Reading Time: 2 minutes Canadian Pacific Railway (CP) plans to have its rainstorm-battered mainline between Kamloops and Vancouver reopened to grain and other traffic around midday Tuesday. The company said Monday that out of 30 storm-damaged spots across its Thompson and Cascade subdivisions in southern British Columbia, 20 had seen “significant loss of infrastructure” in need of repair. CP […] Read more
CP to reopen rail corridor to Vancouver Tuesday
B.C. storm led to damage in 30 separate spots, railway says
Kansas City Southern plans to accept CP’s bid
Deal would create new lanes for Prairie freight, CP says
Reading Time: 2 minutes Reuters — U.S. railway Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway’s US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway. CN now has until the end of Friday to submit a better offer or lose its deal with KCS. […] Read more
Kansas City Southern sticks with CN as CP won’t raise bid
CN confident of regulatory approval
Reading Time: < 1 minute Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating the largest-ever merger of North American railways by transaction value. The Canadian rivals have been locked in a takeover battle for the U.S. railroad operator […] Read more
Cost index up for CN, down for CP in grain revenue formula
CP expects lower labour costs, CN higher
Reading Time: 2 minutes Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the coming crop year from hauling Prairie grain. The Canadian Transportation Agency (CTA) on Thursday announced its decisions on the volume-related composite price index (VRCPI) for […] Read more
CN challenges CP with Kansas City Southern bid
KCS shareholder warns U.S. regulator 'doesn't like overlap'
Reading Time: 3 minutes Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] Read more
Canadian Pacific to buy Kansas City Southern in bet on trade
Biggest North American rail deal ever valued at US$25 billion
Reading Time: 4 minutes Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more
Big Two railways release plans for winter
Snow-clearing equipment among investments at CN, CP
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
CN, CP set third-quarter records for grain movement
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
Trump-backed Canadian railway to Alaska faces high hurdles
Proponents say line could move grain, fertilizer as well as oil
Reading Time: 2 minutes Winnipeg/Washington | Reuters — A private-sector proposal endorsed by U.S. President Donald Trump to build a railway from Canada’s oil sands to ports in Alaska would free landlocked crude but faces numerous steep challenges. Trump wrote on Twitter over the weekend that he would issue a permit for the Alaska-Alberta Railway Development Corporation (A2A Rail) […] Read more
First of four vessels arrives in Churchill
Reading Time: < 1 minute MarketsFarm — The first grain vessel of the 2020 shipping season is now at Manitoba’s northern Port of Churchill, according to Murad Al-Katib of the Arctic Gateway Group. “We’ll have an active program on durum wheat and lentils going into the Mediterranean,” said Al-Katib, who’s also CEO of Regina-based AGT Foods, one of the group’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
