Unionized conductors and train and yard service staff with Canadian Pacific Railway (CP) have voted in favour of strike action which could begin as early as March 16. The Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) announced Monday that a strike vote it conducted through February went 96.7 per cent in favour […] Read more
CP conductors vote in favour of mid-March strike action
Canada shuts ports to Russian ships over Ukraine invasion
Russian firms' Canadian holdings also under scrutiny, Freeland warns
Toronto | Reuters — Canada ratcheted up pressure on Russia for its invasion of Ukraine by shutting ports to Russian-owned ships and saying on Tuesday that holdings of all Russian oligarchs and companies in the country are under review. Canada has announced a slew of measures to isolate Russia, including imposing sanctions on Russian President […] Read more
Environment Canada calls for colder-than-normal Prairie spring
MarketsFarm — Colder-than-normal temperatures are in the long-range forecast across most of the Canadian Prairies, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Monday, calls for a 40-50 per cent chance of below-normal temperatures from March through May for most of the three Prairie provinces, […] Read more
Ukraine shuts ports as conflict threatens grain supplies
Moscow/Kyiv | Reuters — Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president’s chief of staff said, stoking fear of supply disruption from leading grain and oilseeds exporters. Russia earlier ordered the Azov Sea closed to the movement of commercial vessels until further […] Read more
Rail service is poor, but better days are on the horizon, says expert
Delivery of hopper cars is a concern, but recovery is expected and long-term outlook is good
Reading Time: 3 minutes Rail service is poor right now, but things will get better — in both the short and longer term, says a leading expert on grain transportation. CN Rail has been particularly poor when it comes to delivering hopper cars requested by grain companies, hitting a low of only 24 per cent during one week in […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more
Expect Prairie temperatures below normal until month’s end
MarketsFarm — The Prairie weather outlook for the rest of February is likely to remain below normal, according to Scott Kehler, chief scientist for Weatherlogics in Winnipeg. “[But] not as cold as it has been for most of the winter,” he added. Much of January and February have been highlighted by temperatures well below normal. […] Read more
Canada to ease travel requirements as COVID cases decline
Updated — Ottawa | Reuters — Canada will ease entry for fully vaccinated international travelers starting Feb. 28 as COVID-19 cases decline, allowing a rapid antigen test for travelers instead of a molecular one, officials said Tuesday. Antigen tests are cheaper than a molecular test and can provide results within minutes. The new measures, which […] Read more
More government action likely as border blockades hit trade
Manitoba's main crossing now also blocked
Reuters — The shutdown of a vital U.S.-Canada trade route is knocking out automakers’ operations as the business impact from the two-week-old protests against Canada’s pandemic measures ramp up pressure on authorities to quell the demonstrations. The protests started as a “Freedom Convoy” occupying downtown Ottawa, opposing a vaccinate-or-quarantine mandate for cross-border truckers mirrored by […] Read more
Floods didn’t hit exports but transport woes are mounting
Exports are way down but grain movement is still slow two months after lines reopened
Reading Time: 3 minutes Although it’s been one crisis after another since last summer, the grain sector is seeing some small positives on the export front. One is that rail disruptions caused by flooding in B.C. in November didn’t have a big impact on servicing our wheat customers, attendees at a recent webinar on new-crop sales were told. The […] Read more