Globalization, free trade and North American trade are real and the challenges they present must be addressed. In organizations such as Air Canada, CN, Upper Canada Shipping or the Bank of Nova Scotia, the intelligent use of information allows managers to be more productive in running their companies. This has led to greater profitability. Transport is a capital-intensive industry and must make competitive returns on investment. As for infrastructure, the markets can raise funds for transportation.
Canadian companies compete with American ones for space, capital and growth.
Eighty percent of Canadian trade is with the U.S., and the majority of the population lives within driving distance of the border. If the industry is to be competitive, the requirement for Canadian ownership should be rethought. Policies such as the Jones Act and cabotage systems will need to go. Regulation can drain resources. There is a need for it in transportation, but too much of it results in inefficiency.