GFM Network News


Rail lines en route to the Port of Searsport, Maine. (BWFolsom/iStock/Getty Images)

CP to buy direct line through Quebec, Maine

Canadian Pacific Railway (CP) is set to buy its way back into Quebec’s Eastern Townships and through to eastern ports with a deal for Central Maine and Quebec Railway (CMQ). Calgary-based CP announced Wednesday it has a deal with CMQ’s owner, Fortress Transportation and Infrastructure Investors (FTAI), to buy the railway’s 774 km of rail […] Read more

(Dave Bedard photo)

Third-quarter grain handle down for CN, CP

Canada’s Big Two railways both booked reduced traffic but increased their revenue per carload in their grain handling segments for their third fiscal quarters ending Sept. 30. Canadian National Railway on Tuesday reported third-quarter net income of $1.195 billion on $3.83 billion in total revenues, up from $1.134 billion on $3.688 billion in the year-earlier […] Read more


(File photo by Dave Bedard)

Railways book higher grain freight revenue for Q1

Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more



(File photo by Dave Bedard)

Railways to appeal federal order on train braking

A ministerial order requiring railways to apply handbrakes on trains stopped on mountain grades is the subject of an appeal by Canada’s big two railways. Canadian Pacific Railway (CP) said Friday it will appeal the Feb. 8 order, which federal Transport Minister Marc Garneau issued following the Feb. 4 fatal crash of a grain train […] Read more



(File photo by Dave Bedard)

CP mainline through Rockies reopened after crash

Canadian Pacific Railway’s mainline through the Rocky Mountains has reopened to traffic following a grain train derailment that killed three railroaders Monday. Calgary-based CP announced late Friday its mainline through Field, B.C. was reopened at midday Wednesday “in close collaboration with Transport Canada, and upon completion of all necessary safety checks.” Meanwhile, CP said Friday, […] Read more




(File photo by Dave Bedard)

CP books higher Q4 grain revenue on reduced handle

Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million […] Read more