Asian Trade Spurs Rail Profits and Eastern Hopes
The Asia Pacific Foundation of Canada has an interesting feature article this week regarding Halifax's potential as a port of entry for Asian goods. Halifax is one of the few options left as the West coast doesn't seem to be able to keep up with demand for freight handling. Furthermore, Halifax is well located to handle an expected increase in Indian trade via the Suez Canal.
In related news, according to The Globe and Mail CNR and CPR are both enjoying handsome profits, largely due to increasing trade with Asia. The railways both bring in the manufactured goods that reach Canadian ports, as well as move resource based commodities to port for shipment overseas.