GFM Network News


Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

Winnipeg | Reuters — Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns, which have hammered most industries. “We’ve had an almost unlimited […] Read more

Thunder Bay wraps up active shipping season

MarketsFarm — The last cargo vessel of the year departed the Port of Thunder Bay on Sunday, bringing total cargo shipments through the facility to their highest level in half-a-decade. “Strong shipments of Prairie-grown grain and other dry bulk commodities from Western Canada buoyed the port’s cargo tonnage to 9.3 million metric tonnes, the highest […] Read more


Glencore sees renewables not cost competitive until mid-century

London | Reuters — Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. Glencore, whose non-mining holdings include Canadian grain handler Viterra, has said coal is still an investment […] Read more