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Transport committee To be straightforward, there's nobody who really wants to take this on. There's no champion of this, if that's your question.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee That's right.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee The proposal is to renew the fleet as quickly as possible in order to have the benefits provided to all the stakeholders in the grain supply chain, between the farm and the port.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee They'd be leased, but the value of the equipment is about $1.5 billion.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee Yes, 16,000 cars.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee We've made this presentation to the transportation committee...I'm sorry, to the agriculture committee.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee In summation, replacing the current obsolete and inefficient grain car fleet will increase the efficiency of grain delivery, enhance the performance of the entire supply chain, and lower the carbon footprint of the sector, because we're moving far more grain with far less equipme
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee Do you mean for Canada?
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee That's a very difficult question.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee The last five years have not been good to the rail car building industry because of the worldwide recession we've just been through, and perhaps are going to go into again. In a good year—
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee We've been building equipment for the United States and Canada over the last five years.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee We have a capability of building in excess of 12,000 cars a year, in a good year, in a robust economy. We will be in the 7,000- to 8,000-car range this year.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee We're not experiencing any barriers in the United States. As a matter of fact, we've manufactured these cars for several of the American railroads. We'd like to see them in the existing Canadian fleet, which comprises approximately, I think, 11,000 cars now.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee This fleet originally had over 20,000 cars that were built in the 1970s. It's currently down to about 11,000 cars through attrition. We'd like to see this fleet replaced entirely.
June 12th, 2012Committee meeting
Gregory Aziz
Transport committee No, you'd be correct in your original assumption. We sell more rail cars in the United States than we do in Canada. But to be fair, that's a much larger market. There are more railroads in the United States than there are in Canada. But we sell quite a bit of equipment in Canada.
June 12th, 2012Committee meeting
Gregory Aziz