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Caption: A couple of things are interesting about this image. For those familiar with the bridge over the tracks by Mile 1, Dundas Sub; the nearby Academy can be seen in the extreme upper left. The old Guelph Rd overpass, which had been propped up for better clearance a long time ago is no longer, having been replaced some years ago. The absence of the foliage seen these days is remarkable. And this is the 'CAST' train. I remember it on CN, I remember it on CP, but what I don't remember is what happened to it all. Anyone??
Power on this westbound is CN 5075, 9478 and 3224. An SD-40, GP40-2 and an MLW C-424. Interesting combination.
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In April 1995 CP Ships purchased the Cast Group out of a bankruptcy proceeding, and subsequently bought Lykes Lines in July 1997 also out of bankruptcy, Contship Containerlines in October 1997 at a profitable level, Australia-New Zealand Direct Line in December 1998 also being profitable, Ivaran Lines in May 1998 (unprofitable), TMM Lines (unprofitable, 50% in January 1999, rest 50% in January 2000), in August 2000 Christensen Canadian African Lines (CCAL) at small profitability and Italia Line in August 2002 at breakeven business results. By 2001 it was the seventh largest carrier in the world, and dominated the North Atlantic. When it was spun off into a separate company it represented 8% of Canadian Pacific’s revenues and was a source for a large portion of CPR’s rail traffic — much originating from CP Ships’ Montreal Gateway Terminals.
Much appreciated. Thanks!!
Between 1975 and 1983, CN had an 18 % ownership stake in Cast. As I recall, CN wanted to increase its ownership stake but the Government of Canada didn’t support this and it was sold.
See:
http://ctrf.ca/wp-content/uploads/2015/05/CTRF2015HullMarineTransportation.pdf
By the way, around this time CN/Grand Trunk Corporation had a coordination agreement with the bankrupt Milwaukee Road–the Government didn’t agree with buying that line either (which CN could have gotten at an attractive price to complete it’s “iron lariat” south of the Great Lakes). It wasn’t until about 20 years later that a privatized CN was able close that key gap in its network.
Arnold – I didn’t think those CN guys knew The Leaky Roof – actually existed.
i have been waiting my whole life to see a photo like this, always wondered what the old road overpass looked like and that graffiti on the cp overpass is still there, you can almost make out whatever it is in the field between the highway and CP. I would love to be able to know what that was. Thank you so much for this.
@Snake..we are smarter than we look..us Lazy 3 route guys
Ralph: Glad you found this interesting. Yeah, the writing on the CP bridge is still there. Nothing changes much when it comes to RR ‘designs’.:o). By ‘between the CP and the highway you must be referring to that old brick building ruins that was there? Someone in this group might know. It was almost gone when I first saw it…quite a while back.
@CN9317: Thanks. I wondered because I was getting CAST trains on CP a few years after this, about 1986 or so at Guelph Jct. Then, never saw them again.
the building i am referring to is north of cn east of cp and west if the highway, at the time of this photograph it appears the building was still standing, any memories you can give thanks