GECES #171

BoxcabE50 Nov 2, 2020

  1. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    OK. It's been a while. This one is probably easy.....

    Somewhere.jpg
     
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  2. fitz

    fitz Staff Member

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    I should know that one, because I have been there. Unfortunately my brain has ceased to bring things out of memory.
     
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  3. wingnut1974

    wingnut1974 TrainBoard Member

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    glen yard joliet area
     
  4. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    It is east of the Mississippi River. But not in Illinois.
     
  5. Carsten Weye

    Carsten Weye TrainBoard Member

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    Woop woop, it is Central Maine & Quebec Railway at Milo, Maine :)
     
  6. Hardcoaler

    Hardcoaler TrainBoard Member

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    :D Gotta admit that I've never heard of the railroad, nor the location. :)
     
  7. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    It is the former Bangor & Aroostook RR.
     
  8. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    Anyhow, Carsten found it. :)
     
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  9. fitz

    fitz Staff Member

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    Hmmm. I have never been there, but it sure looks familiar with the rails for moving cars or engines along sideways to position them for the shelter facility.
     
  10. Hardcoaler

    Hardcoaler TrainBoard Member

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    Ah ha! I once tried to figure out what happened to the B&M, MEC and, BAR and RUT lines I knew of and gave up. As Guilford arose to hose these, then morphed itself into PanAm, the rise and fall of additional operations under new owners has been bewildering. To add to it all, it was announced a few days ago that CSX wants to buy PanAm, which is surprising given that they already own the Boston & Albany's line and that NS has had a strong partnership with PanAm which includes significant investment in PanAm line improvements. The show goes on .....
     
    Last edited: Nov 12, 2020
  11. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    Could this be the reason for now talking of such a purchase? Or could it have been done simply to create such a situation?
     
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  12. Hardcoaler

    Hardcoaler TrainBoard Member

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    Can't be sure, but I'd bet that NS's investments are protected with some sort of equity in PanAm. It'll be interesting to see how it unfolds. Meanwhile, buyout talk is swirling around the KCS, with the road recently rejecting a Blackstone Group/Global Infrastructure Partners bid. Jim Cramer of CNBC suggested that an acquisition of KCS by the UP would make good sense.

    U.S. railroads have come back strongly from the Covid selloff, handily outperforming the S&P and with solid dividend income as well. The chart below illustrates why KCS and UP managements are under some pressure, with CSX and NS outdistancing.

    upload_2020-11-14_8-52-11.png
     
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