Articles by Nick Carey | Alberta Farmer Express

U.S. rail regulator tackles railroads over customer complaints

By Nick Carey March 19, 2018

Reuters — The top U.S. rail regulator has asked major railroads for information on service levels before meeting disgruntled shippers and other customers over complaints about service delays and higher costs. In letters to the CEOs of the railroads, dated Friday and posted Monday on the U.S. Surface Transportation Board’s (STB) website, the regulator requested […] Read more

Crops, Machinery & Shop, Reuters

CSX tackling service issues, CEO tells rail regulator

By Nick Carey August 29, 2017

Detroit | Reuters — CSX Corp. said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX […] Read more

Crops, Machinery & Shop, Reuters

U.S. Justice Dept. urges rejection of CP voting trust

By Nick Carey, Tim Ahmann April 9, 2016

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for the Virginia-based company, which […] Read more

Crops, Machinery & Shop, Reuters

ADM suing CP over 2013-14 rail service disruptions

By Nick Carey, Tom Polansek March 23, 2016

Chicago | Reuters –– Archer Daniels Midland has filed a lawsuit against Canadian Pacific Railway over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed partly from cost-cutting and the Canadian railroad’s pursuit of merger partners. Chicago-based ADM, one of the world’s largest grain traders and processors, […] Read more

Crops, Machinery & Shop, Reuters

CP mulls litigation over opposition to Norfolk Southern deal

By Allison Lampert, Nick Carey March 2, 2016

Reuters — Canadian Pacific Railway (CP) said Wednesday it is looking at all legal options in response to what it described as concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern. “It is unfortunate that CP must consider the use of litigation to ensure a level playing field and protect […] Read more

Crops, Machinery & Shop, Reuters

CP’s Norfolk bid riles U.S. railroads

By Nick Carey January 21, 2016

Chicago | Reuters –– A legal protest by Canadian Pacific Railway (CP) over a meeting among big U.S. railroads about mergers in their industry has highlighted manoeuvring in the sector to cope with a rapid downturn and possible consolidation. Calgary-based CP on Tuesday asked the U.S. Justice Department to look into statements by U.S. railroads, […] Read more

Crops, Machinery & Shop, Markets, Reuters

U.S. senator raises concerns over potential CP, CSX deal

By Nick Carey October 17, 2014

Chicago | Reuters — The head of a U.S. Senate subcommittee raised concerns in a letter Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway and CSX Corp., and called on them both to fully review the antitrust implications of any such […] Read more

Crops, Machinery & Shop, Markets, Reuters

As clock winds down, CP’s CEO hunts for his dream deal

By Allison Martell, Nick Carey October 17, 2014

Toronto/Chicago | Reuters — Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway (CP), but he still has unfinished business — creation of a consolidated North American railway — and is running out of time to do it. That might explain why CP, Canada’s […] Read more

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Pulse weekly outlook: Adversity bolsters chickpea bids

U.S. grains: Corn soars four per cent on fresh sales to China

U.S. livestock: Rising beef prices buoy CME live cattle futures

Author Archives Nick Carey

U.S. rail regulator tackles railroads over customer complaints

CSX tackling service issues, CEO tells rail regulator

U.S. Justice Dept. urges rejection of CP voting trust

ADM suing CP over 2013-14 rail service disruptions

CP mulls litigation over opposition to Norfolk Southern deal

CP’s Norfolk bid riles U.S. railroads

U.S. senator raises concerns over potential CP, CSX deal

As clock winds down, CP’s CEO hunts for his dream deal

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