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(File photo by Dave Bedard)
Crops, Reuters

CP CEO rules out raising Kansas City Southern bid

CP's first-quarter profit climbs

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Reuters — Canadian Pacific Railway CEO Keith Creel said Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is “not a real deal.” The two bidding companies are locking horns to take control of a vast network of railways across North America, with CN […] Read more
File photo of a barley field in Argentina. (Juan Pablo Marchelletti/iStock/Getty Images)
Barley, Crops, Markets, Reuters

Argentine truckers end strike, freeing China-bound barley

Canada, France would have been buyers' Plan B

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Buenos Aires | Reuters — Argentine truckers ended a 20-day strike that had blocked access to ports in Buenos Aires province, agricultural industry sources said on Tuesday, following a deal struck with local officials to increase freight-hauling rates. Trucks owners grouped in the informal TUDA association (Transportistas Unidos de Argentina) began blocking highways last month, […] Read more
(Dave Bedard photo)
Crops

Federal work/rest rules to be updated for railway workers

More clarifications coming, Teamsters say

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A perennial sticking point in work stoppages and labour disputes at Canada’s two major railways is expected to be at least somewhat addressed within the next two and a half years. Federal Transport Minister Marc Garneau on Nov. 25 announced what’s billed as the first updates to the Duty/Rest Rules for Railway Operating Employees since […] Read more
The White Pass border crossing between Alaska and northwestern British Columbia, about 25 km north of Skagway, Alaska. The proposed A2A line would largely skirt B.C. en route from Alberta to Alaska. (Thierry64/iStock/Getty Images)
Crops, Reuters

Trump-backed Canadian railway to Alaska faces high hurdles

Proponents say line could move grain, fertilizer as well as oil

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Winnipeg/Washington | Reuters — A private-sector proposal endorsed by U.S. President Donald Trump to build a railway from Canada’s oil sands to ports in Alaska would free landlocked crude but faces numerous steep challenges. Trump wrote on Twitter over the weekend that he would issue a permit for the Alaska-Alberta Railway Development Corporation (A2A Rail) […] Read more
(File photo by Dave Bedard)
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
(Dave Bedard photo)
Crops, Markets, Reuters

CN faces grain export backlog of 10,000 carloads, CEO says

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Montreal | Reuters — Canadian National Railway (CN) lost capacity equivalent to 10,000 carloads, or one million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, CEO Jean-Jacques Ruest said Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet’suwet’en people, who […] Read more
The first CN train passes through the Tyendinaga Mohawk Territory on Feb. 24, 2020 after a camp next to the tracks was raided by police earlier in the day. (Photo: Reuters/Chris Helgren)
Crops, Reuters

Protestors put up new rail, road barricades in wake of arrests

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Ottawa/Toronto | Reuters — Protesters in Canada have blocked train lines, Vancouver’s port entrance and at least one highway in Quebec Tuesday in response to the arrest of 10 indigenous protesters on Monday as police cleared a three-week rail barricade in southern Ontario. Ontario Provincial Police on Monday arrested some of the Tyendinaga Mohawk campaigners […] Read more
Federal Indigenous Services Minister Marc Miller meets with representatives of the Mohawk Nation at the site of a rail stoppage at Tyendinaga, Ont., east of Belleville, on Feb. 15, 2020. (Photo: Reuters/Carlos Osorio)
Crops, Reuters

Passenger trains to run again, pipeline protests block freight

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Ottawa | Reuters — Passenger rail operator Via Rail said Tuesday it would soon resume partial services between Quebec City and Ottawa while the government sought to end anti-pipeline protests that are blocking rail freight in Eastern Canada. Via said passenger services between the two cities would start on Thursday after it received a notification […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: Firm undertone to Prairie grains

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MarketsFarm — Solid demand from cattle feeders and ongoing logistic issues across the Prairies should keep a firm undertone in the feed grain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz of CorNine Commodities at Lacombe, Alta., adding “demand is strong through feedlot […] Read more

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