Reading Time: < 1 minute An increase in Canadian grain traffic helped support Canadian National Railway’s third-quarter revenues, though the costs of increased traffic ate at its bottom line. Montreal-based CN on Tuesday reported net income of $958 million on total revenues of $3.221 billion for the quarter ending Sept. 30, down from $972 million on $3.014 billion in the […] Read more
Grain handle helps lift CN quarterly revenue
CSX tackling service issues, CEO tells rail regulator
Reading Time: < 1 minute Detroit | Reuters — CSX Corp. said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX […] Read more
Greig: Southern Ontario farmers protest high-speed rail impact
Reading Time: 3 minutes A power corridor that runs from London to Kitchener, Ont. has been a silent neighbour for many who farm in that area. But it’s looking a lot more menacing to them lately, as the likely route for a proposed high-speed rail line from London to Toronto, with stops in Kitchener-Waterloo and Guelph. Farmers in the […] Read more
New record set for Prairie grain throughput in 2016-17
Reading Time: 4 minutes Western Canada’s grain industry moved a record volume of grain in the 2016-17 crop year that ended July 31 and is gearing up to ship this year’s crop, expected to be the smallest in four years. Export terminals at Vancouver, Prince Rupert and Thunder Bay put through 35.945 million tonnes of grain last crop year, […] Read more
CN conductors ratify labour deal
Reading Time: < 1 minute An 11th-hour labour deal that averted a strike in late May by conductors and yard crews for Canadian National Railway has been ratified. Members of the Teamsters Canada Rail Conference’s Conductors, Trainpersons and Yardpersons union (TCRC-CTY) have voted in favour of a three-year agreement retroactive to July 23, 2016, CN said Tuesday. The deal “provides […] Read more
GrainsConnect picks second Alberta terminal site
Reading Time: < 1 minute The joint venture between Australia’s GrainCorp and Japan’s Zen-Noh Grain is taking its Prairie grain handling model to southern Alberta. GrainsConnect Canada announced plans Thursday to build a fourth Prairie high-throughput grain terminal on Canadian National (CN) Railway track at Huxley, Alta., about 75 km southeast of Red Deer. The company — which expects to […] Read more
Deal reached to avert CN strike, union head says
Reading Time: 2 minutes Montreal/Ottawa | Reuters — Canadian National Railway and a union representing 3,000 conductors on Monday reached an agreement in principle ahead of a looming strike deadline at Canada’s largest railroad, said a top union official. The union had set a strike deadline of Tuesday at 4 a.m. ET after the railroad announced new work rules […] Read more
CN’s conductors serve strike notice
Reading Time: 2 minutes The unit of the Teamsters representing Canadian National Railway’s (CN) conductors and yard operations staff has served notice that its members may be walking the line come Tuesday morning. Montreal-based CN said Saturday it had received 72-hour strike notice from the conductors’ unit of the Teamsters Canadian Rail Conference (TCRC), putting the unit in strike […] Read more
Grain handle helps CN to record first-quarter volume
Reading Time: 2 minutes Canadian National Railway reports moving more Prairie grain in its first quarter than at the same time last year, despite “more demanding winter conditions” compared to 2016. Montreal-based CN on Monday reported net earnings of $884 million on overall revenues of $3.206 billion for the quarter ending March 31 (Q1), up from $792 million on […] Read more
Prairie grain freight cost index to rise with fuel prices
Reading Time: 2 minutes An “expected sharp rise” in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada’s big two railways can charge to move Prairie grain in 2017-18. The Canadian Transportation Agency — the tribunal which, among its other duties, sets the annual maximum revenue entitlements (MREs) on Prairie grain […] Read more
A message from April Stewart, Country Guide's Associate Editor
