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Tag Archives Canadian National

Crops, Machinery

Railways overshoot grain revenue limits for 2019-20

Grain revenues run $5.3 million over caps, CTA rules

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Reading Time: 2 minutes Canada’s big two railways have about two more weeks to hand over about $5.6 million in Prairie grain revenue overages and related penalties for the 2019-20 crop year. The Canadian Transportation Agency (CTA) on Dec. 22 ruled Canadian National Railway (CN) and Canadian Pacific Railway (CP) each overshot their maximum revenue entitlements (MREs) for the […] Read more
Crops, Machinery, Markets, Weather

Big Two railways release plans for winter

Snow-clearing equipment among investments at CN, CP

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Reading Time: 3 minutes Canada’s major railways have filed their winter contingency plans, as they are now required by law to do. Since updates to the Canada Transportation Act in 2018, Canada’s major rail companies have been required to publish winter plans and can be forced to pay up if they fail to deliver on certain promises of railcars. […] Read more
Crops

CN, CP set third-quarter records for grain movement

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Reading Time: < 1 minute MarketsFarm — Canada’s big two railways again reported moving record amounts of Canadian grain during the third quarter of 2020. Canadian National Railway (CN) reported Monday it had shipped 7.76 million tonnes of grain by rail, and Canadian Pacific Railway (CP) said Friday it had moved 7.72 million tonnes. For CN that not only marked […] Read more
Crops, Reuters

Talks continue toward ending CN strike as factories slow output

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Reading Time: 2 minutes Montreal/Winnipeg | Reuters — Talks to end a strike by thousands of workers at Canada’s biggest railroad, Canadian National Railway, continued on Wednesday, as industrial plants slowed output of products cut off from their markets. About 3,000 unionized workers, including conductors and yardmen, hit picket lines on Tuesday after talks with management failed to resolve […] Read more
Crops, Markets

Elevator operators seek quick end to CN strike

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Reading Time: 2 minutes The Western Grain Elevator Association (WGEA) wants grain shipments on Canadian National Railway (CN) to resume as soon as possible. “It has a major impact for every day that we’re not moving grain on CN,” WGEA executive director Wade Sobkowich said in an interview Tuesday. “A federal mediator has been appointed and that’s a step […] Read more
Crops

Teamsters serve strike notice on CN

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Reading Time: 2 minutes Teamster-led workers in contract talks with Canadian National Railway could be on the picket line as early as 12:01 a.m. ET Tuesday after serving strike notice on the company. The Teamsters Canadian Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY), which represents about 3,200 CN conductors and railyard co-ordinators in Canada, has served 72 hours’ […] Read more
Crops, Markets, Reuters

CN to cut management, union jobs

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Reading Time: < 1 minute Reuters — Canadian National Railway said on Friday it would cut management and union jobs, as the largest Canadian railroad operator grapples with an economic slowdown. The company will lay off 1,600 employees in the U.S. and Canada, according to a report by the Globe and Mail. The announcement comes amid declining freight volumes as […] Read more
Crops

Third-quarter grain handle down for CN, CP

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Reading Time: 2 minutes 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
Crops, Machinery

Prairie grain freight cost index adjusted upward

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Reading Time: 2 minutes Corrected, May 6, 2019 and Jan. 7, 2021 — Canada’s big two railways can expect a small raise in the amount of revenue they get to keep from hauling Prairie grain in the coming crop year. The Canadian Transportation Agency (CTA) on Tuesday announced it will set the volume-related composite price index (VRCPI) at 1.4371 […] Read more

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