The good news keeps coming for Fairview Terminals.
In the short term it is probably good news however, I am a bit concerned about the consolidation of port ownership. This can have some pretty interesting implications. For example: DP World already owns a terminal in Vancouver. Does this mean that Prince Rupert will get first dibs on new business or will DP World increase costs here as a means of getting more TEU’s through its larger terminal in Vancouver?
If this seems paranoid, the Globe and Mail article notes that DP World purchased a $2.6 billion investment from its own parent company rather than have the investment go to a rival. Suffice to say, more than one company has been purchased as a means of reducing economic competition.