Canadian Railroads > Ontario Northland President to step down

ONTC president Paul Goulet stepping down--doesn't want to deal with the next 3 years of major restructuring at ONR...adamant that it was his idea, not the Ontario Premier's,

http://www.nugget.ca/2014/10/06/ontc-president-says-decision-to-leave-was-his-own

Lets hope any restructuring does not include CN or EHH!
It is good that ONR stays out of CN's hands, one fears a BC Rail giveaway type scenario.

I always wondered why Genesee & Wyoming were not interested in ONR. It would give them seamless access to Sault St Marie and a good chunk of the north, with Huron Central & Ottawa Valley.
They could purchase the CN Newmarket sub and get trackage rights into Toronto From Washago, similar to Goderich & Exeter has into Mac Yd in Toronto
As well that jewel of a shop complex in North Bay would find a use rebuilding and repainting the Rail America locomotives that G & W inherited.

Mike Bannon
St Catharines, ON



Edited 2 time(s). Last edit at 10/07/14 11:15 by algoma11.

If the oil trains to Hudson's Bay proposal ever takes off, there could be lots of value created.