Reuters — Canadian Pacific Railway (CP) on Tuesday revised its bid to buy U.S. railroad operator Norfolk Southern Corp, less than a week after its prior $28.4 billion proposal was rejected but the new offer was promptly rejected again. Calgary-based CP said it was now offering $32.86 in cash and 0.451 of a share in […] Read more
CP revises offer for Norfolk Southern, rebuffed again
U.S. railway Norfolk Southern rejects CP offer
Reuters — U.S. railroad operator Norfolk Southern said Friday its board had rejected Canadian Pacific Railway’s US$28.4 billion offer, calling it “grossly inadequate” and could face substantial regulatory hurdles. A struggling coal transportation market, suppressed by weak market demand and global oversupply, has weighed on the earnings of Norfolk, making it more vulnerable as a […] Read more
Alta. to tweak farm worker bill for ‘clarity’
With consultations only just out of the gate and the legislation awaiting second reading, the Alberta government already plans to amend Bill 6, its farm and ranch worker protection bill, for “greater clarity.” While not mentioning recent vocal protests over the bill, provincial Labour Minister Lori Sigurdson announced Tuesday the bill will be amended to “make clear what […] Read more
U.S. EPA finalizes 2016 renewables target at 18.1B gallons
New York | Reuters — The U.S. Environmental Protection Agency wants energy companies to blend 18.1 billion gallons (68.5 billion litres) of biofuels into the nation’s fuel supply next year, more than in a proposal laid out in May, it said in announcing final rules on renewables use for 2014-16 on Monday. The EPA’s long-awaited […] Read more
Alta. farm bill applies to paid workers only, minister says
UPDATED, Nov. 28, 2015 — New legislation applying Alberta’s rules on workplace standards and workers’ compensation to farm workers is meant for farms’ paid employees — not for family members or neighbours helping out on family farms. The province’s labour minister has said as much after stormy early going in the government’s consultations on Bill […] Read more
GTA police track down alleged cheesenappers
Three Toronto-area men face theft charges after a tractor trailer load of cheese took a late-night road trip in the wee hours Wednesday. The truckload of cheese had been reported stolen from the Brampton, Ont. area on Tuesday, York Regional Police said in a release. The YRP said they then got a call shortly after […] Read more
Low ocean freight rates likely to stick around
CNS Canada –– Ocean freight rates are at some of their lowest levels ever and will likely stay that way for at least the next two years, according to an industry analyst. “We’re near hitting bottom, but just because we hit bottom it doesn’t mean we won’t scrape along it for awhile,” said Jay O’Neil, […] Read more
U.S. ethanol output rising as industry awaits new mandates
Reuters — U.S. ethanol production topped one million barrels per day for the first time last week, data showed Wednesday, ahead of a government deadline to issue a plan for the country’s hotly debated biofuels program. The largest boost in production rates since May showed U.S. ethanol makers capitalizing on a recent uptick in profit […] Read more
Slimmer harvest yields faster deliveries from railways
CNS Canada –– A year ago, Western Canada’s shortline railways were struggling to meet commitments, but this year’s smaller grain production has reduced the stress on rail transporters. “There’s no shortage of cars, and there’s no problems in shipping,” said Sheldon Affleck, president of Regina-based shortline Big Sky Rail. A year ago, rail companies struggled […] Read more
Manitoba pledges more law on nutrient loading
More legislation to cut nutrient loading into Lake Winnipeg and other water bodies is among the shorter-term commitments in the Manitoba government’s latest throne speech. In the speech, which Lt.-Gov. Janice Filmon delivered Monday, Premier Greg Selinger pledges to “work with all partners to reduce nutrient loading” in Lake Winnipeg and work to prevent further spread of […] Read more
