The Ambassador Bridge is Detroit's lifeline to Canada. Sept. 11 turned it into a choke point and a security risk. The story of why it hasn't been fixed revolves around one man.
The Ambassador Bridge isn't owned by the U.S. or Canada--it is owned by one recalcitrant man: Manuel (Matty) Moroun. He controls the best monopoly you never heard of.
The Ambassador Bridge is a small but critical piece of Matty Moroun's transportation empire, which includes trucking concerns, logistics companies and customs brokerages, as well as real estate, banking and insurance interests. They're all under one umbrella, called CenTra. Here are the largest pieces. (Forbes Full Story)
- Less-than-truckload shipping (Central Transport)
Revenue: $400 million - Full-truckload shipping (Mason-Dixon, Universal Am-Can, others)*
Revenue: $300 million - Freight coordination services (Logistics Insights)
Revenue: $250 million - Ambassador Bridge
Revenue: $60 million - Duty-free stores, gas station, other bridge-related income
Revenue: $40 million - Insurance, banking, customs brokerage
Revenue: unknown
You may also want to review these posts:
--The Verifiable Truth:
- Grosse Pointe Neighbors have big plans for Harsens Island
- Proposed Harsens Island development much more than 'condos'
- Mike Malik's Lucky 7 could require special zoning for Harsens Island proposal
- Harsens Island developer has a history of fighting environmental concerns
- U.S. Attorney's inquiry leads to revelation Lucky 7 Development plans to drill sewer pipeline across St. Clair River
- Harsens Island developer is actually a lawyer with ties to environmentally challenged corporate interests & the Ilitch Family
- Harsens Island News
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