GFM Network News


CN, CP roll over revenue caps for 2016-17

Canada’s big two railways have both overshot the maximum revenue they’re allowed to keep for ferrying the 2016-17 grain crop off the Prairies. The Canadian Transportation Agency on Thursday issued its annual determination of how much, if any, revenue Canadian National Railway (CN) and Canadian Pacific Railway (CP) made over their maximum grain revenue entitlements […] Read more

CN conductors ratify labour deal

An 11th-hour labour deal that averted a strike in late May by conductors and yard crews for Canadian National Railway has been ratified. Members of the Teamsters Canada Rail Conference’s Conductors, Trainpersons and Yardpersons union (TCRC-CTY) have voted in favour of a three-year agreement retroactive to July 23, 2016, CN said Tuesday. The deal “provides […] Read more



CN books lower first-quarter grain handle

Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The […] Read more



CN, CP both over revenue limits for 2014-15 grain haul

Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue entitlements for the crop year […] Read more



Tumour surgery to sideline CN chief

The CEO of Canada’s biggest rail network expects to be off work until late fall for surgery and radiation treatments on a precancerous tumour. Canadian National Railway’s (CN) chief executive Claude Mongeau said Wednesday he expects to have surgery either near the end of this month or early in September, to remove a rare type […] Read more