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Rail Not the Only Way To Do Business - Algoma Steel- The 21st China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
10/10/2019 管材展-钢管展-steel tube expo-tube &pipe expo |
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While rail transportation is vitally important for companies such as Algoma Steel to move its product to market, the steelmaker says it is not the only way to do business. Ms Brenda Stenta, Algoma Steel communications manager, while acknowledging rail’s importance to Algoma, stated the steelmaker may still get its steel to market by truck. Stenta wrote that “Rail is the preferred method of transport for the commodities that we ship as opposed to truck. The provision of this important mode of transport is of vital importance to Algoma Steel. While we have alternative means to get our product to market, reliably, and on-time, the loss of the Genesee-Wyoming connection between the Sault and Sudbury would impact our freight costs and could result in more trucks on the roads.”
Genesee & Wyoming Canada Inc, the parent company of Huron Central Railway Inc, which ships out Algoma Steel’s goods, announced that “We have made the difficult decision to cease service on the line in early 2020, citing the need for approximately CAD 40 million in capital investment funding from the federal and provincial governments over a five-year period to rehabilitate the line and safely sustain its operations.”
Louis Gravel, GWCI president, in a news release said that “While both the provincial and federal governments made commitments to support our long-term plan, the only recent funding received has been a modest investment from the province to temporally sustain operations. This funding allowed us to complete the minimum level of emergency repairs needed to sustain the safe operation of the line while we pursued the longer-term solution.”
GWCI wrote that “This transportation corridor is critical to the region’s industries and future development of northern Ontario, and our plan includes a cost-sharing model between HCRY and both levels of government...while they (the senior levels of government) recently announced substantial investments to help some of HCRY’s main customers, the railway that supports their supply chains and access to global markets hangs in the balance.”
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