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Crops

Solid grain exports continue through Thunder Bay

June's handle includes record-large CP grain train

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MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 3.2 million tonnes, up 35 per cent from the five-year average, according to an update from the port. A total of 866,066 tonnes of grain were shipped through the port, located on the northern […] Read more
Crops, Markets

Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

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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
Crops, Markets

Grain exports continue strong out of Thunder Bay

COVID-19 leads to increased demand, reduced oil traffic by rail

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MarketsFarm — The Port of Thunder Bay reported another strong grain handling month in May, as more than 1.1 million tonnes of Canadian grain and oilseeds moved through the harbour on the northern shores of Lake Superior during the month. Increased demand from many countries stockpiling grain amidst the global COVID-19 pandemic was cited as […] Read more
Crops

Fuel, labour to pull grain freight cost indices lower

CP's share buybacks also a factor in its VRCPI

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The numbers that decide how much revenue Canada’s big two railways get to keep from Prairie grain handling have been marked downward for the 2020-21 crop year. The Canadian Transportation Agency last week announced it will set the volume-related composite price index (VRCPI) at 1.4202 for Canadian National Railway (CN) and at 1.4205 for Canadian […] Read more
Crops

Grain vessels backing up at West Coast

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MarketsFarm — Vessels waiting to ship grain off Canada’s West Coast are backing up as blockades across the country slow rail traffic, according to reports tracking grain movement. Railway blockades have sprung up at a number of locations across the country over the past two weeks, as protestors express solidarity with Wet’suwet’en hereditary chiefs opposing […] Read more
Crops, Machinery & Shop, Reuters

Canada to cut speed limits for trains hauling dangerous goods

New curb follows another Saskatchewan crash, fire

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Ottawa/Winnipeg | Reuters — The federal government said Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway (CP) crude oil train derailed and caught fire. The accident, which happened in the early hours of Thursday near Guernsey, Sask., about 40 km south of Humboldt, was the second […] Read more
Crops

CN, CP come in under 2018-19 grain revenue caps

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Changes to federal rail transport rules that took effect in 2018 have put Canada’s big two railways well under their new Prairie grain revenue caps for the 2018-19 crop year. The Canadian Transportation Agency on Monday announced Canadian National Railway (CN) booked 2018-19 Prairie grain revenue of $933,357,710, a figure $371,116 below what the CTA […] Read more
Crops, Reuters

Teamsters seek charges against CP to cap working hours

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Montreal/Toronto | Reuters — A union is taking the unusual step of pursuing contempt of court charges against Canada’s second-largest railroad, in a previously unreported case that escalates the debate over working hours for railroad employees, according to two sources and legal documents. The Teamsters union argued in court filings that Canadian Pacific Railway should […] Read more

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