Reading Time: 2 minutes The loonie’s decline since last year has led federal regulators to dial up the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain. The Canadian Transportation Agency (CTA) announced Friday it will raise its volume-related composite price index (VRCPI) by 4.8 per cent, to 1.3275, for the 2016-17 […] Read more
Cost index for railways’ grain revenue cap gets boost
CN books lower first-quarter grain handle
Reading Time: 2 minutes Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The […] Read more
Ottawa moves to extend expanded rail interswitching
Reading Time: 4 minutes Prairie crop growers hoping that changes in federal rail freight rules will continue past their expiration date are about to get their wish. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay on Friday announced they would bring forward a resolution in Parliament to extend provisions of the previous government’s Bill C-30, the Fair Rail […] Read more
CP pulls more grain for less in first quarter
Reading Time: 2 minutes Canadian Pacific Railway (CP) hauled more carloads of Canadian grain in its first quarter of 2016 compared to the same period last year — but for less revenue per car. Calgary-based CP on Wednesday reported overall net income of $540 million on revenues of $1.591 billion for its quarter ending March 31, up from $320 […] Read more
Flax expected to lose a third of acres
Reading Time: < 1 minute CNS Canada — Canada’s flax acres are expected to fall about a third from last year’s levels, according to Statistics Canada data. One market participant says weaker prices have influenced farmers, while another says smaller crops are often overlooked during surveys. StatsCan estimates flax’s seeded area at about 1.1 million acres, compared with 1.6 million acres […] Read more
Doomsday Vault keepers move to lock up more funding
Reading Time: 2 minutes Oslo | Reuters — The Crop Trust, which runs a so-called doomsday seed vault in the Arctic, secured a doubling of its core funds on Friday and urged the private sector to do more to safeguard commercial food production. Friday’s pledges totalling about $150 million were mainly from governments, including the U.S., Germany and Australia, […] Read more
Post-CWB review flags grain trade ‘inefficiency’
Reading Time: < 1 minute WITHDRAWN, April 15, 2016: A historian’s review of the Prairie grain trade, commissioned by supporters of the former single marketing desk for wheat and barley, suggests history is repeating itself at grain growers’ expense — but the data on which the review is based is now being questioned. The Canadian Wheat Board Alliance on Wednesday released a […] Read more
Prairie farmers look to increase tech use, but face obstacles
Reading Time: 3 minutes CNS Canada — As spring approaches, some producers are searching for new technology to integrate into their operations — while others have opted out of the ag tech sector, whether by choice or through a lack of accessibility. “Even two years ago, it was way worse out there in terms of apps, in terms of […] Read more
CP scraps plans to buy Norfolk Southern
Reading Time: 2 minutes Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest U.S. railroad operator. The announcement comes days after the U.S. Justice Department urged the Surface Transportation Board to reject a voting trust arrangement CP had […] Read more
U.S. Justice Dept. urges rejection of CP voting trust
Reading Time: 2 minutes Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for the Virginia-based company, which […] Read more
A message from April Stewart, Country Guide's Associate Editor
