Groups representing Canadian grain growers touched down in Ottawa Thursday to urge quick passage of legislation to avoid a sequel to the grain handling logjam of 2013-14. Representatives from the Canadian Federation of Agriculture, Grain Growers of Canada, Keystone Agricultural Producers, Agricultural Producers Association of Saskatchewan, Alberta Federation of Agriculture and B.C. Agriculture Council went […] Read more
Farmers seek ‘urgent’ action from Senate on rail service
Tepid rail service cripples farmer deliveries on Prairies
CNS Canada — Prairie farmers are struggling to generate cash flow for their operations due to the lack of rail cars that are available to pick up their grain. “Spring is coming up, farmers need cash flow and we don’t get cash flow if your grain is sitting in a bin waiting for a train […] Read more
Prairie grain movement not perfect, but not in crisis
CNS Canada — Canadian grain exports are moving out of the country at a similar pace as they were a year ago, but there are still some challenges along the logistical chain. “Right now we’re looking at the second largest supply of grain that we’ve ever had to move,” said Mark Hemmes, president of Quorum […] Read more
Grain handle down in CP’s ‘best-ever’ fourth quarter
U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more
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
Railway CEO Hunter Harrison, 73
New York | Reuters –– CSX Corp. CEO Hunter Harrison has died, the U.S. freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive it hired earlier this year to boost its profits had taken a medical leave of absence. Harrison, 73, died “due to unexpectedly severe complications […] Read more
CP conductors, engineers reject short-term deal
Unionized conductors and engineers at Canadian Pacific Railway (CP) have voted down a proposed one-year renewal of their collective agreement. The Teamsters Canada Rail Conference, whose train and engine (T+E) unit represents about 3,050 Canadian conductors and engineers at CP, announced Wednesday its membership had voted 67.1 per cent against the extension. Negotiators with CP […] Read more
CP’s third-quarter grain handle down
“Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on […] Read more
Organic grain firm picks up elevator near border
A Minneapolis startup in the organic grain business has bought a northwestern North Dakota elevator that further expands its southern Prairie catchment. Pipeline Foods — which has hung out its shingle as a buyer of organic, non-GMO wheat, pulses and oats for food and feed — announced Tuesday it has bought a CHS elevator at […] Read more
U.S. organic grain firm buys Saskatchewan elevators
A Minneapolis-based startup focused on non-GMO and organic grains has bought itself elevator space to source those crops out of southern Saskatchewan. Pipeline Foods on Wednesday announced it has bought small elevators at Wapella, about 130 km south of Yorkton, and at Gull Lake, about 50 km southwest of Swift Current, for an undisclosed sum. […] Read more
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