CN owns the line and KPR leases it. There is a reason CN leases out their short line railroads. The railroad company here has never ever made any money on rail traffic.
Any money they have made has been made with easements, right of way's and usurious lease and rail line upgrade fees for customers. The same customers who are going to be facing major cost increases for transport of their products now.
CN isn't any better. If you look at the condition of the rail line itself, it is deplorable. It doesn't look like any serious consideration has been given to maintaining any of the rail lines or rail infrastructure.
Neither CN nor KPR has a proper business model for this short line. The necessary upgrades at this point would be so cost prohibitive that I predict they will use this latest fiasco as an excuse to sell off some of the lucrative assets (lots of waterfront and commercial land) which were granted to them many years ago in order to facilitate a railroad. The ones that haven't already been stripped.
Don Jensen
Letters
KPR
More Letters to the editor
RECENT STORIES
- Community Expo backVernon - 1:00 pm
- Target on boxer's backKamloops - 12:54 pm
- City water supply a concernKelowna - 12:51 pm
- MPs chide health agencyCanada - 12:38 pm
- TikTok testing new appBusiness - 12:37 pm
for these and other issues.
Previous Stories
- Upset at council and traffic Apr 19
- 'Punitive' tax rates Apr 19
- Fire hydrant concern Apr 19
- On demand busing Apr 19
- Penticton's downtown Apr 19
- Why change vote? Apr 19
- Park owners criticized Apr 18
- End violence against women Apr 18
- Snake theft consequences Apr 18
- Supports Kamloops mayor Apr 18
- 'Misinformed' about carbon Apr 17
- Climate change not priority Apr 17
© 2024 Castanet.net