Washington/New York | Reuters — The U.S. and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments. The rules call for a rapid phase-out of older tank cars considered unsafe during derailments, and are […] Read more
Canada, U.S. toughen oil train safety standards
Farm business tax credits on tap in Manitoba budget
Expansions and extensions for tax credits of use to Manitoba farmers and small agribusinesses were laid out Thursday in the province’s latest budget. Finance Minister Greg Dewar’s plan calls for an expansion of the province’s small business venture capital tax credit, broadening its list of eligible businesses to include “non-traditional farming” ventures, as well as […] Read more
Cost index trimmed for railways’ grain revenue cap
A sharper-than-expected drop in fuel costs has led federal regulators to dial back the index that decides how much money railways get to keep from hauling Prairie grain. The Canadian Transportation Agency on announced Thursday it will cut its volume-related composite price index (VRCPI) by 5.6 per cent, to 1.2517, for the 2015-16 crop year. […] Read more
Arbitrator named for CP talks with running trades
The federal government has named its arbitrator to settle a new contract between Canadian Pacific Railway (CP) and its conductors, engineers, trainmen and yardmen. Labour Minister Kellie Leitch on Monday appointed lawyer and professional mediator George Adams as the arbitrator and mediator for talks between CP and its 3,800 unionized running trades workers, represented by […] Read more
Canada to set new speed limits on dangerous goods trains
Updated April 25, 2015 — Ottawa | Reuters — Canada will immediately impose a new speed limit of 65 kilometres per hour for dangerous goods trains moving through urban areas with more than 100,000 people, Transport Minister Lisa Raitt said Thursday. This is one of many measures the Conservative government has introduced since the July […] Read more
Brazil farm belt roads blocked in new trucker strike
Sao Paulo | Reuters — Truckers in Brazil resumed roadblocks across the country’s main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight companies in recent weeks regarding pay and fuel prices. Highway police on Thursday evening estimated that protesters had blocked roads at 17 points […] Read more
CN, CP book higher grain revenues in Q1
A bump in gross revenue from grain handling helped to improve first-quarter results for both of Canada’s big two railways. Canadian National Railway (CN) on Monday reported overall net income of $704 million on $3.098 billion in revenue for the quarter ending March 31, up from $623 million on $2.693 billion in the year-earlier period. […] Read more
Oliver budget boosts capital gains exemption, trade funds
A higher lifetime capital gains exemption on sales of farm property, accelerated capital cost allowance for food processing equipment and, further out, more money to boost agrifood exports are among the offerings for farmers in Tuesday’s federal budget. Federal Finance Minister Joe Oliver on Tuesday described his 2015 Economic Action Plan as “a balanced budget, just […] Read more
U.S. EPA strikes deal on biofuel blending targets with oil groups
Washington | Reuters –– Oil refiners who have complained that U.S. federal regulators missed deadlines to issue rules on blending renewable fuels into the nation’s supply of gasoline and diesel fuel are set to get long-awaited targets from the U.S. Environmental Protection Agency. Under a deal the EPA announced Friday with two oil industry groups […] Read more
CN grain train derails near Calgary
Reuters — Twenty-four grain cars on a Canadian National Railway (CN) train derailed northeast of Calgary on Friday morning without injury or dangerous goods involved, RCMP said. The derailment on the 104-car train took place near the village of Kathyrn and Highway 9, at 10 a.m. MT, RCMP from nearby Beiseker said in a release, […] Read more
