HONG KONG's Orient Overseas Container Line (OOCL) has switched a portion of its from one of the two major Canadian railways to the other, from Canadian Pacific (CP) to Canadian National (CN), according to analyst Cowen and Co.
Cowen estimates the gain for CN to be around US$105 million in 2014 intermodal revenue, reported American Shipper, adding that there have been derailments and customer service problems.
"Derailments in recent months and the aforementioned intermodal loss have some investors concerned that some of the efficiency and productivity gains may have occurred in part at the expense of customer service," said CP in an email.
"Under its ongoing operational turnaround plan, CP has been producing solid improvements to its operating metrics," the company said."
WORLD SHIPPING
23 September 2013 - 18:48
OOCL switches US$105 million in intermodal business from CP to CN
HONG KONG's Orient Overseas Container Line (OOCL) has switched a portion of its from one of the two major Canadian railways to the other, from Canadian Pacific (CP) to Canadian National (CN), according to analyst Cowen and Co.
WORLD SHIPPING
23 September 2013 - 18:48
OOCL switches US$105 million in intermodal business from CP to CN
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