East,” a nod to the company’s booming West Coast terminal business. “What we’re trying to do here is catch some of these big vessels going into New York,” CN chief executive J.J. Ruest told the Financial Post at the time. The Port of Halifax, currently Canada’s fourth largest by container traffic, is ideally positioned to do just that. Halifax lies just off the great circle route from New York to Europe — “four hours in, four hours out” as retired Halifax Port Authority engineer Don Carter puts it — and is 635 nautical miles closer to the key shipping hub of Rotterdam than is its competitor. It is also in
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CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/23/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- CNI's page on the SEC website