We think there continues to be some pretty strong price opportunities in the market.
Most importantly, the medium-term fundamentals remain very good. Asian trade remains a great fit for our bulk exports and our Vancouver gateway for import-export containers.
The strategy, in its simplest form, is to get what I call a disproportionate share of new people moving into the market.
In forest products, we're still cautious given the softness in the pulp and paper market and the strength of the Canadian dollar.
A number of recent transactions have been well-received by the market, and that has given boards of directors the ability to approve deals.
We want those guys to take advantage of what that market delivers and support them in their ability to deliver it. The last thing that we want to do is start telling our banks' CEOs what they ought to be doing in their markets because we (in Columbus) don't have the market knowledge that they do.
They've got lots of money, and they're on the prowl.
We're taking another handoff out of the game. The outcome will be to create capacity for the shipping community and give them confidence in our ability to meet their needs to grow.
Copyright © 2024 Electric Goat Media. All Rights Reserved.