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Transportation Environment News

01 Sep 1999

Algoma Central Chief Challenges Marine Industry

During the annual Marine Club Dinner, Peter Cresswell, president and CEO of Algoma Central Corp., told 1,200 shipping and marine industry executives the future of the Great Lakes-St. Lawrence Waterway is in peril. "Deregulation in both the rail and trucking industries, and U.S. subsidies favoring the Mississippi marine route, have threatened the economic viability of this transportation wonder," Cresswell said. Excessive user fees, over-regulation and duplication were also cited by Cresswell as significant causes of the waterway's competitive frailty. According to Cresswell, regulators need to instead foster a competitive transportation environment where "rail competes with water and water can compete with rail.

07 Sep 1999

Algoma Central Chief Challenges Marine Industry

During the annual Marine Club Dinner, Peter Cresswell, president and CEO of Algoma Central Corp., told 1,200 shipping and marine industry executives the future of the Great Lakes-St. Lawrence Waterway is in peril. "Deregulation in both the rail and trucking industries, and U.S. subsidies favoring the Mississippi marine route, have threatened the economic viability of this transportation wonder," Cresswell said. Excessive user fees, over-regulation and duplication were also cited by Cresswell as significant causes of the waterway's competitive frailty. According to Cresswell, regulators need to instead foster a competitive transportation environment where "rail competes with water and water can compete with rail.