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[QUOTE]Originally posted by Gilbert B Norman: [QB] [QUOTE]Originally posted by Gilbert B Norman: While I must admit I am at a loss to know "what they're up to" (I am backing away from my earlier thought they are "fattening up the livestock" to sell the railroad to a public agency), it simply is something other than to operate intercity passenger trains for their own account.[/QUOTE]Well, after I had backed away from my thoughts regarding "fattening up the livestock" , look what TRAINS Newswire, as well as other outlets, reports (paywalled): http://trn.trains.com/news/news-wire/2016/10/14-fec-sale Fair Use: [i][list] [*]Florida East Coast Railway’s owner is getting ready to put the regional up for sale, according to a Bloomberg News report. Fortress Investment Group, which purchased the FEC for $3.5 billion in June 2007, has hired investment banking firms Barclays and Morgan Stanley to advise on a potential sale, Bloomberg reported, citing unnamed sources said to be familiar with the matter. Representatives from Fortress and FEC did not immediately respond to Trains News Wire’s messages seeking comment on Thursday afternoon. It is unclear what impact, if any, a potential sale would have on All Aboard Florida’s Brightline passenger project.[/i] [/list] The maritime shipping industry is in a "world of hurts" nowadays with much of the hurt thanks to overexpansion. Neo (post) PANAMAX and the East Coast ports that were getting ready to throw the big party could well be looking at a "nobody came". As I noted in one of the earlier topics, the State with its sizeable investment to make the Port of Miami into a major player may wish to have control of the only road serving the Port so that traffic can be forwarded to the "open gateway" of JAX. Let's face it, maritime companies along with other large shippers do not like being at the mercy of one road. As an aside I have to wonder if development of the Port of Lazaro Cardenas, Michaun MX has not been hindered account only one road (KCS-M) serves it. Of course, political instability could be a greater factor. When I was "down below" this past January, from my hotel room where I happily pay a premium for a Port of Miami view, all too many cranes were pointing Skyward. [/QB][/QUOTE]
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