Reading Time: 2 minutes CNS Canada — Prairie farmers are struggling to generate cash flow for their operations due to the lack of rail cars that are available to pick up their grain. “Spring is coming up, farmers need cash flow and we don’t get cash flow if your grain is sitting in a bin waiting for a train […] Read more
Tepid rail service cripples farmer deliveries on Prairies
Prairie grain movement not perfect, but not in crisis
Reading Time: 2 minutes CNS Canada — Canadian grain exports are moving out of the country at a similar pace as they were a year ago, but there are still some challenges along the logistical chain. “Right now we’re looking at the second largest supply of grain that we’ve ever had to move,” said Mark Hemmes, president of Quorum […] Read more
Grain handle down in CP’s ‘best-ever’ fourth quarter
Reading Time: 2 minutes U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more
CN, CP roll over revenue caps for 2016-17
Reading Time: 2 minutes Canada’s big two railways have both overshot the maximum revenue they’re allowed to keep for ferrying the 2016-17 grain crop off the Prairies. The Canadian Transportation Agency on Thursday issued its annual determination of how much, if any, revenue Canadian National Railway (CN) and Canadian Pacific Railway (CP) made over their maximum grain revenue entitlements […] Read more
Railway CEO Hunter Harrison, 73
Reading Time: 2 minutes New York | Reuters –– CSX Corp. CEO Hunter Harrison has died, the U.S. freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive it hired earlier this year to boost its profits had taken a medical leave of absence. Harrison, 73, died “due to unexpectedly severe complications […] Read more
CP conductors, engineers reject short-term deal
Reading Time: < 1 minute Unionized conductors and engineers at Canadian Pacific Railway (CP) have voted down a proposed one-year renewal of their collective agreement. The Teamsters Canada Rail Conference, whose train and engine (T+E) unit represents about 3,050 Canadian conductors and engineers at CP, announced Wednesday its membership had voted 67.1 per cent against the extension. Negotiators with CP […] Read more
CP’s third-quarter grain handle down
Reading Time: < 1 minute “Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on […] Read more
Organic grain firm picks up elevator near border
Reading Time: 2 minutes A Minneapolis startup in the organic grain business has bought a northwestern North Dakota elevator that further expands its southern Prairie catchment. Pipeline Foods — which has hung out its shingle as a buyer of organic, non-GMO wheat, pulses and oats for food and feed — announced Tuesday it has bought a CHS elevator at […] Read more
U.S. organic grain firm buys Saskatchewan elevators
Reading Time: 2 minutes A Minneapolis-based startup focused on non-GMO and organic grains has bought itself elevator space to source those crops out of southern Saskatchewan. Pipeline Foods on Wednesday announced it has bought small elevators at Wapella, about 130 km south of Yorkton, and at Gull Lake, about 50 km southwest of Swift Current, for an undisclosed sum. […] Read more
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
A message from April Stewart, Country Guide's Associate Editor
