GFM Network News


Virus fears weigh on global shipping sector

Reading Time: < 1 minute MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13 […] Read more

CN conductors approve post-strike deal

Reading Time: 2 minutes Canadian National Railway’s conductors and yard workers have voted for at least another two and a half years of labour peace with the company. The affected employees, members of the Teamsters Canada Rail Conference, voted 91.3 per cent to ratify a three-year contract with CN, retroactive to last July 23, the union said in a […] Read more


Thunder Bay wraps up active shipping season

Reading Time: < 1 minute MarketsFarm — The last cargo vessel of the year departed the Port of Thunder Bay on Sunday, bringing total cargo shipments through the facility to their highest level in half-a-decade. “Strong shipments of Prairie-grown grain and other dry bulk commodities from Western Canada buoyed the port’s cargo tonnage to 9.3 million metric tonnes, the highest […] Read more

CN kicks off recovery after eight-day strike

Reading Time: 2 minutes Reuters –– Canadian National Railway on Thursday said it was putting a recovery plan in place while ramping up operations after the country’s biggest rail strike in a decade. The eight-day-long work stoppage at Canada’s largest railroad sent shocks through the country’s economy with grain and propane shipments scuttled. The strike by about 3,200 conductors […] Read more


Propane shortage looms as CN strike hits third day

Reading Time: 3 minutes Winnipeg/Ottawa | Reuters — Shippers scrambled to shift freight onto trucks on Thursday as a strike at Canada’s biggest railroad, Canadian National Railway, hit its third day, leaving the critical fuel propane and other goods stranded. Some 3,200 unionized employees, including conductors and yard workers, hit picket lines on Tuesday in the biggest such action […] Read more

CN conductors on strike

Reading Time: 3 minutes Unionized conductors, trainpersons and yard workers at Canadian National Railway are on strike as of Tuesday morning. The Teamsters Canada Rail Conference (TCRC), whose CTY arm represents about 3,000 unionized CN staff, announced late Monday its members would stop work at 12:01 a.m. ET Tuesday. “Unfortunately, we were unable to reach a deal with CN,” […] Read more


Third-quarter grain handle down for CN, CP

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

Canola shipments boost Thunder Bay port activity

Reading Time: < 1 minute MarketsFarm — Cargo movement through the Port of Thunder Bay is running ahead of the previous year’s pace, with some of the extra movement tied to increased canola exports to Europe, according to the latest data from the port authority. Total cargo movement in September of 1.1 million tonnes compares with the 919,386 tonnes reported […] Read more


Cargill’s quarterly profit up on beef, egg demand

Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more

Grain leaves Churchill for first time in four years

Reading Time: 2 minutes MarketsFarm — The first grain vessel in four years left the northern Manitoba port of Churchill over the weekend, according to social media posts from port owners Arctic Gateway Group. “Happy to report the successful completion and departure of the first grain vessel of the season from Churchill,” Arctic Gateway said on Twitter and Facebook. […] Read more