The grain industry player in a deal to restore and restart the Hudson Bay Railway and Port of Churchill has factored the port’s access to Arctic tidewater into its business plan. Regina-based pulse processor AGT Food and Ingredients is one of the members of the Arctic Gateway Group, which on Friday confirmed a deal to […] Read more
AGT sees ‘further port access’ in Hudson Bay deal
Hudson Bay rail line repairs to start ‘immediately’
Off-and-on talks toward a new ownership group for the Hudson Bay Railway have produced a deal, which it’s hoped will lead to the line’s repair before this winter, federal officials announced Friday. Federal Trade Diversification Minister Jim Carr and Northern Affairs Minister Dominic LeBlanc announced the Arctic Gateway Group Limited Partnership has bought the Hudson […] Read more
Allflex buys RFID reader maker Agrident
One of the world’s biggest livestock identification firms has expanded its share of the radio frequency ID (RFID) tag reader market with a deal to buy German manufacturer Agrident. Allflex, whose parent firm the Allflex Group rebranded in February under the name Antelliq, announced Aug. 21 it has bought Agrident for an undisclosed sum. Agrident, […] Read more
Former sister firm to buy Outback Guidance
Farm GPS guidance and autosteering equipment company AgJunction is set to sell its Outback Guidance business to a satellite positioning tech firm it spun off five years earlier. Kansas-based AgJunction announced Monday it has sold the Outback assets to Hemisphere GNSS, a Scottsdale, Ariz. company owned by Chinese firm Beijing UniStrong, for an undisclosed sum. […] Read more
Railways say they’re ready for large shipping season
CNS Canada — Canadian Pacific Railway managed to slightly increase its grain shipping volumes last year, despite the extreme cold. CP moved 25.8 million tonnes of western Canadian grain, grain products, soybeans and non-regulated principal field crops during the 2017-18 crop year. That’s a one per cent increase from the previous crop year and one […] Read more
Grain elevators brace for high-volume shipping season
CNS Canada — Grain companies in Western Canada are bracing for another high-volume year, as questions about the system’s ability to handle that amount continue to plague the industry. Wade Sobkowich, executive director of the Western Grain Elevator Association, said despite the heat stress that has hit many crops this year, grain companies expect this […] Read more
P+H to double down on northwestern Manitoba grain
UPDATED/CORRECTED, Aug. 17 — Winnipeg grain company Parrish and Heimbecker has plans to double its grain handle out of northwestern Manitoba with a new elevator and crop input centre. The company announced Aug. 1 it will put up a new facility in the RM of Gilbert Plains, with 25,000 to 30,000 tonnes of storage capacity […] Read more
Quebec offers aid to lessen brunt of U.S. tariffs
Montreal | Reuters — The Quebec government on Wednesday said it would spend $863 million over five years to mitigate the impact of U.S. tariffs on companies and the province’s agriculture sector. The plan would provide direct financial aid to some companies affected by the tariffs and would support investments to improve productivity, worker training […] Read more
CNH Industrial improves guidance after strong Q2, shares up 10 pct
Milan | Reuters (July 26, 2018) – Truck and tractor maker CNH Industrial raised its full-year guidance on Tuesday after better-than-expected quarterly earnings, sparking a more than 10 percent rally in its shares. Milan-listed shares closed 10.6 percent higher at 9.93 euros, making it the best performer on the city’s blue-chip index, which ended the session […] Read more
CP conductors, engineers ratify four-year deal
Conductors and engineers for Canadian Pacific Railway have voted for labour peace following a 33-hour strike in late May. CP’s 3,100-odd conductors and engineers, represented by the Teamsters Canada Rail Conference (TCRC), announced July 20 they have voted to ratify a four-year agreement. Almost 63 per cent of eligible employees cast electronic ballots in the […] Read more
