GFM Network News


(File photo by Dave Bedard)

Kansas City Southern plans to accept CP’s bid

Deal would create new lanes for Prairie freight, CP says

Reuters — U.S. railway Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway’s US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway. CN now has until the end of Friday to submit a better offer or lose its deal with KCS. […] Read more

(JimPattison.com)

Deere lifts 2021 forecast on solid equipment demand

Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more


A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more

(CervusEquipment.com)

Brandt to buy Deere dealership chain Cervus

Regina firm to pay $302 million in all-cash deal

The world’s biggest privately-owned chain of Deere construction and forestry equipment dealerships is set to expand its reach into Deere farm equipment in a major way. Brandt Tractor, the equipment sales arm of the Regina-based Brandt Group, on Monday announced an agreement to buy all of publicly-traded Cervus Equipment Corp. for $19.50 a share, valuing […] Read more


In normal times, farmers like John Guelly can look forward to a bountiful crop. The Westlock farmer hopes to have a crop after getting a much-needed inch of rain in mid-July but he fears for those who won’t have a harvest but have sold a portion of their crop.

Heatwave wreaks havoc on Alberta crops

Governments are rushing to help but fears are mounting as the crisis grows

Reading Time: 6 minutes July’s devastating heatwave has destroyed crops and pastures across Alberta, leaving producers in all corners of the province wondering what their options are at this point of the growing season. “It’s been pretty hard,” said Valerie Ehrenholz, who runs a mixed operation near Barrhead with her father. “I haven’t been farming that long — the […] Read more

Charred remnants of a rail bridge destroyed by a wildfire on June 30 are seen during a media tour by authorities in Lytton, B.C. on July 9, 2021. (Photo: Reuters/Jennifer Gauthier)

Lytton bridge re-opened but grain movement ‘hit and miss’

B.C. wildfires continue to disrupt Prairie grain movement

Canadian National Railway’s fire-damaged bridge at Lytton, B.C. reopened for traffic Tuesday — but all train movement, including for grain, through British Columbia’s wildfire-ravaged southern Interior, is “hit and miss” and will remain so until the fire risk lessens. “Both (CN and Canadian Pacific Railway) are having troubles because there are so many fires in […] Read more


An undated photo from CN’s media gallery shows a locomotive travelling through the Ashcroft, B.C. area. (CN.ca)

CN, CP trains ordered to slow down against fire risk

Ministerial order in effect until Oct. 31

A new federal ministerial order calls for Canada’s big two railways to significantly cut their train speeds in any areas deemed to be at an “extreme” fire risk. “With extreme weather events occurring more severely and frequently in Canada due to climate change, it is important to have an adaptive regulatory system that responds to […] Read more



(Canada Border Services Agency video screengrab)

Canada taking first step toward lifting border restrictions

U.S. border restrictions still in place until at least June 21

Ottawa | Reuters — Canada on Wednesday took a cautious first step toward easing COVID-19 border restrictions, saying it was prepared to relax quarantine protocols for fully vaccinated citizens returning home starting in early July. Canada’s air and land borders have allowed for only essential travel since March of last year, and Canadians coming home […] Read more

A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)

Kansas City Southern sticks with CN as CP won’t raise bid

CN confident of regulatory approval

Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating the largest-ever merger of North American railways by transaction value. The Canadian rivals have been locked in a takeover battle for the U.S. railroad operator […] Read more